Appointment of Internal Auditors for the Financial Year 2026-27
LEMONTREE · price
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Lemon Tree Hotels' Board meeting on May 28, 2026 approved the audited consolidated financial results for FY 2025-26 showing total income of Rs 1,45,267 lakhs (up 12.7% YoY) and net profit of Rs 28,832 lakhs (up 18.6% YoY). The Board also appointed M/s R. Khattar & Associates as new Internal Auditor and re-appointed M/s Felix Advisory Private Limited as Internal Auditor for FY 2026-27, as recommended by the Audit Committee. Deloitte Haskins & Sells LLP issued an unmodified opinion on the financial results. Additional disclosures include a Composite Scheme of Arrangement for business demerger/restructuring, and Coastal Cedar Investments acquiring 41.09% stake in subsidiary Fleur Hotels Limited from APG.
Positive financial performance with ~18.6% profit growth is encouraging for shareholders. The appointment of two internal auditors for FY 2026-27 is a routine governance action with no material impact on the stock. The ongoing corporate restructuring and change in subsidiary ownership structure may lead to future business focus segregation.