Leela Palaces Hotels & Resorts Ltd

Leela Palaces Hotels & Resorts Ltd has issued a notice regarding its Seventh Annual General Meeting (AGM) scheduled for September 4, 2026. The company is sending electronic copies of the AGM notice and the Annual Report for FY 2025-26 to shareholders with registered email addresses. For shareholders whose email addresses are not registered, physical letters with weblinks to access these documents have been dispatched. The Annual Report and AGM notice are also available on the company's website. E-voting details, including cut-off and voting periods, are provided. Instructions for shareholders to update their email addresses are also included.

Leela Palaces Hotels & Resorts Ltd has announced that its Seventh Annual General Meeting (AGM) will be held on Friday, September 4, 2026, at 11:00 A.M. IST. The meeting will be conducted through Video Conference/Other Audio Visual Means (VC/OAVM), in compliance with directives from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). The company will provide the Annual Report for the financial year 2025-26 and the detailed Notice of the AGM in due course. This intimation serves as a formal record for stakeholders.

Leela Palaces Hotels & Resorts Ltd announced an investment of up to ₹185 crore in its subsidiary, Buildminds Real Estate Private Limited. This investment, to be made in tranches over several years, will be in the form of Compulsorily Convertible Preference Shares (CCPS). Buildminds is developing the company's upcoming 5-star hotel in Ayodhya. The funds will support Buildminds' capital requirements, ongoing operations, project development, and long-term growth. The investment is considered a related party transaction but is being conducted at arm's length. The company currently holds 76% of Buildminds' equity, and this investment will not alter management control.

Leela Palaces Hotels & Resorts Ltd has received a Monitoring Agency Report from ICRA Limited for the quarter ended June 30, 2026. The report confirms that the utilization of proceeds from the company's Initial Public Offer (IPO) is in line with the stated objects of the issue. ICRA, appointed as the Monitoring Agency, reviewed the utilization of the IPO proceeds, which amounted to ₹3,500.00 Crore (Gross Proceeds of ₹2,500.00 Crore monitored in Q1 FY2027). The Audit Committee has considered this report. The company's website will also host this information.

Leela Palaces Hotels & Resorts Ltd. announced a robust Q1 FY27 performance, with operating revenue growing 28% to ₹3,520 million and operating EBITDA rising 41% to ₹1,434 million. Profit After Tax (PAT) surged approximately 4.6 times to ₹488 million. The company attributes this growth to strong domestic luxury demand, brand strength, pricing power, and disciplined expansion. RevPAR increased by 17% driven by a 10% rise in Average Daily Rate (ADR) and improved occupancy. The company also highlighted its #2 global ranking by Travel + Leisure and its ongoing expansion strategy, including a new wildlife resort in Tadoba.

Leela Palaces Hotels & Resorts Limited announced that its Board of Directors, in a meeting held on July 31, 2026, has approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The board also approved an investment in Schloss Tadoba Private Limited, a wholly-owned subsidiary. The financial results were accompanied by Limited Review Reports from statutory auditors B S R & Co. LLP. The board meeting commenced at 12:27 PM IST and concluded at 01:30 PM IST. Further details regarding the subsidiary investment are provided in Annexure B.

Leela Palaces Hotels & Resorts Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, along with the Limited Review Reports from statutory auditors B S R & Co. LLP. The company also approved an investment in its wholly-owned subsidiary, Schloss Tadoba Private Limited. The Board meeting commenced at 12:27 PM IST and concluded at 01:30 PM IST. The financial results and review reports are enclosed as Annexure A, and details of the investment are in Annexure B.

Leela Palaces reported a strong year-on-year Q1 FY27 (quarter ended June 30, 2026): consolidated revenue from operations rose ~28% to ₹351.96 Cr (₹274.79 Cr a year ago) and consolidated PAT jumped to ₹48.76 Cr from just ₹8.70 Cr — a 5.6x increase. The optical scale of that profit jump is flattered by a very low year-ago base: Q1 FY26 was the IPO-listing quarter (listed June 2, 2025) still carrying pre-IPO leverage. The real engine is deleveraging — finance costs fell to ₹39.3 Cr from ₹86.0 Cr a year ago after ₹2,300 Cr of IPO proceeds were used to repay borrowings — which, combined with operating leverage, lifted net margin to 13.5% from 2.9%. Operationally the quarter was solid on its own terms: EBITDA grew ~19% YoY to ₹151.9 Cr and operating margin expanded ~380 bps to 40.7% (from 36.9%). The sequential picture looks weak — revenue down 27% and PAT down 72% versus Q4 FY26 (₹484.42 Cr / ₹171.72 Cr) — but this is pure seasonality, which management flags in the notes: Q1 (Apr–Jun monsoon) is the luxury-hotel off-season versus the Jan–Mar peak, so the QoQ drop is not a deterioration. Year-on-year is the fair read, and on that basis the print delivers on management's Q4-concall guidance of double-digit revenue AND EBITDA growth for Q1 driven by a robust domestic market — revenue (~28%) comfortably cleared the bar and EBITDA (~19%) met it. There is no formal Street consensus for this newly-listed name; the quantified pre-result view was management's own double-digit guidance plus Nomura's Buy (TP ₹510) on ultra-luxury demand — both effectively confirmed. Two items temper the group read. Consolidated PBT absorbed a ₹15.6 Cr share of net LOSS from joint ventures/associates (versus roughly nil a year ago), the drag largely from the overseas Sofitel/BKC JV structure, and one subsidiary posted a ₹17.7 Cr net loss. That is why standalone PAT (₹60.86 Cr, aided by ₹40.65 Cr of parent-level other income) sits above consolidated PAT (₹48.76 Cr) — readers comparing the two figures should note the standalone number overstates group profitability. Alongside the results the board approved investing up to ₹120 Cr into wholly-owned subsidiary Schloss Tadoba to fund hotel projects and capex, consistent with the stated FY27 expansion push while management targets occupancy in the low-70s and a stable ~1.6x Net Debt/EBITDA. Concurrent disclosures — revised promoter encumbrance and a 55.91% promoter pledge — are corporate-action noise unrelated to the operating print.

Leela Palaces Hotels & Resorts Ltd has filed a revised disclosure regarding the encumbrance of promoter shares under SEBI SAST Regulations. The disclosure, dated July 30, 2026, pertains to a pledge agreement executed on June 24, 2026, with Catalyst Trusteeship Limited. This agreement involves 18,67,06,528 shares, representing 55.91% of the company's share capital, held by various promoter entities including Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and others. This revised filing incorporates clarifications sought by BSE Limited following an earlier disclosure on July 1, 2026, which referenced a facility agreement from September 2025 with multiple lenders.

Leela Palaces Hotels & Resorts Ltd has announced that its Board of Directors will convene on July 31, 2026. The primary agenda item is the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. In line with SEBI regulations, the trading window for designated persons and their immediate relatives will be closed from July 1, 2026, until 48 hours after the results are declared. The company will also make this information available on its investor website.