Lemon Tree Hotels Limited has informed the Exchange about the appointment of M/s R. Khattar & Associates, Chartered Accountants and re-appointment of M/s Felix Advisory Private Limited as Internal Auditors of the Company for the Financial Year 2026-27
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lemon Tree Hotels reported strong FY2026 results with consolidated revenue of Rs 1,444.5 crore, up 12.3% from Rs 1,286.1 crore in FY25. Net profit after tax grew 18.6% to Rs 288.3 crore from Rs 243.1 crore. Statutory auditors Deloitte Haskins & Sells gave an unmodified opinion. The Board approved appointment of R. Khattar & Associates as a new internal auditor and re-appointment of Felix Advisory Private Limited for FY2026-27, as recommended by the Audit Committee. The company also noted a Composite Scheme of Arrangement for demerger/restructuring is underway, and Coastal Cedar Investments acquired 41.09% stake in subsidiary Fleur Hotels Limited from APG.
Positive financial performance with double-digit revenue and profit growth. The internal auditor changes are routine and do not indicate any governance concerns. The restructuring scheme and change in subsidiary ownership structure may create future strategic flexibility.