Best Eastern Hotels Ltd — Updates, 22-05-2025: Company Update

Best Eastern Hotels Ltd. has announced a board meeting to consider the financial results for the quarter and half-year. The company reported total income from operations of Rs. 140.38 lakh for the latest quarter and Rs. 637.60 lakh for the year. It posted a net loss after tax of Rs. 3.42 lakh for the quarter and a net profit of Rs. 1.03 lakh for the year. Total comprehensive income was negative Rs. 4.68 lakh for the quarter and a loss of Rs. 0.73 lakh for the year. The Board declared a dividend of Rs.1 per fully paid preference share. The company operates solely in the hospitality segment.

Additionally, possession notices have been issued by the Mumbai District Central Co-operative Bank Ltd. against judgment debtors for defaulted payments of Rs. 8.33 lakh and Rs. 21.76 lakh respectively, with properties in Mumbai taken into possession. This indicates ongoing recovery actions impacting the related parties but is unrelated to the company’s core operations.