BENARES HOTELS LTD.

Mr. Moiz Miyajiwala has resigned from his position as an Independent Director of Benares Hotels Ltd, effective May 23, 2026, due to the prescribed age limit for Independent Directors. Consequently, he will also cease to be Chairman of the Nomination and Remuneration Committee & Audit and Risk Management Committee. The company acknowledged his valuable contributions. He also confirmed that there are no other material reasons for his resignation other than those mentioned in his resignation letter. He holds directorship in Oriental Hotels Limited as an Independent Director.

Benares Hotels Ltd announced the resignation of its Chief Financial Officer, Mr. Veeramani Venkata, effective from the closure of business hours on May 4, 2026. Mr. Venkata is resigning to pursue professional opportunities elsewhere. The company has disclosed the details as per SEBI Listing Regulations and Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The Board of Directors of Benares Hotels Ltd, at its meeting on April 29, 2026, approved the audited financial statements for the fiscal year ended March 31, 2026, with an unmodified opinion from statutory auditors PKF Sridhar & Santhanam LLP. The board recommended a dividend of 250%, equivalent to Rs. 25/- per equity share, for FY26, subject to shareholder approval. This matches the previous year's dividend. Additionally, the board approved the appointment of Mr. Rajendra Misra as an Additional Non-executive, Non-Independent Director and Mr. Anupam Chaturvedi as an Additional Non-executive, Independent Director for a 5-year term, both effective April 29, 2026, subject to shareholder approval for Mr. Chaturvedi. The resignation of Mr. Beejal Desai as a Non-executive, Non-Independent Director was also noted.

Benares Hotels Limited (BHL) reported its financial results for Q4 and the full year ended March 31, 2026. For Q4 FY2026, BHL achieved a revenue of ₹49.9 crores, EBITDA of ₹23.2 crores with a 46% margin, and a PAT of ₹15.3 crores. For the full fiscal year 2026, the company recorded a revenue of ₹145 crores, a strong EBITDA margin of 45%, and a PAT of ₹43.2 crores, driven by sustained demand. During the fourth quarter, BHL successfully expanded Taj Ganges, Varanasi, by adding 100 rooms, bringing its total inventory to 230 rooms, positioning it to address the increasing demand in the luxury segment. Additionally, Taj Ganges, Varanasi, maintained its Earth Check Platinum Certification, and Taj Nadesar Palace, Varanasi, was recognized with 1 Michelin Key in 2025.

Benares Hotels Ltd announced changes in its directorships effective April 29, 2026. Mr. Beejal Desai, a Non-executive, Non-Independent Director, has resigned from the Board. Concurrently, the Board of Directors, based on the Nomination and Remuneration Committee's recommendations, appointed Mr. Rajendra Misra as an Additional Non-executive, Non-Independent Director. Additionally, Mr. Anupam Chaturvedi was appointed as an Additional Non-executive, Independent Director for a term of 5 years, subject to shareholder approval. Both new appointments are also effective from April 29, 2026. Mr. Misra brings over 30 years of legal experience, while Mr. Chaturvedi is the Founder and CEO of ACe Pansophy and has extensive banking experience.

The Board of Directors of Benares Hotels Ltd. met on April 29, 2026, approving the Audited Financial Statements/Results for the financial year ended March 31, 2026, which received an unmodified opinion from the Statutory Auditors. The Board recommended a dividend of ₹25/- per equity share (250%) for FY26, subject to shareholder approval, matching the previous year's dividend. Additionally, Mr. Rajendra Misra was appointed as an Additional Non-executive, Non-Independent Director, and Mr. Anupam Chaturvedi was appointed as an Additional Non-executive, Independent Director for a 5-year term, both effective April 29, 2026. The resignation of Mr. Beejal Desai as a Non-executive, Non-Independent Director was also noted.

Benares Hotels Ltd's Board of Directors approved the audited financial statements for the financial year ended March 31, 2026. The statutory auditors, PKF Sridhar & Santhanam LLP, provided an unmodified opinion. The Board recommended a dividend of ₹25 per equity share (250%), pending shareholder approval. The company also approved the appointment of Mr. Rajendra Misra as an Additional Non-executive, Non-Independent Director and Mr. Anupam Chaturvedi as an Additional Non-executive, Independent Director for a five-year term. Concurrently, the resignation of Mr. Beejal Desai, a Non-executive, Non-Independent Director, was noted.

Benares Hotels Ltd has announced a Board Meeting scheduled for Wednesday, April 29, 2026. The main purpose of the meeting is to consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2026. Additionally, the Board will discuss and potentially recommend a final dividend on the company's equity shares for the financial year ended March 31, 2026, which will be subject to shareholder approval at the upcoming Annual General Meeting. In accordance with SEBI regulations, the trading window for designated persons is closed from March 25, 2026, and will remain closed until May 02, 2026. It will reopen on May 03, 2026, 48 hours after the financial results are publicly disclosed.

Benares Hotels Ltd has scheduled a Board of Directors meeting for April 29, 2026. The primary agenda includes considering and approving the Audited Financial Results for the quarter and financial year ended March 31, 2026. Additionally, the Board will discuss and potentially recommend a final dividend for the financial year 2026, subject to shareholder approval at the upcoming Annual General Meeting. In compliance with SEBI regulations, the trading window for designated persons is closed from March 25, 2026, until May 02, 2026, reopening on May 03, 2026, following the public disclosure of financial results.

Benares Hotels Ltd announced the appointment of Sumit Singh Deol as the Chief Executive Officer (CEO) at its Board Meeting held on 24.02.2026. The appointment was based on the recommendations of the Nomination and Remuneration Committee. Deol, who has done Hotel Management from IHM Chennai, has a vast experience in Food & Beverage and General Management. He has been awarded various laurels and has successfully led teams at Taj Taal Kutir and Taj Coromandel, Chennai.