Phoenix Township Ltd

HBG Hotels Ltd's Board of Directors met on September 11, 2026, approving a significant increase in authorized share capital from ₹29 Crore to ₹45 Crore. This involves creating an additional 1,60,00,000 equity shares. The board also approved the creation, offer, and allotment of up to 56,65,000 convertible warrants at ₹83 each to promoters and non-promoters, aggregating to approximately ₹47.02 Crore. Additionally, the company will seek shareholder approval for the acquisition of land in Goa Velha from a promoter group entity and for a postal ballot concerning investments, loans, guarantees, and related party transactions.

HBG Hotels Ltd's Board of Directors approved a significant increase in authorized share capital from ₹29 Crore to ₹45 Crore. This includes creating an additional 1,60,00,000 equity shares. The board also approved the creation, offer, issue, and allotment of up to 56,65,000 convertible warrants at ₹83 each to promoters and non-promoters, aggregating to ₹47.02 Crore. Additionally, the acquisition of land in Goa from a promoter group company was approved, subject to shareholder consent. A postal ballot notice will be sent to shareholders for these proposals.

HBG Hotels Ltd (formerly Phoenix Township Limited) has submitted its Annual Report for the financial year 2025-2026, in compliance with SEBI regulations. The report includes the notice for the 33rd Annual General Meeting (AGM) scheduled for September 29th, 2026, to be held via Video Conferencing. The company, part of the Hede Business Group, operates hospitality assets including Park Inn by Radisson Goa, Phoenix Island Resort in Kerala, and Phoenix Castle House in Goa. The report also details the Board of Directors, including Managing Director Mr. Samit Prafulla Hede, Woman Director Mrs. Shibanee Harlalka, Director Mr. Paul David Talbot Willcox, Alternate Director Mr. Arun P. Pawar, and Independent Directors Mr. Dev Kirit Toprani and Mr. Kiran N. Talcherkar.

HBG Hotels Ltd has announced a Board of Directors meeting scheduled for September 11, 2026. The primary agenda items include considering and approving a proposal to increase the company's authorized capital and to raise funds through various instruments like equity shares, warrants, convertible securities, or debt. The board will also discuss related party transactions and seek member approval via postal ballot for the fund-raising initiatives. This move signals potential significant expansion or strategic financial restructuring for the company.

HBG Hotels Ltd announced that its Board of Directors, in a meeting held on August 14, 2026, approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the 33rd Annual General Meeting to be held on September 29, 2026, via VC/OAVM. The Register of Members and Share Transfer Book will be closed from September 23 to September 29, 2026, for the AGM. Key management changes were also approved, including the recommendation for Dr. Prafulla Rajaram Hede as Non-Executive Chairman and Director, and the appointment of Mrs. Varsha Ajay Usgaonkar Sharma as Additional Director (Non-Executive, Independent Director). Various board committees have been reconstituted.

HBG Hotels Ltd announced the outcome of its board meeting held on August 14, 2026. The board approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the company will hold its 33rd Annual General Meeting on September 29, 2026, via VC/OAVM. The Register of Members and Share Transfer Book will be closed from September 23 to September 29, 2026, for the AGM. The board also recommended the appointment of Dr. Prafulla Rajaram Hede as Non-Executive Chairman and Director, subject to member approval. Mrs. Varsha Ajay Usgaonkar Sharma was appointed as Additional Director (Non-Executive, Independent) for a five-year term, effective August 14, 2026, also subject to shareholder approval. Various board committees have been reconstituted.

HBG Hotels Ltd announced board meeting outcomes on August 14, 2026. Key decisions included approving un-audited standalone and consolidated financial results for Q1 FY27, scheduling the 33rd AGM for September 29, 2026, and closing the register of members from September 23-29. The board recommended the appointment of Dr. Prafulla Rajaram Hede (88 years) as Non-Executive Director and Chairman, subject to shareholder approval. Additionally, Mrs. Varsha Ajay Usgaonkar Sharma was appointed as Additional Director (Non-Executive, Independent) for five years, also subject to shareholder approval. Committee reconstitutions were also approved.

HBG Hotels Ltd has announced that its Board of Directors will convene on August 14, 2026, at 4:30 PM in Mumbai. The primary agenda items include the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Additionally, the board will discuss and fix the date for the 33rd Annual General Meeting (AGM). The company has also informed about the closure of the trading window for designated persons from July 1, 2026, until 48 hours after the declaration of the financial results.

HBG Hotels Ltd has announced the closure of its trading window for directors, key managerial personnel, and designated persons. This closure is in effect from July 1, 2026, and will remain so until 48 hours after the declaration of the company's unaudited financial results for the quarter ended June 30, 2026. The trading window will reopen 48 hours after the official announcement of these financial results to the stock exchange. This measure is in compliance with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018 and the company's internal code of conduct.

HBG Hotels Ltd approved the audited standalone and consolidated financial results for the year ended March 31, 2026, as per Regulation 33 of SEBI guidelines. The board also approved the appointment of M/s. Bharat Gupta & Co. as the Internal Auditor for the financial year 2026-2027. The meeting, held on May 29, 2026, also included a declaration of unmodified opinion on the audited financial statements by Bhatter & Company, Chartered Accountants.