Outcome of Board Meeting
Price
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The Board of Directors of Vikram Kamats Hospitality Ltd, meeting on February 10, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The results were accompanied by a Limited Review Report from statutory auditors Chaturvedi Sohan & Co., which issued an unmodified review opinion. However, the auditor flagged an Emphasis of Matter related to subsidiary Vitizen Hotels Limited, which paid a refundable security deposit of Rs. 1.00 Crore to a lessor and issued four security cheques of Rs. 22.50 Lakhs each (totalling Rs. 90 Lakhs); the lease was terminated and the company is pursuing arbitration to recover the deposit, cheques, and an additional Rs. 1.25 Crore in claimed losses. The subsidiary reported revenues of Rs. 578.83 Lakhs for Q3 and Rs. 1,824.81 Lakhs for 9M FY26, along with net losses of Rs. 204.54 Lakhs and Rs. 189.99 Lakhs respectively. No provision or impairment has been booked, pending the arbitration outcome.
Shareholders should note the ongoing arbitration at the subsidiary level, where recovery of Rs. 1.90 Crore (deposit plus cheques) hinges on arbitration outcomes and no provision has been made — this creates uncertainty. The subsidiary's persistent net losses (Rs. 189.99 Lakhs for 9M FY26) may weigh on consolidated profitability, though the parent company has not raised any going-concern concerns.