Outcome of Board Meeting held on 06th September, 2025
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The Board of Directors approved the 5th Annual General Meeting to be held on Monday, September 29, 2025 at 3:00 PM at the registered office in Nagpur. Key items to be placed before shareholders include: adoption of audited financial statements for FY 2024-25, re-appointment of Mr. Kashyap Budhaji Pakhide as Director (retiring by rotation), appointment of M/s. VRG & Associates as Secretarial Auditor for 5 years, and two special resolutions seeking enhanced limits of up to ₹150 crores each for investments/loans/guarantees (Section 186) and borrowings (Section 180(1)(c)). For FY25, standalone revenue was ₹6,505.47 lakhs (slightly up from ₹6,445.73 lakhs), with PAT of ₹360.55 lakhs. Consolidated revenue surged ~78% to ₹20,601.76 lakhs driven by subsidiary GB Hospitality (India) Pvt Ltd, with consolidated PAT rising to ₹880.90 lakhs from ₹486.24 lakhs. The Board did not recommend any dividend.
Shareholders will vote on significantly expanded borrowing and investment limits (₹150 crores each), suggesting potential capital raising or expansion plans ahead. Strong consolidated growth from the subsidiary is a positive signal, though flat standalone performance and no dividend may temper near-term shareholder returns.