StockWatch
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Hotels & Resorts
Board Meeting6 Nov 2026, 12:38 pm

Graviss Hospitality Board Approves Un-audited Financial Results

AI Summary

Graviss Hospitality Ltd announced that its Board of Directors, following a recommendation from the Audit Committee, has approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The limited review report from the statutory auditors has also been enclosed. The board meeting took place on November 06, 2026, commencing at 12:00 P.M. and concluding at 12:30 P.M. The auditor's report noted accumulated losses in three subsidiaries exceeding their net worth but expressed confidence in recovery and alternate business plans.

Key Highlights

  • Board approved unaudited standalone and consolidated financial results.
  • Results are for the quarter and half-year ended September 30, 2026.
  • Limited review report from statutory auditors enclosed.
  • Auditor noted accumulated losses in three subsidiaries.
  • Management expressed confidence in subsidiaries' recovery and plans.