Your Company is engaged in the business of owning, operating and managing hotels under the brands The Park, The Park Collection, Zone by the Park, Zone Connect by the Park and Stop by Zone, alongside its iconic F&B Brand, Flurys. As on March 31, 2026, the Company and its subsidiaries operated a portfolio of 42 hotels with 2,677 keys across 32 cities , comprising owned, leased and managed properties. During the year under review, 7 properties aggregating 283 keys were added to the network.
To, The Members,
Your Directors are pleased to present the Thirty Eighth (38th) Annual Report on your Companys operations and performance together with the audited financial statements and the Auditors Report thereon for the financial year ended March 31, 2026.
Your Company is engaged in the business of owning, operating and managing hotels under the brands The Park, The Park Collection, Zone by the Park, Zone Connect by the Park and Stop by Zone, alongside its iconic F&B Brand, Flurys. As on March 31, 2026, the Company and its subsidiaries operated a portfolio of 42 hotels with 2,677 keys across 32 cities, comprising owned, leased and managed properties. During the year under review, 7 properties aggregating 283 keys were added to the network.
The performance of the Company for the financial year ended March 31, 2026 on standalone and consolidated basis is summarized below:
in Crores
| As on March 31, 2026 | As on March 31, 2025 | |||
| Particulars | Consolidated | Standalone | Consolidated | As on March 31, 2025 Standalone |
| Revenue from operations | 707.28 | 668.65 | 631.45 | 605.33 |
| Other Income | 5.72 | 7.01 | 21.90 | 25.34 |
| Total revenues | 713.00 | 675.66 | 653.35 | 630.67 |
| Profit before Finance Costs, Depreciation, Amortisation, exceptional items and Tax (EBITDA) | 223.74 | 216.36 | 230.32 | 225.90 |
| Finance Costs | (29.89) | (25.53) | (16.54) | (15.11) |
| Depreciation | (74.38) | (68.15) | (61.77) | (58.64) |
| Profit before tax | 115.60 | 119.69 | 148.11 | 148.25 |
| Exceptional Items (already included in Profit before tax above) | (3.87) | (2.99) | - | - |
| Profit/(Loss) for the year | 65.72 | 70.20 | 83.60 | 84.93 |
| Total comprehensive income for the year, net of tax | 66.80 | 71.17 | 82.64 | 83.98 |
Financial Year 2025-26 was a defining year for the Companys financial performance. Your Company crossed the 700 crore revenue milestone for the first time and maintained an industry leading 91% year-round occupancy across the properties.
The consolidated total income for the year ending March 31, 2026 was at 713.00 Crores against 653.35 Crores of the previous year.
The Company retained its leadership position in occupancy and RevPAR. The revenue from Food & Beverages increased by 14.09% from 266.30 Crores for FY25 to 303.83 Crores for FY26.
The authorised share capital of the Company as on March 31, 2026 stood at 35,00,00,000 (Rupees Thirty-Five Crore Only) divided into 35,00,00,000 (Thirty-Five Crore) equity shares of face value of 1/- each (Rupees One Only).
As on March 31, 2026, the issued, subscribed and paid-up equity share capital of our Company stood at 21,33,74,246 (Rupees Twenty-One Crore Thirty-Three Lakh Seventy-Four Thousand Two Hundred Forty-Six Only) divided into 21,33,74,246 (Twenty-One Crore Thirty-Three Lakh Seventy-Four Thousand Two Hundred Forty-Six) equity shares of face value of 1/- each (Rupees One Only).
There has been no change in the paid-up share capital of the Company from March 31, 2026 till the date of this Report.
The entire shareholding of the Company is held in dematerialised form.
During the year, the Company has not transferred any amount to General Reserve.
As per Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), the top 1000 listed companies based on the market capitalisation shall formulate a dividend distribution policy. Accordingly, the Dividend Distribution Policy was adopted by the Board of Directors of the Company to set out the parameters and circumstances that will be taken into account by the Board in determining the distribution of dividend to its shareholders and / or retaining profits earned by the Company. The dividend distribution policy is available on the Companys website at https://www.theparkhotels.com/investor-relations/images/site-specific/corporate-site/dividend-distribution-policy.pdf .
In line with the above policy, your Directors have recommended a final dividend of 0.75 (i.e. 75%) per equity share of 1/- each for the financial year ended March 31, 2026, subject to approval of members at the ensuing Annual General Meeting (AGM). The proposed dividend payout based on the outstanding number of shares as on the date of this report, will amount to approx. 16.01 Crores .
