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SURRENDRA PARK HOTELS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-262026-05-21INRCroresQuarterlyFourth quarterSingle segmentHospitality2026-05-2618:45:002026-05-2623:00:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-05-26www.theparkhotels.comfalsefalseNot Applicable2026-01-012026-03-31AuditedStandalone17149000008700000172360000021270000006500000431500000663000001740000005662000001457200000266400000-15900000250500000569000006410000012100000001295000000000129500000360000013310000021340000010.610.61000.610.611 The Companys standalone audited financial results for the quarter and year ended March 31 2026 have been prepared in accordance with 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 standalone audited financial results of the Company for the quarter and year ended March 31 2026 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 May 26 2026 The Statutory Auditors have expressed an unmodified opinion on these standalone audited financial results. <BR> 3 The Company is primarily engaged in the business of owning operating and managing hotels Hospitality segment The Board of Directors which has been identified as the Chief Operating Decision Maker CODM reviews the performance of the Company as a single operating segment in accordance with Ind AS 108 Operating Segments ie the Hospitality segment notified pursuant to the Companies Indian Accounting Standard Rules 2015 Accordingly no separate segment information has been furnished herewith. <BR> 4 During the previous quarters pursuant to the approval of the Board of Directors the Company has converted its opening unsecured loan of Rs 7047 crore given to its wholly owned subsidiary Apeejay North West Hotels Private Limited ANWHPL into Optionally Convertible Redeemable Preference Shares OCRPS issued by ANWHPL at a face value of Rs 100 each These OCRPS carry a non cumulative discretionary dividend of 12 percent with a tenure of 10 years and are convertible at face value or redeemable at the option of ANWHPL These OCRPS are recognised as investment in equity instruments and are measured at cost in the books of account of the Company in accordance with Ind AS 27 Separate Financial Statements. <BR> The Company has granted a further loan of Rs 2265 crore during the year ended March 31 2026 During the year the Board of Directors of the Company and the subsidiary have approved the conversion of such loan into OCRPS on the same terms as above. <BR> 2025-04-012026-03-31AuditedStandalone6686500000701000006756600000866300000013000001524000000255300000681500000220140000055298000001226800000-299000001196900000224300000270600000494900000070200000000007020000009700000711700000213400000103.293.29003.293.29Other Expenses566200000Other Expenses2201400000117490000007938000000228100000241100000000207780000006150000039280000025321000001253000002472000001591660000011326000007499000003981000001824000004000000200000771000001411700000400300000294460000018861200000213400000132192000001343260000013432600000104600000012200000002266000000156500000103050000021400000347440000053330000030000000415300000445300000671700000165030000019970000010420000019542000005428600000188612000005 On September 26 2025 the Company 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 crore FV of assets 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 crore towards 90 percent of the shareholding and for the remaining 10 percent of the equity stake is agreed to be transferred at higher of Rs 235 crore or 8 percent 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 percent will be discharged through repayment of identified liabilities of ZHRPL of Rs 13096 crore and balance payable to the selling shareholders The net fair value of the acquisition of the aforesaid transaction amounts to Rs 9380 crore which has been recognized as investment in subsidiaries with a corresponding liability on the date of acquisition As of March 31 2026 76 percent of shareholding has been transferred and balance will be transferred as per the terms and conditions stipulated in the SPA. <BR> 6 On December 22 2025 the Company acquired control of Fishermans Grove Resorts Private Limited FGRPL 100 percent stake and Thali Hotels and Destinations Private Limited Thali ASPHL directly holds 75 percent stake and balance through FGRPL which owns a hotel property in Kerala for a total consideration of Rs 2050 crore FV of purchase consideration The fair value of the consideration payable has been recognized as investment in subsidiaries with a corresponding liability on the date of acquisition Of this Rs 1630 crore has been paid and balance shall be paid within 10 months of the acquisition. <BR> 7 On December 16 2025 the Company 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 percent 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 THALI FGRPL SPA ie December 22 2025 The Company has not acquired control of CRPL as the CP conditions have not been met as of March 31 2026 and no payments have been made towards acquisition or lease rentals Accordingly no accounting for the aforesaid acquisition has been done in these audited standalone financial results for the quarter and year ended March 31 2026. <BR> Other non-current financial assets392800000Other non-current assets247200000Other Financial Assets77100000Other current assets400300000Other non-current financial liabilities1220000000Other non-current liabilities21400000Other current financial liabilities671700000Other current liabilities1997000008 On November 21 2025 the Government of India notified four Labour Codes namely Code on Wages 2019 Industrial Relations Code 2020 Code on Social Security 2020 and Occupational Safety Health and Working Conditions Code 2020 consolidating 29 existing labour laws The Ministry of Labour and Employment has published draft Central Rules and FAQs to facilitate assessment of financial impact due to changes in regulations The Company 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 non recurring in nature and is driven by regulatory changes the incremental impact of Rs 159 crore and Rs 299 crore has been disclosed under Exceptional Items in the standalone financial results for the quarter ended March 31 2026 and for the year ended March 31 2026 respectively. <BR> The Company continues to monitor the finalisation of Central and 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 or rules are notified. <BR> 9 The figures for the quarter ended March 31 2026 and March 31 2025 are the balancing figures between the audited figures in respect of the respective full financial year and the published year to date figures up to the end of third quarter of the relevant financial year which were subjected to limited review. <BR> 10 The Board of Directors of the Company in their meeting held on May 26 2026 has proposed final dividend on equity shares for the year ended March 31 2026 at the rate of Rs 0.75 per share amounting to Rs 16.01 crore The said dividend will be placed for approval at the ensuing Annual General Meeting of the Company. <BR> 207400000-21600000-439000000000-1374000000135000000006815000000001143000000003390000020900000-1180000000-215000000076750000019644000000002882000000167620000000000000340000091180000000000000000002102000000000266000000-938900000-203090000000000000156500000080770000019980000010670000000-208300000242500000-11220000094100000-181000000-18100000Re-measurement losses on defined benefit 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