Quarterly Updates23 May 2026, 09:21 pm
Advani Hotels: Land Revaluation Surplus of ₹427.26 Cr
AI Summary
Advani Hotels & Resorts' board approved a change in accounting policy to the revaluation model for land, resulting in a revaluation surplus of ₹427.26 crores as of March 31, 2026. This follows a valuation report by Whitestone Valuers and Consultants Private Limited, valuing the land at ₹429.82 crores, a significant increase from its historical cost of ₹2.56 crores. The board also approved audited standalone financial results for FY26 and declared an interim dividend of Re. 0.80 per share. BDO India LLP was re-appointed as Internal Auditors for FY27.
Key Highlights
- Land revaluation leads to a surplus of ₹427.26 crores in financials.
- Accounting policy changed to revaluation model for land.
- Interim dividend of Re. 0.80 per share declared.
- Audited standalone financial results for FY26 approved with unmodified opinion.
- BDO India LLP re-appointed as Internal Auditors for FY27.