The record date for determining the members entitled to receive the final dividend for FY 2025-26, will be Saturday, September 19, 2026 . The final dividend, if approved by the members at the AGM, shall be credited within 30 days from the date of the AGM. In view of the applicable provisions of the Income Tax Act, 1961, dividend paid or distributed by the Company shall be taxable in the hands of the shareholders. Your Company shall, accordingly, make the payment of the final dividend after deduction of tax at source.
As on the date of this report, ICRA Limited rated the Long term-Term Loan to ICRA A+ (Stable) , Long term - Fund-based working capital to ICRA A+ (Stable) , and Short Term - Non-Fund Based limit to ICRA A1 . Further, ICRA Limited rated the Long term/Short term - Unallocated limit to ICRA A+ (Stable)/ICRA A1 .
During the financial year, the Company did not accept any deposits, including from public under Chapter V of the Act. Further, no amount of principal or interest was outstanding as on the balance sheet closure date.
There was no change in the business of Company and its Subsidiary Companies during the Financial Year 2025-26.
As on March 31, 2026, the Company has six subsidiaries , namely:
1. Apeejay Charter Private Limited
2. Apeejay Hotels & Restaurants Private Limited
3. Apeejay North-West Hotels Private Limited
4. Zillion Hotels & Resorts Private Limited
5. Fishermans Grove Resorts Private Limited
6. Thali Hotels and Destinations Private Limited
In terms of Rule 8(5)(iv) of the Companies (Accounts) Rules, 2014, the following companies became subsidiaries of the Company during the financial year 2025-26. No company ceased to be a subsidiary, joint venture or associate company during the year.
i) Zillion Hotels and Resorts Private Limited , which owns a hotel property at Juhu, Mumbai, with effect from September 26, 2025 .
ii) Fishermans Grove Resorts Private Limited and Thali Hotels and Destinations Private Limited , which own a hotel property in Kerala, with effect from December 22, 2025 .
The consideration, terms and accounting treatment for these acquisitions are set out in the Notes to the Financial Statements.
Pursuant to Section 129(3) of the Act, read with Rule 5 of Companies (Accounts) Rules, 2014, a statement containing salient features of financial statements of subsidiaries in prescribed form AOC-1, is annexed to the consolidated financial statements of the Company which forms part of this Annual Report. The said statement also provides the details of performance and financial position of each subsidiary, associate and joint venture and their contribution to the overall performance of the Company.
The Company does not have any joint venture company or an associate company as on March 31, 2026.
In terms of the requirement of Section 136 of the Act, the financial statements of each of the subsidiary companies are available on the Companys website at https://www.theparkhotels.com/investor-relations/annual-reports.html .
The audited financial statements of each subsidiary companies are available for inspection at the Companys registered office. The physical copies of annual financial statements of the subsidiary companies will also be made available to the members of the Company upon request.
The Policy for determining material subsidiaries of the Company is also provided on the Companys website at https://www.theparkhotels.com/images/site-specific/corporate-site/policy-on-material-subsidiaries.pdf . Details of material subsidiaries of the Company as per Regulation 16(1)(c) of Listing Regulations are disclosed in the Report of Corporate Governance forming part of this Annual Report.
During the Financial Year, the following changes took place in the Board:
Mr. Karan Paul (DIN: 00007240), Director of the Company, retires by rotation at the forthcoming Annual General Meeting and being eligible offers himself for re-appointment and an appropriate resolution has also been included as part of the Notice convening the forthcoming Annual General Meeting. The Board, on the recommendation of the Nomination and Remuneration Committee, recommended his re-appointment at the ensuing AGM.
The Board, by way of Circular Resolution passed on March 26, 2026, based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of shareholders, appointed Mr. Raveesh Kumar Bhatia (DIN: 11618896) as an Additional Director in the capacity of Independent Director of the Company for a term of five (5) years with effect from March 27, 2026, upto March 26, 2031. Approval of shareholders was obtained by Postal Ballot by way of E-Voting, which concluded on June 13, 2026 and Scrutinisers Report was submitted on June 16, 2026.
Mr. Suresh Kumar (DIN: 02741371) , Independent Director and Chairperson of Audit and Risk Management Committee, retired from the Board with effect from the close of business hours on March 28, 2026, upon completion of his stipulated tenure. The Board placed on record its appreciation for the immense benefit the Company has gained from Mr. Kumar as a mentor and a guide to the Company and for giving his valuable time despite his busy schedule and contributing to the successful IPO of the Company.
