Apeejay Surrendra Park Hotels Ltd

Apeejay Surrendra Park Hotels Limited (ASPHL) has announced the launch of its second hotel in Visakhapatnam, 'Zone Connect by The Park Visakhapatnam'. This 52-key hotel is strategically located on Beach Road, enhancing the company's presence in the coastal city. The hotel features contemporary design, vibrant social spaces, an all-day dining restaurant (Café C), an open-air coffee shop with Bay of Bengal views, and a terrace swimming pool. It also includes indoor banquet spaces for up to 300 guests and a dedicated meeting space, 'Grey Zone'. This expansion signifies ASPHL's commitment to Andhra Pradesh as a high-potential market and aims to cater to both business and leisure travelers.

Apeejay Surrendra Park Hotels Limited (ASPHL) has signed a Hotel Management Agreement (HMA) for the upcoming Zone Connect by The Park in Bharatpur, Rajasthan. This 63-key hotel is strategically located near the UNESCO World Heritage Site of Keoladeo National Park and other historical attractions. The property will offer contemporary hospitality, including an all-day dining restaurant, banquet facilities, and a swimming pool. Expected to open in Q3 2026, this expansion aims to strengthen ASPHL's presence in emerging leisure and tourism destinations across India, catering to both leisure and social occasions, including destination weddings.

Apeejay Surrendra Park Hotels Ltd has announced the closure of its trading window from October 1, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is to facilitate the finalization and approval of the company's financial results for the second quarter and half-year ending September 30, 2026. Designated persons are prohibited from trading in the company's securities during this period. The trading window will reopen 48 hours after the dissemination of the financial results to the stock exchanges.

Apeejay Surrendra Park Hotels Limited has announced the appointment of Mr. Manish Bhagat as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective September 21, 2026. Mr. Bhagat, who brings over 20 years of extensive experience in finance across various sectors including hospitality, retail, and aviation, succeeds Mr. Atul Khosla. His prior roles include leadership positions at SAMHI Hotels Limited, Devyani International Limited, AirWorks Engineering Pvt Ltd., and InterGlobe Aviation Limited (IndiGo). The company expressed confidence that Mr. Bhagat's expertise will contribute to scaling the business and driving sustainable growth.

Apeejay Surrendra Park Hotels Ltd announced the appointment of Mr. Manish Bhagat as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective September 21, 2026. This follows the resignation of Mr. Atul Khosla from the same positions, also effective September 21, 2026, due to a new professional opportunity. Mr. Bhagat, a Chartered Accountant with over 20 years of experience in various sectors including hospitality, brings expertise in treasury, capital management, and financial reporting. The board meeting where these decisions were made concluded on September 17, 2026.

Apeejay Surrendra Park Hotels Ltd announced a significant management change following a Board of Directors meeting on September 17, 2026. Mr. Atul Khosla has resigned from his positions as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective September 21, 2026, citing a new professional opportunity. Concurrently, the Board approved the appointment of Mr. Manish Bhagat as the new CFO and KMP, also effective September 21, 2026. Mr. Bhagat, a Chartered Accountant with over 20 years of experience in various sectors including hospitality, will bring his expertise in treasury, capital management, and financial reporting to the role. The company has provided detailed reasons for Mr. Khosla's resignation and Mr. Bhagat's profile as per SEBI Listing Regulations.

Apeejay Surrendra Park Hotels Ltd has announced its 38th Annual General Meeting (AGM) scheduled for Saturday, September 26, 2026, at 11:00 AM IST. The meeting will be conducted via Video Conferencing (VC) and Other Audio-Visual Means. The Annual Report for FY 2025-26, along with the Business Responsibility and Sustainability Report (BRSR) and Annual Financial Statements, will be sent via email to members registered as of August 28, 2026. The company is also providing an e-voting facility for resolutions, with remote e-voting commencing on September 23, 2026, and concluding on September 25, 2026. The cut-off date for voting eligibility is September 19, 2026.

Apeejay Surrendra Park Hotels Ltd has announced the date for its 38th Annual General Meeting (AGM) to be held on Saturday, September 26, 2026, at 11:00 A.M. IST via Video Conferencing. The company will send the Notice of AGM, Annual Report, Business Responsibility and Sustainability Report (BRSR), and Annual Financial Statements for FY 2025-26 via email to members registered as of August 28, 2026. E-voting will be available from September 23 to September 25, 2026, for members holding shares as of September 19, 2026. The company operates 42 hotels across five brands and also runs the F&B brand Flurys.

Apeejay Surrendra Park Hotels Ltd has announced the record date for the payment of its final dividend for the financial year 2025-26. The dividend, recommended at ₹0.75 per fully paid-up equity share of face value ₹1, is subject to member approval at the upcoming 38th Annual General Meeting. The record date has been fixed as Saturday, September 19, 2026. Shareholders whose names appear in the company's register or depository records by the close of business hours on this date will be eligible to receive the dividend, which will be paid within 30 days of AGM approval, subject to tax deductions.

Apeejay Surrendra Park Hotels Limited (ASPHL) announced its Q1 FY27 financial results, reporting revenue from operations of ₹166.8 crore, an increase of 8.1% YoY. The company achieved India's highest occupancy rate of 92% in the upper upscale segment and maintained market leadership in RevPAR. Operating EBITDA stood at ₹47 crore, a 3.3% YoY increase, while Profit After Tax (PAT) was ₹11.5 crore. The company is expanding into Tier II and Tier III cities, having acquired control of Zillion Hotels, Fisherman’s Grove Resorts, and Thali Hotels. ASPHL currently operates 42 hotels with 2,677 keys and has 45 more hotels under development. Its bakery brand, Flurys, plans to open 30 new outlets this year.