Lemon Tree Hotels Limited announced the outcome of its Board meeting held on August 7, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the Board approved the appointment of Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director, effective April 1, 2027.
Board Meeting Outcome
Lemon Tree Hotels Limited disclosed key decisions made during its Board of Directors meeting on August 7, 2026. The meeting, which commenced at 05:30 P.M. and concluded at 08:30 P.M., addressed several critical agenda items concerning the company’s financial performance and leadership structure.
Financial Results Approved
The Board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. These results, along with the Limited Review Report from the company’s statutory auditors, have been made available. The financial figures highlight the company’s performance during the first quarter of the fiscal year.
Leadership Appointments
In a significant governance change, the Board, based on the recommendation of the Nomination and Remuneration Committee and subject to shareholder approval, has approved the appointment of Mr. Patanjali Govind Keswani as the Chairman and Non-Executive Director. This appointment will be effective from April 1, 2027. Mr. Keswani’s current tenure as Chairman and Executive Director concludes on March 31, 2027, after which he will transition to his non-executive role to support the company’s succession plan and long-term vision.
Joint Venture for Project Development
The Board also approved the execution of a Joint Venture Agreement (JVA) between Carnation Hotels Private Limited (a wholly-owned subsidiary) and RJ Corp Limited. This JVA pertains to Arum Hotels Private Limited, a Special Purpose Vehicle established for the development of the Aurika Shillong project. Under the JVA, Carnation Hotels will hold 51% of the equity share capital of Arum, while RJ Corp will hold the remaining 49%.
Trading Window Closure
Following the declaration of the financial results for the quarter ended June 30, 2026, the ‘Trading Window’ for all Directors, Promoters, Connected Persons, Designated Persons, and their immediate relatives will open after 48 hours.
Source: BSE