During the Financial Year, there was no change in the Key Managerial Personnel.
In the opinion of the Board, all the directors, including the aforesaid directors, possess the requisite qualifications, experience, expertise, proficiency and hold high standards of integrity.
Brief resume, nature of expertise, disclosure of relationships between directors inter-se, details of directorships and Committee membership held in other companies of the Directors proposed to be appointed/re-appointed, along with their shareholding in the Company, as stipulated under Secretarial Standard-2 and Regulation 36 of the Listing Regulations, is appended as an Annexure to the Notice of the ensuing AGM.
Pursuant to the provisions of Section 203 of the Act, the Key Managerial Personnel of the Company as on March 31, 2026, are:
Pursuant to Section 149(7) of the Act, the Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Act, as amended, read with Rules framed thereunder and Regulation 16(1)(b) of the Listing Regulations. In terms of Regulation 25(8) of the Listing Regulations the Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties with an objective independent judgement and without any external influence and that they are independent of the management.
The Independent Directors have also confirmed that they have complied with the Companys Code of Conduct and that they are registered on the databank of Independent Directors maintained by the Indian Institute of Corporate Affairs. The Directors have further confirmed that they are not debarred from holding the office of director under any SEBI order or any other such authority.
The Board is of the opinion that all the Independent Directors are persons of integrity and possess relevant expertise and experience and their continued association as Directors will be of immense benefit and in the best interest of the Company.
The Board of Directors of the Company have taken on record the aforesaid declaration and confirmation submitted by the Independent Directors.
The Board of Directors recognises that diversity in background, gender, age, geographical representation, skills, knowledge and viewpoints enhances decision-making and supports long-term sustainable growth. We are committed to fostering an inclusive boardroom culture and maintaining a composition that reflects the diversity of the global community we serve.
In line with Section 178 of the Companies Act and the SEBI Listing Regulations, the Board has implemented a Policy on Nomination, Remuneration and Board Diversity. This policy outlines the principles for appointing Directors, Key Managerial Personnel (KMPs), Senior Management and other designated employees, along with guidelines for their remuneration structure and related disclosures.
During the reporting year, the Company undertook a thorough review of this Policy to ensure that the remuneration framework for Non-Executive Independent Directors aligns with leading global standards. The Policy can be accessed at https://www.theparkhotels.com/pdf/policy-on-nomination-remuneration-board-diversity.pdf .
In terms of Regulation 25(7) of the Listing Regulations, the Company familiarizes its Directors about their role and responsibilities at the time of their appointment through a formal letter of appointment. The format of the letter of appointment/re-appointment is available on our website at https://www.theparkhotels.com/images/site-specific/corporate-site/policy-on-familiarization-of-independent-directors.pdf .
In terms of the provisions of Section 178 of the Act read with Rules issued thereunder and Regulation 19 read with Part D of Schedule II of the Listing Regulations, the Board of Directors in consultation with Nomination and Remuneration Committee has formulated a framework for evaluation of the Board, Board Committees and Individual Directors including the Independent Directors, Chairman and Managing Director & Chief Executive Officer.
During the financial year, customized questionnaires were distributed to all Board members, and their responses were analyzed. The results were discussed by the Board, and recommendations from the evaluation process were considered to enhance the Boards effectiveness. A detailed update on the Board Evaluation is included in the Corporate Governance report within this Annual Report.
In compliance with the statutory requirements and best practices, the Company has constituted various committees viz. Audit & Risk Management Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility (CSR) Committee.
Apart from the above Committees, the Company has also formulated operating Committee viz. Committee of Directors to handle day to day operational matters of the Company.
During the year under review, all the recommendations made by the Committees of the Board, including the Audit & Risk Management Committee, were accepted by the Board.
The Board of Directors met four times during the financial year 2025-26. A detailed update on the Board, its composition, governance of various Board Committees including their detailed terms of reference, meetings held and attendance of Directors at such meetings is provided in the Corporate Governance report, which forms part of this Annual Report.
During the financial year 2025-26, the Company held four Board Meetings on May 26, 2025, August 08, 2025, November 11, 2025 and February 04, 2026 respectively. The intervening gap between any two consecutive Board Meetings did not exceed 120 days, as required under Section 173 of the Act and Regulation 17(2) of the Listing Regulations.
