Outcome of the Board Meeting for approval of the Audited Financial Statement for the year ended March 31, 2026 and Audited Financial Results for the Quarter Ended March 31, 2026
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Ras Resorts & Apart Hotels Ltd reported FY26 revenue of Rs 1,314.92 Lakhs, virtually flat versus FY25 (Rs 1,322.71 Lakhs). However, profit after tax grew significantly to Rs 52.41 Lakhs from Rs 32.74 Lakhs in FY25, representing approximately 60% PAT growth. EPS improved from Rs 0.82 to Rs 1.32 per share. The Board also approved the voluntary delisting proposal from BSE, with the promoter group (holding 74.34%) seeking to acquire remaining public shares at a floor price of Rs 43.73 per share (indicative price Rs 56). The delisting is subject to shareholder and regulatory approvals. The auditor issued an unmodified (clean) opinion, though included an Emphasis of Matter paragraph regarding the delisting proposal.
The company shows improved profitability despite flat revenues, but retail shareholders face potential exit opportunity through the delisting offer at Rs 43.73-56 per share. If delisting proceeds, the stock will cease trading on BSE.