Dividend8 May 2026, 06:51 pm
HBG Hotels Recommends 1.5% Interim Dividend
AI Summary
HBG Hotels Ltd's board approved a 1.5% interim dividend (₹0.15 per equity share of ₹10) and 1% (₹0.10 per preference share of ₹10) for FY26, setting May 15, 2026, as the record date. The board also approved NSE listing, noted the forfeiture of warrants due to non-conversion, and acknowledged Palolem Resorts LLP's agreement with Rajscape Hotels (Tree of Life) for resort management. Additionally, the company approved hotel agreements with Marriott affiliates for a project in Kerala and appointed CBRE for a feasibility study in Goa.
Key Highlights
- HBG Hotels declared a 1.5% interim dividend for equity shares and 1% for preference shares.
- Record date for interim dividend is set for May 15, 2026.
- Board approved proposal for listing on the National Stock Exchange of India.
- Warrants worth 4,45,000 were forfeited due to non-conversion within the stipulated time.
- Palolem Resorts LLP executed MOA with Rajscape Hotels (Tree of Life) for resort management.
Price Impact
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