The closure of Board meeting time wrongly entered instead of 20:30 as 20:15
HAVISHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sri Havisha Hospitality reported total income of Rs 1,491.93 lakhs for FY26, down from Rs 1,584.15 lakhs in FY25. The company posted a net loss of Rs 501.66 lakhs for the full year, worse than the Rs 426.61 lakh loss in the previous year. For Q4 alone, the net loss was Rs 106.40 lakhs. The Hotel Business is the primary revenue driver, while the Infrastructure segment had no revenue during the year. Statutory auditors have issued an unmodified (clean) opinion on the financial statements. Key items include notional interest expense of Rs 440.07 lakhs on lease liabilities under Ind AS 116, and a one-time gratuity charge of Rs 10.56 lakhs due to new labour code implementation. The company has a sub-judice matter involving Rs 99.91 lakhs paid to Telangana State Power Distribution Company under protest.
The company continues to burn cash with mounting losses and negative reserves of Rs 4,017 lakhs, indicating accumulated losses are wiping out most of the equity. However, the clean audit opinion and ongoing hotel operations provide some comfort to shareholders.