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Surrendra Park Hotels LimitedMain BoardEquity2025-04-012026-03-312026-02-042026-01-29INRCroresQuarterlyThird quarterMulti segment2026-02-0418:00:002026-02-0421:00:00Not applicable2025-10-012025-12-31UnauditedConsolidated20006000001490000020155000002533000000-5000003892000001011000001944000006523000001589800000425700000-14000000411700000802000008960000016980000002419000000000241900000-87000002332000002420000000233300000021340000011.131.13001.131.131 The Groups consolidated unaudited financial results for the quarter and nine months ended December 31 2025 have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Ind AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act 2013 as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. <BR> 2 The above unaudited consolidated financial results of the Group for the quarter and ninemonth ended December 31 2025 have been reviewed and recommended by the Audit and Risk Management Committee and approved by the Board of Directors in their respective meetings held on February 04 2025 The Statutory auditors have expressed an unmodified conclusion on these consolidated financial results. <BR> 3 On September 26 2025 the Group acquired control of Zillion Hotels and Resorts Private Limited ZHRPL which owns a hotel property in Juhu Mumbai for a total consideration of Rs 22476 crores FV of purchase consideration Pursuant to the SPA executed between Apeejay Surrendra Park Hotels Limited ASPHL as the Purchaser referred to as the Company and the shareholders of Zillion Hotels and Resorts Private Limited ZHRPL ASPHL would acquire equity stake in ZHRPL for consideration of Rs 20655 crores towards 90 of the shareholder and for the remaining 10 of the equity stake is agreed to be transferred at higher of Rs 235 crores or 8 of fair market value which is expected to be concluded after one year from the commercial operation date As part of the transaction the purchase consideration towards 90 will be discharged through repayment of identified liabilities of ZHRPL of Rs 13096 crores and balance payable to the selling shareholders <BR> The above acquisition meets the criterion of asset acquisition under Ind AS 103 Business Combinations Accordingly fair value of the total consideration amounting to Rs 22476 crores has been allocated towards land and building on the basis of their relative fair values. <BR> 4 On December 22 2025 the Group acquired control of Fishermans Grove Resorts Private Limited FGRPL 100 stake Thali Hotels and Destinations Private Limited Thali ASPHL directly holds 75 stake and balance through FGRPL which owns a hotel property in Kerala for a total consideration of Rs 2050 crores FV of purchase consideration Of this Rs 1630 crores has been paid and balance shall be paid within 10 months of the acquisition. <BR> The above acquisition meets the criterion of asset acquisition under Ind AS 103 Business Combinations Accordingly fair value of the consideration amounting to Rs 2050 crores has been allocated towards land building and plant machinery on the basis of their relative fair values. <BR> 2025-04-012025-12-31UnauditedConsolidated52358000004970000052855000006812000000-5200000114140000021180000055140000017681000004348700000936800000-2280000091400000017520000020040000037560000005384000000000538400000720000054560000053830000010000054550000010000021340000012.522.52002.522.52Other Expenses652300000Other Expenses1768100000Hospitality1997800000Others2800000Hospitality5228000000Others7800000200060000052358000000020006000005235800000Hospitality720700000Others500000Hospitality1698100000Others19000007212000001700000000101100000211800000208400000574200000411700000914000000Hospitality18986200000Others1600000019002200000109110000020093300000Hospitality3460000000Others129000003472900000332780000068007000005 On December 16 2025 the Group entered into a share purchase agreement SPA with Cochin Residency Private Limited CRPL that owns a hotel property Malabar House in Kochi Kerala towards acquisition of 100 of stake in CRPL The said acquisition will take effect within 7 days of issuance of Conditions Precedent CP Satisfaction Certificate Till then the Malabar property will be on lease at a monthly rental of Rs 015 crore from the closing date of the THALIFGRPL SPA ie December 22 2025 The Group has not acquired control of CRPL as the CP conditions have not been met as of December 31 2025 and no payments have been made towards acquisition or lease rentals accordingly no accounting for the aforesaid acquisition has been done in these unaudited consolidated financial results for the quarter and nine months ended December 31 2025 <BR> <BR> 6 a On 21 November 2025 the Government of India notified four Labour CodesCode on Wages 2019 Industrial Relations Code 2020 Code on Social Security 2020 and Occupational Safety Health and Working Conditions Code 2020consolidating 29 existing labour laws The Ministry of Labour Employment has published draft Central Rules and FAQs to facilitate assessment of financial impact due to changes in regulations The Group has assessed and accounted for the incremental impact of these changes with the best information available and guidance from the Institute of Chartered Accountants of India considering the impact is nonrecurring in nature and is driven by regulatory changes the incremental impact of Rs 140 crore has been disclosed under Exceptional Items in these unaudited consolidated financial results for the quarter and ninemonths ended 31 December 2025 The Group continues to monitor the finalisation of Central State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect as and when such clarifications are issued rules are notified. <BR> b During the ninemonth period ended December 31 2025 Apeejay NorthWest Hotels Private Limited ANWHPL wholly owned subsidiary has increased their Authorized Preference Share Capital due to which ANWHPL has incurred a fee of Rs 088 crore which is disclosed as exceptional item in these unaudited consolidated financial results. <BR> 8 The Board of Directors of the Group in their meeting held on May 26 2025 had proposed final dividend on equity shares for the year ended March 31 2025 at the rate of Re 050 per share amounting to Rs 1067 crores The said dividend was approved at the Annual General Meeting of the Group held on September 26 2025 The dividend has been paid in the current quarter. <BR> Re-measurement gain/(losses) on defined benefit obligations-8700000-8700000Re-measurement gain/(losses) on defined benefit obligations75000007500000030000000-87000007200000