The Company is committed to maintain the highest standard of corporate governance and adopting the best corporate governance practices adhering to the provisions of the Listing Regulations. A detailed report on the Corporate Governance pursuant to the requirements of the Listing Regulations forms part of the Annual Report.
A certificate from the Statutory Auditors of the Company, S.R. Batliboi & Co. LLP, Chartered Accountants , confirming compliance of conditions of corporate governance as stipulated in the Listing Regulations is annexed as Annexure-E to this report.
In terms of the provisions of Section 139 of the Act, the members of the Company at the 34th Annual General Meeting (AGM) held on September 29, 2022, approved the re-appointment of M/s S.R. Batliboi & Co. LLP, Chartered Accountants (Firm Registration No. 301003E/E-300005) , as the statutory auditors of the Company for a second term of five consecutive years to hold office until the conclusion of the 39th AGM of the Company to be held in the year 2027.
Further, they are qualified to continue as Statutory Auditors of the Company and satisfy the independence criteria in terms of the applicable provisions of the Act and Code of Ethics issued by the Institute of Chartered Accountants of India.
The Board has duly examined the Statutory Auditors Report to the financial statements, which are self-explanatory. The clarifications, wherever necessary, have been included in the Notes to financial statements section of this Annual Report. The report does not contain any observation, disclaimer, qualification, or adverse remarks.
The auditors have not reported any fraud u/s 143(12) of the Act, and therefore, no details are required to be disclosed under Section 134(3)(ca) of the Act.
In accordance with the provisions of Section 204 of the Companies Act, 2013 and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, M/s Sushil Tiwari & Associates, Practicing Company Secretary , were appointed as the Secretarial Auditors of the Company for a term of five consecutive years commencing from the financial year 2025-26 up to the financial year 2029-30, pursuant to the approval of the shareholders at the Annual General Meeting.
The Secretarial Auditor has conducted the Secretarial Audit of the Company for the financial year ended March 31, 2026, and submitted the Secretarial Audit Report to the Board of Directors on the compliance of the applicable provisions of the Companies Act, 2013, SEBI Regulations and other applicable laws. The Secretarial Audit Report does not contain any qualification, reservation, adverse remark or disclaimer. The said firm holds a valid peer review certificate issued by the Institute of Company Secretaries of India and has confirmed its eligibility and independence. The Secretarial Audit Report forms part of this Report and is annexed herewith as Annexure-A .
Further, pursuant to Regulation 24A of the SEBI Listing Regulations, M/s Sushil Tiwari & Associates, Practicing Company Secretary, have also issued the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, confirming compliance by the Company with the applicable SEBI Regulations and circulars/guidelines issued thereunder.
Pursuant to the provisions of Section 138 of the Act, the Company has appointed M/s. A. Mukhopadhyay & Co., Chartered Accountants and M/s S S Kothari Mehta & Co. LLP, Chartered Accountants , as the Joint Internal Auditors for Financial Year 2025-26 for conducting internal audit of the Company.
Maintenance of cost records as specified by the Central Government under Section 148 (1) of the Act is not applicable to the Company.
The Company has in place a mechanism to identify, evaluate and mitigate the operational, strategic and external environment risks to key business objectives. The Company fulfills its legal requirements as per the statute in monitoring and mitigating the risks through regular review of its overall operations and improving work place safety continues to be the top priority. As of now, the Directors do not envisage any element of risk which may threaten the existence of the Company.
The Board of Directors has constituted the Audit & Risk Management Committee to identify key risks across the Company and prioritise relevant action plans to mitigate these risks. The Risk Management framework is reviewed periodically by the Board and the Audit & Risk Management Committee.
The details pertaining to the composition, meetings and terms of reference of the Audit & Risk Management Committee are included in the Report on Corporate Governance which forms part of the Annual Report.
As required under Section 134(3)(q) of the Companies Act 2013 read with Rule 8(5)(viii) of Companies (Accounts) Rules, 2014, the Company has in place proper and adequate internal financial control system commensurate with the size, scale, complexity and nature of its business operations. Proper policies and procedures are adopted ensuring the orderly and efficient conduct of business, including safeguarding of its assets, prevention and detection of errors and frauds, accuracy and completeness of the accounting records and timely preparation of reliable financial information and the same is reviewed at regular intervals depending upon situation of business of the Company. The Companys management has assessed the effectiveness of the Companys internal financial control over financial reporting as of March 31, 2026. The Statutory Auditors of the Company have, in their Report on Internal Financial Control, certified that the same are adequate in all material respects.
