StockWatch
·
Hotels & Resorts
Acquisitions3 Aug 2026, 08:20 pm

Samhi Hotels Acquires Itmenaan Lodges for ₹12 Cr

AI Summary

Samhi Hotels Limited's Board of Directors has approved the 100% acquisition of Itmenaan Lodges Private Limited for a cash consideration of ₹12 Crores. The total approved investment, including potential future capital expenditure, will not exceed ₹25 Crores. Itmenaan Lodges operates the 'Itmenaan Estate' hotel in Uttarakhand. The board also approved the company's unaudited financial results for the quarter ended June 30, 2026, an increase in authorized share capital, and an enabling resolution for raising funds up to ₹750 Crores. Additionally, the 16th Annual General Meeting is scheduled for August 31, 2026.

Key Highlights

  • Samhi Hotels to acquire 100% of Itmenaan Lodges for ₹12 Cr.
  • Total investment in Itmenaan Lodges capped at ₹25 Cr.
  • Board approved Q1 FY27 unaudited financial results.
  • Approved increase in authorized share capital and fund raising up to ₹750 Cr.
  • AGM scheduled for August 31, 2026.