Board skips dividend; auditor flags qualified opinion on FY26 results
AHLEAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board declared FY26 audited results on 9 July, no dividend to conserve cash for capex and support Novak Hotels. Standalone revenue rose 8 percent to Rs 12,228.74 lakhs; PAT up to Rs 2,768.89 lakhs (EPS Rs 16.01). Auditor Singhi and Co issued qualified opinion flagging Rs 1,344.25 lakhs unrecognised impairment at GJS Hotels (Odisha property dispute, bank guarantee forfeited). Consolidated FY posted loss of Rs 5,864.04 lakhs. Emphasis of matter on Rs 24,928.50 lakhs Novak exposure tied to Hyatt Regency Mumbai acquisition.
Qualified opinion, consolidated loss, and large subsidiary exposure may pressure sentiment despite steady standalone growth and no dividend surprise expected.