Present internal financial control measures are tested over time and no material reportable weakness in the design or operation was observed. The Internal financial controls of the Company have been further discussed in detail in the Management Discussion & Analysis section.
The Company has a Vigil Mechanism - a Whistle Blower Policy in place for its Directors and employees to report concerns and issues in accordance with Section 177(9) of the Companies Act, 2013. In terms of the said Policy, the directors and employees of the Company can make protected disclosures through a letter to the Ethics Counsellor or to the Chairman of the Audit & Risk Management Committee. The Whistle Blower Policy of the Company is disclosed on the Companys website at https://www.theparkhotels.com/images/site-specific/corporate-site/whistle-blower-policy.pdf .
During the year ended on March 31, 2026, the Company did not receive any complaint under the scheme.
The Company has in place the requisite Internal Complaints Committee as envisaged in the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 for providing a redressal mechanism pertaining to sexual harassment of employees at workplace. During the financial year 2025-26, fifteen complaints were received and disposed off within the statutory period and no complaints were pending as at March 31, 2026.
Further, details regarding the policy, including the details of the complaints received and disposed-off are provided in the Report on Corporate Governance and Business Responsibility & Sustainability Report, which forms part of this Annual Report.
Your Company regards its people as central to the delivery of its guest proposition. As on March 31, 2026, the Company had 2366 employees on its rolls. During the year, the Company continued to invest in training, leadership development and workplace diversity, and industrial relations remained cordial. A detailed discussion on human capital forms part of the Management Discussion and Analysis and the Business Responsibility and Sustainability Report.
As on March 31, 2026, the Company has Employee Stock Option Plan 2023 in place to retain the talented employees with the approval of Shareholders of the Company. The said scheme is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (ESOP Regulations). The Nomination and Remuneration Committee monitors the Companys ESOP scheme.
Pursuant to the provisions of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, a disclosure with respect to ESOP Plan of the Company as on March 31, 2026, is available on the website of the Company at https://www.theparkhotels.com/investor-relations/corporate-governance.html .
During the year under review, there were no material changes in the aforesaid ESOP Scheme of the Company and the ESOP scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. A certificate from Mr. Arup Kumar Roy, Practicing Company Secretary, Kolkata , certifying that the scheme(s) are implemented in accordance with the ESOP Regulations and the resolutions passed by the Members of the Company, are available for inspection by the Members in electronic mode and copies of the same will also be available for inspection at the registered office of the Company and during the AGM.
Your Company is committed to creating long-term sustainable value by aligning social initiatives with business objectives. Since inception, giving back to the communities that support our growth has been a priority.
In accordance with the provisions of Section 135 of the Act read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, the Company has in place a Corporate Social Responsibility Policy recommended by Corporate Social Responsibility (CSR) Committee and approved by the Board. The Policy is available on the website of the Company at https://www.theparkhotels.com/images/site-specific/corporate-site/csr-policy.pdf .
In terms of applicable provisions of Section 135 of the Act, the Company was obligated to contribute an amount of 1.996 Crores towards CSR activities during FY 2025-26. Out of the said amount, 0.53 crores was spent during the year and the unspent amount of 1.46 crores has been dealt with in accordance with Sections 135(5) and 135(6) of the Act.
The details of the Policy and the Annual Report on Corporate Social Responsibility (CSR) activities for the financial year 2025-26 are given in the statement attached to this Report and marked as Annexure-B .
The details pertaining to the composition, meetings and terms of reference of the CSR Committee are included in the Report on Corporate Governance which forms part of the Annual Report.
Pursuant to Regulation 34 of the SEBI Listing Regulations, the Business Responsibility & Sustainability Report (BRSR) on initiatives taken from an environmental, social and governance perspective in the prescribed format, is available as a separate section of this Integrated Annual Report and on the Companys website viz. https://www.theparkhotels.com/investor-relations/annual-reports.html .
Pursuant to Regulation 34(2)(e) of the Listing Regulations, a detailed Management Discussion and Analysis Report for the Financial Year under review is presented in a separate section, forming part of the Annual Report.
All transactions with Related Parties, as defined under the Companies Act, 2013, were entered into in the ordinary course of business and on an arms length basis and do not attract the provisions of Section 188 of the Act. During the year, the Company had not entered into any contract/ arrangement/transactions with Related Parties which could be considered as material. Thus, disclosure in Form AOC-2 is not required.
In accordance with Indian Accounting Standards (Ind AS-24), the details of Related Party Transactions are set out in the Notes to the Standalone & Consolidated Financial Statements.
