
Board Meeting8 May 2026, 06:31 pm
HBG Hotels Recommends 1.5% Interim Dividend
AI Summary
HBG Hotels Ltd's board meeting on May 8, 2026, approved a 1.5% interim dividend (₹0.15 per equity share) and 1% for preference shares for FY26, setting May 15, 2026, as the record date. The board also approved a proposal for listing on the National Stock Exchange of India Limited, subject to approval. Additionally, the board approved the forfeiture of warrants due to non-conversion by certain allottees and noted Palolem Resorts LLP's agreement with Rajscape Hotels for resort management. The company also approved hotel agreements with Marriott affiliates for a project in Kerala and appointed CBRE for a feasibility study in Goa.
Key Highlights
- HBG Hotels recommends a 1.5% interim dividend for FY26.
- Board approves NSE listing proposal, pending exchange approval.
- Warrants for 4,45,000 shares forfeited due to non-conversion.
- Palolem Resorts LLP partners with Rajscape Hotels for resort management.
- HBG Hotels to enter hotel agreements with Marriott affiliates for Kerala project.
Price Impact
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