TGB Banquets & Hotels Announces Q1 Results and Key Leadership Re-appointments

TGB Banquets & Hotels Limited , a prominent player in the hospitality sector, held a significant board meeting on August 13, 2025, revealing important financial results and strategic leadership decisions. The company, known for its expertise in hotels, banquets, and conventions, made several key announcements that are set to shape its future trajectory.

Financial Results Approval

The board of directors convened to review and approve the unaudited standalone financial results for the quarter ended June 30, 2025. While specific financial figures were not disclosed, the company confirmed that these results have undergone a limited review by the statutory auditors, Prakash Tekwani & Associates, in compliance with SEBI regulations.

Leadership Re-appointments

TGB Banquets & Hotels announced the re-appointment of key leadership positions, subject to shareholder approval at the upcoming Annual General Meeting:

Managing Director and Chairman

• Mr. Narendra G. Somani: Re-appointed for a three-year term, effective October 1, 2025.
  • Over 35 years of experience in the catering and hotel industry.

Whole Time Directors

• Mr. Devanand G. Somani: Re-appointed for a five-year term, starting January 26, 2026.
  • More than 30 years of experience in hospitality and event management.
• Mr. Hemant G. Somani: Re-appointed for a five-year term, commencing January 26, 2026.
  • Over 30 years of industry experience.

Non-Executive Independent Woman Director

• Mrs. Jasmin Jaykumar Doshi: Re-appointed for a second term of five years, effective November 9, 2025.
  • Qualified Company Secretary with over 10 years of professional experience.

Additional Appointments and Policy Updates

The board also made the following decisions:

• Appointed M/s. Umesh Ved & Associates as Secretarial Auditors for a five-year term from the financial year 2025-26 to 2029-30.
• Approved and adopted an amended Policy of Code of Fair Disclosure and Conduct for Insider Trading, as well as a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

Corporate Governance Assurance

TGB Banquets & Hotels Limited affirmed that none of the re-appointed directors have been debarred from holding directorship positions by any SEBI order or other authority. All appointments are in compliance with the Companies Act 2013 and relevant SEBI regulations.

These strategic decisions and leadership continuity measures demonstrate the company's commitment to maintaining strong corporate governance and leveraging experienced leadership for future growth in the competitive hospitality sector.