Viceroy Hotels Limited (VHL) announced on November 13, 2025, that Ms. Shruti Gupta (DIN: 10707428) has resigned from her position as an Independent Director of the company, citing personal reasons. The resignation is effective immediately, as per the company's filing with the stock exchanges.

Key Details of the Resignation

Ms. Gupta's departure affects the composition of VHL's board. In her resignation letter, she confirmed that there are no material reasons for her resignation other than personal commitments, as required by SEBI regulations.

Impact on Board Composition

The company has not yet announced a replacement for Ms. Gupta. Her resignation may have implications for the board's independence and diversity, which are crucial factors in corporate governance.

Regulatory Compliance

Viceroy Hotels Limited has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly disclosing the resignation to the stock exchanges. The company provided the necessary details as per SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Other Corporate Updates

VHL has scheduled its Q2 & FY 2026 Earnings Call for Wednesday, November 19, 2025, at 11:00 A.M IST. This call will discuss the financial results for the quarter and half year ended September 30, 2025.

Viceroy Hotels Limited (VHL) has announced an ambitious renovation and expansion plan worth over ₹100 crore, even as the company reported a decline in revenue for the first quarter. The Hyderabad-based hospitality firm aims to enhance its premium offerings and boost long-term profitability through strategic upgrades and a new development project.

Expansion and Renovation Plans

VHL has outlined a comprehensive three-phase renovation strategy for its existing properties:

• Phase I: Upgrading 56 guest rooms at Courtyard by Marriott, developing a full-fledged spa with 7 rooms and a gym on the 8th floor, and creating a rooftop bar with 70 covers overlooking a swimming pool with views of Hussain Sagar lake.
• Phase II: Renovating 168 guest rooms at Marriott to feature contemporary designs and modern bathrooms, along with upgrading the Convention Centre to a total space of 20,000 sq ft.
• Phase III: Upgrading 4 F&B outlets and the Executive Lounge at Marriott, enhancing the Marriott Lobby, renovating 127 additional guest rooms, and converting Altitude into a high-end Pan Asian Restobar.

The company expects to complete these expansions by Q3 FY26, signaling a strong commitment to improving its offerings and guest experience.

New Courtyard Project

In addition to the renovations, Viceroy Hotels has announced plans for a new 200-room Courtyard project in Madhapur. This greenfield development, spanning 7,000 square yards, underscores the company's growth ambitions in the competitive Hyderabad market.

Q1 FY26 Financial Performance

Despite the forward-looking plans, VHL's Q1 FY26 financial results revealed some challenges:

• Revenue from operations decreased to ₹25.37 crore, down 6.37% from ₹27.10 crore in Q1 FY25.
• EBITDA declined by 13.58% to ₹4.82 crore, compared to ₹5.58 crore in the same quarter last year.
• The company reported a net loss of ₹3.02 crore, a significant drop from a profit of ₹1.72 crore in Q1 FY25.

The company attributed the revenue decline primarily to limited inventory availability at Courtyard by Marriott due to ongoing renovations.

Operational Metrics

VHL's operational metrics for Q1 FY26 showed mixed results:

• Combined Average Daily Rate (ADR) increased by 14.7% to ₹6,952.
• Overall occupancy rate decreased to 54.9% from 63.0% in Q1 FY25.
• Revenue Per Available Room (RevPAR) remained relatively flat at ₹3,814.

Management Commentary

Mr. Ravinder Reddy Kondareddy, Managing Director & CEO of Viceroy Hotels Limited, commented on the results and future outlook: "We continue to execute our expansion strategy in a phased and disciplined manner. The development of our new greenfield hotel project at Madhapur is progressing as planned. In parallel, we are actively evaluating select assets that align with our growth vision and can be value-accretive over the long term."

He added, "We expect to complete the phase I expansion by Q3 FY26. This includes 56 additional rooms at Courtyard by Marriott which are expected to command higher Average Daily Rates (ADR), and the financial contribution from these rooms is expected to begin reflecting in our revenue from Q3 FY26."

Looking Ahead

As Viceroy Hotels Limited navigates through its extensive renovation and expansion plans, the company appears focused on long-term growth and improved profitability. The strategic upgrades and new developments are poised to strengthen VHL's position in the premium hospitality segment, particularly in the Hyderabad market. However, short-term financial pressures may persist as the company invests in these improvements and manages the impact of ongoing renovations on its current operations.

Investors and industry observers will be keenly watching how quickly these investments translate into improved financial performance and market share for Viceroy Hotels in the coming quarters.