Enclosed herewith outcome of Board meeting held on 14.08.2025
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The board of Phoenix Township Limited met on August 14, 2025 and approved multiple key items. Unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) were approved: standalone total income stood at Rs 428.08 lakhs with a net profit of Rs 22.98 lakhs (EPS Rs 0.124), while consolidated net profit was Rs 22.07 lakhs (EPS Rs 0.119). The company proposed changing its name from 'Phoenix Township Limited' to 'HBG Hotels Limited', subject to MCA and shareholder approval. Mr. Samit Prafulla Hede was re-appointed as Managing Director for a fresh 5-year term (October 1, 2025 to September 30, 2030) with revised remuneration. The 32nd AGM was fixed for September 29, 2025 via video conferencing, with record date September 22, 2025 for the FY25 final dividend. Additionally, Mrs. Prachi Jain was appointed as Company Secretary & Compliance Officer, and Kothari H. & Associates was appointed as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30).
The name change to HBG Hotels Limited reflects a clear re-branding aligned with the company's hospitality business focus. The Q1 FY26 results show normalised operations without the one-time exceptional gains that boosted prior quarters. Shareholders should watch for the upcoming AGM on September 29, 2025 where the name change, MD re-appointment, and final dividend approval will be sought.