Pursuant to regulation 30 & 33 of the Security and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board of Directors in the meeting considered ....
HAVISHA · price
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Sri Havisha Hospitality reported audited financial results for FY2026 with total income of ₹1,491.93 lakhs, down from ₹1,584.15 lakhs in FY2025 (5.8% decline). The company posted a net loss of ₹503.72 lakhs, significantly higher than the loss of ₹426.58 lakhs in the previous year. Revenue from hotel business was ₹1,491.93 lakhs while infrastructure business contributed nil as the segment has been phased out. Statutory auditors issued an unmodified (clean) opinion. The balance sheet shows negative other equity of ₹4,017.08 lakhs, indicating accumulated losses. Key items include ₹99.91 lakhs paid under protest for Cross Subsidy Surcharge dispute (sub-judice), and ₹440.07 lakhs in notional finance costs from lease liabilities under Ind AS 116.
The widening net loss and negative equity position signal continued financial stress for the company. While the auditor's clean opinion provides some comfort, the company's ability to turn around its hotel operations remains uncertain. The large lease liability of ₹3,782.40 lakhs is a significant long-term obligation.