Board Meeting8 May 2026, 06:51 pm
HBG Hotels: Interim Dividend, NSE Listing, Marriott Agreements
AI Summary
HBG Hotels Ltd's board approved an interim dividend of 1.5% (₹0.15 per equity share) and 1% (₹0.10 per preference share) for FY26, with a record date of May 15, 2026. The board approved a proposal for listing on the National Stock Exchange of India Limited, subject to approval. Warrants for 4,45,000 shares were forfeited due to non-conversion. Palolem Resorts LLP, a subsidiary, entered a Memorandum of Agreement with Rajscape Hotels Private Limited (Tree of Life) Taj Group of Hotels. The company approved Hotel Agreements with Marriott Hotels India and its affiliates for a hotel project in Kerala. CBRE South Asia Pvt. Ltd. will conduct a feasibility study for a branded residences project in Goa.
Key Highlights
- Interim dividend of ₹0.15 per equity share and ₹0.10 per preference share approved.
- NSE listing proposal approved, pending exchange approval.
- 4,45,000 warrants forfeited due to non-conversion within the stipulated time.
- Palolem Resorts LLP enters MOA with Rajscape Hotels (Taj Group) for resort management.
- Hotel Agreements approved with Marriott Hotels India for Kerala project.
Price Impact
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