Annual Report for the Financial year end 2024-2025.
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HBG Hotels Ltd has filed its 32nd Annual Report for FY 2024-2025 with BSE. The company operates hospitality assets including Park Inn by Radisson in Goa (Candolim) and Phoenix Island Resort in Kerala (Poovar). The Board has proposed a 1.5% final dividend (Rs. 0.15 per equity share of Rs. 10) and 10% dividend on preference shares (Rs. 0.10 per share), subject to shareholder approval. The 32nd AGM is scheduled for September 29, 2025 via video conferencing. Key agenda items include re-appointment of Mr. Samit P. Hede as Managing Director for 3 years from October 2025, continuation of two non-executive directors beyond age 75, and appointment of M/s. Kothari H. & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30).
The proposed name change from Phoenix Township Limited to HBG Hotels Limited reflects a sharper focus on the hospitality business and may improve brand recall. Modest dividend declaration signals steady but not exceptional cash generation. No major red flags like qualified audit opinion or going-concern issues are evident from the filing text.