The Board of Director of the Company meeting held on 14.08.2025, approved the appointment of Company Secretary and Compliance officer Mrs. Prachi Jain.
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The board of Phoenix Township Limited (proposing to rename to HBG Hotels Limited) held a meeting on August 14, 2025, and approved several items. These include unaudited Q1 FY26 (quarter ended June 30, 2025) standalone and consolidated results, a proposed change of company name to HBG Hotels Limited subject to approvals, and the re-appointment of Mr. Samit Prafulla Hede as Managing Director for 5 years from October 1, 2025 to September 30, 2030 with revised remuneration. Mrs. Prachi Jain was appointed as Company Secretary and Compliance Officer, and Kothari H. & Associates was appointed as Secretarial Auditor for five years (FY26–FY30). The 32nd AGM is set for September 29, 2025, with September 22, 2025 as the record date for the FY25 final dividend. On the financials (standalone Q1 FY26), total income fell to Rs. 616.67 lakhs from Rs. 951.53 lakhs a year ago, and net profit dropped sharply to Rs. 22.98 lakhs (EPS Rs. 0.124) versus Rs. 233.91 lakhs (EPS Rs. 1.673) in Q1 FY25. The prior-year figure was inflated by a one-time exceptional item of Rs. 5,065.40 lakhs.
Q1 FY26 profits were sharply lower than the prior-year quarter, but that comparison is distorted by a one-time exceptional gain booked last year; underlying operations remain modestly profitable. The name change to HBG Hotels Limited signals a clearer hospitality-focused identity (Goa and Kerala properties), and continuity at the Managing Director level provides leadership stability. The board appointments are routine governance matters and unlikely to move the stock on their own.