The Board of Directors at its meeting held on 29th May, 2026 has interalia considered and approved the agenda items as mentioned in the attachment.
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The Board approved audited standalone and consolidated financial results for FY 2025-26 ending 31st March 2026. Standalone revenue grew marginally to Rs. 1,852.08 lakhs with PAT jumping 200% to Rs. 484.98 lakhs from Rs. 161.27 lakhs. Consolidated revenue surged 179% to Rs. 23,413.06 lakhs, but consolidated PAT turned negative at Rs. 886.00 lakhs loss (vs profit of Rs. 183.97 lakhs last year), primarily due to significant non-controlling losses of Rs. 1,040.19 lakhs. The Board also approved re-appointment of Garg Narender & Co. as Internal Auditor for FY 2026-27, incorporation of new subsidiary 'Avanir Wellness Resorts Private Limited', and sale of 9,499 equity shares in RDB Raipur Hotels Private Limited to Gupta Infrastructure (India) Pvt Ltd for Rs. 56,994. Statutory auditors issued unmodified clean opinions for both standalone and consolidated results.
Standalone results show strong profitability improvement with PAT tripling, which is positive for standalone shareholders. However, the consolidated loss and significant negative non-controlling interest may raise concerns about subsidiary performance and group-level financial health despite the large revenue expansion.