A detailed note on the procedure adopted by the Company in dealing with contracts and arrangements with Related Parties is provided in the Report on Corporate Governance, which forms part of the Annual Report.
The Policy on the Related Party Transactions is available on the website of the Company at https://www.theparkhotels.com/images/site-specific/corporate-site/policy-on-related-partytransactions.pdf .
Disclosures relating to remuneration of Directors and Employees u/s 197(12) of the Companies Act, 2013 read with Rule 5(1), 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are annexed as Annexure-D to this report.
In terms of the first proviso to Section 136(1) of the Act, the Annual Report is being sent to the members excluding the particulars of employees required under Rule 5(2) and Rule 5(3). The said information is available for inspection at the registered office up to the date of the AGM and any member may obtain a copy on request to the Company Secretary.
As required pursuant to Section 92(3) of the Companies Act, 2013 read with rules made thereunder, the Annual Return of the Company in Form MGT-7 has been placed on the website of the Company, https://www.theparkhotels.com/investor-relations/annual-reports.html .
The Annual Return will be electronically submitted to the Registrar of Companies within the timelines prescribed under the Act.
The details of energy conservation, technology absorption and foreign exchange earnings and outgo as required under Section 134(3) of the Companies Act, 2013, read with the Rule 8 of Companies (Accounts) Rules, 2014 is annexed herewith as Annexure-C to this report.
Particulars of loans given, investment made, guarantees given, if any, and the purpose for which the loan or guarantee and investment is proposed to be utilized are provided in the Notes to Financial Statement.
During the financial year 2025-26, the Company has complied with the applicable provisions of the Secretarial Standards (SS-1 and SS-2) relating to Meetings of the Board of Directors and General Meetings issued by the Institute of Company Secretaries of India and notified by Ministry of Corporate Affairs in terms of the provisions of Section 118 of the Act.
There are no unclaimed dividends during the past seven years. Therefore, the Company was not required to transfer any amount and/or shares to the Investor Education and Protection Fund.
In accordance with Rule 7(2A) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, Ms. Shalini Keshan, Company Secretary and Compliance Officer , has been appointed as the Nodal Officer of the Company.
The Equity Shares of the Company are registered with National Securities Depository Ltd. (NSDL) & Central Depository Services (India) Limited (CDSL) for having the facility of Dematerialization of shares and its ISIN is INE988S01028 .
There were no material changes or commitments affecting financial position of the Company occurring between the dates of financial statement & the Boards Report.
The Central Government has not mandated maintenance of cost records in respect of products/services of the Company under Section 148(1) of the Companies Act, 2013 and accordingly such accounts and records are not required to be maintained.
During the year, no significant and/or material order was passed by any Regulator, any Court in India or any Tribunal impacting the going concern status and the Companys operations in future.
A statement containing additional information, as required under Clause IV of Section II of Part II of Schedule V of the Companies Act, 2013, is provided in the Report on Corporate Governance, which forms part of this Annual Report.
The Company is compliant with the applicable provisions of the Maternity Benefit Act, 1961 and has policies, systems and processes in place to ensure ongoing compliance.
There is no proceeding pending under the Insolvency and Bankruptcy Code, 2016.
There was no instance of one-time settlement with any Bank or Financial Institution.
The Company does not have any holding company.
The Managing Director and the Chairperson of the Company do not receive any remuneration or commission from the subsidiary companies.
The other disclosures not commented upon in this report, pursuant to Section 134 of the Companies Act, 2013 read with rules, are not applicable to the Company for the financial year under review.
Pursuant to Section 134(5) of the Companies Act, 2013, the Directors to the best of their knowledge and belief confirm that;
I. in preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanations relating to material departures;
II. the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit of the company for that period;
III. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the Company and for detecting fraud and other irregularities;
IV. the Directors had prepared the annual accounts on a going concern basis;
V. the Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and
VI. the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
The Board wishes to place on record its sincere appreciation and gratitude to the Government of India and State Governments, various Government Agencies and Regulatory Authorities, Banks, other business associates, vendors and the valued customers for their continued support and confidence in the Company. Your Directors also take this opportunity to thank all employees for sharing the Companys vision and philosophy and for their commitment, dedication and co-operation.
For and on behalf of the Board of Directors of
Date: May 26, 2026 Place: Delhi
Priya Paul Chairperson & Whole Time Director DIN: 00051215
Vijay Dewan Managing Director DIN: 00051164
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
