TGB Banquets and Hotels Limited has received a credit rating reaffirmation from CARE Ratings Limited for its bank facilities. The rating agency has maintained the company's existing rating after reviewing recent operational and financial developments.

Rating Details

CARE Ratings has reaffirmed TGB Banquets and Hotels' long-term bank facilities rating at CARE B+ with a stable outlook. The rating review covered facilities worth ₹5.28 crore and was based on the company's performance for FY25 (audited) and 9MFY26 (unaudited).

Facility Breakdown

The rated facilities comprise both fund-based and non-fund based limits across multiple banking partners. The detailed structure includes cash credit facilities and bank guarantee arrangements.

Fund-Based Limits

Non-Fund Based Limits

Regulatory Compliance

The company has informed both NSE and BSE about the rating reaffirmation in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Company Secretary Arpita Shah and submitted to the exchanges on March 2, 2026.

Rating Methodology

CARE Ratings noted that the rating review was conducted by their Rating Committee based on recent developments in the company's operational and financial performance. The agency reserves the right to undertake surveillance and review of the rating periodically, with at least one review annually. The rating reflects the agency's assessment of the likelihood of timely payment of obligations under the rated instruments.

Source: None/Company/INE797H01018/e32dc4d0-ca60-4214-8012-ed0a72a55d5a.pdf

TGB Banquets & Hotels Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, along with key management changes. Subsequently, the company issued a corrigendum on February 16, 2026, to correct a typographical error in the CFO appointment announcement.

Financial Performance Overview

The company demonstrated steady performance in Q3FY26 with revenue from operations reaching ₹1,057.20 lakhs compared to ₹1,022.61 lakhs in Q3FY25. Total income for the quarter stood at ₹1,084.08 lakhs, including other income of ₹26.88 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, TGB Banquets & Hotels showed improved performance across key metrics. Revenue from operations increased to ₹2,804.90 lakhs from ₹2,590.40 lakhs in the corresponding period of the previous year.

CFO Appointment and Corrigendum

The Board approved the appointment of Prakash Shrivastav as Chief Financial Officer effective February 13, 2026. However, the company issued a corrigendum on February 16, 2026, addressing a typographical error in the original announcement under Regulation 30 and 33.

CFO Profile and Qualifications

Prakash Shrivastav brings comprehensive experience to the CFO role with strong educational and professional credentials.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standard 34 and reviewed by statutory auditors Prakash Tekwani & Associates. The corrigendum was filed with both National Stock Exchange of India Limited and BSE Limited to ensure accurate regulatory records. All other information from the original Board meeting outcome dated February 13, 2026, remains unchanged.