Jindal Hotels Ltd — Board Meeting, 22-07-2025: Board Meeting

JINDAL HOTELS LIMITED

Regd. Office :GRAND MERCURE Vadodara Hotel Surya Palace, Sayajigunj, Vadodara – 390 020

Phone No. : 0265-2363366,2226000,2226226Fax No. : 0265-2363388 Website : www.suryapalace.com

CIN No.: L18119GJ1984PLC006922e-mail :share@suryapalace.com

To, Date: 22nd July, 2025

DCS-CRD

BSE Limited Code No 7918

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai-400 001

Script Code: 507981

Subect: Outcome of Board Meeting - Submission of Uaudited Standalone Financial Results for the 1st

Quarter of FY 2025-26 ended on 30th June, 2025 under Regulation 30 & 33 of SEBI {Listing Obligations and

Disclosure Requirements}, Regulations, 2015 & amendments.

Listing Regulation: Disclosure under Reg. 30 read with Para A of Part A of Schedule III, Reg. 33 & all other

applicable Regulations, if any, of the SEBI (LODR) Regulations, 2015, (Listing Regulations) as amended from

time to time.

Dear Sir,

With reference to the above, we wish to inform the Exchanges that the Board of Directors of the Company at

their Meeting held today i.e. July 22, 2025 have approved and taken on record the following items:

 Unaudited Standalone Financial Results for the 1st Quarter of FY 2025-26 ended on 30th June, 2025. The

financial results will be published in newspaper as required in above regulation. (Annexure – A)

 Limited Review Report by Statutory Auditors on Standalone Unaudited Financial Results for the quarter

ended on 30th June, 2025. (Annexure – B)

 The Board of Directors on recommendation Nomination & Remuneration Committee Re-appointed Mr.

Piyush D. Shah as Managing Director of the Company for a further period of three years from August 1,

2025 to July 31, 2028 (both days inclusive), subject to approval of shareholders and such other approvals

as may be required. (Annexure -C)

The Meeting commenced at 12:30 P.M. and concluded at 5:30 P.M.

Please find the same in order and kindly take them on your record.

Thanking you.

Your Faithfully,

For Jindal Hotels Limited

Mansi Vyas

Company Secretary

Enclosed: As above

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JINDAL HOTELS LIMITED

Regd. Office :GRAND MERCURE Vadodara Hotel Surya Palace, Sayajigunj, Vadodara – 390 020

Phone No. : 0265-2363366,2226000,2226226Fax No. : 0265-2363388 Website : www.suryapalace.com

CIN No.: L18119GJ1984PLC006922e-mail :share@suryapalace.com

(Annexure - C)

The Details as required under Regulation 30 of the Listing Regulations read with SEBI Master

Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

1. Reason for change viz.

appointment, reappointment,

resignation, removal,

death or otherwise

Re-appointment of Mr. Piyush D. Shah (DIN:

00010884) as Managing Director of the

Company for a period of 3 consecutive years.

2. Date of appointment /re-appointment

/cessation (as applicable) & term of

appointment/re-appointment;

Re-appointed for a further period of three

years from August 1, 2025 to July 31, 2028

(both days inclusive), subject to the approval of

shareholders of the Company.

3. Brief profile (in case of appointment) Mr. Piyush D. Shah, aged 73 years holds a

degree of Commerce and Bachelors in Law.

Since 4th May, 1984 he had occupied the

position of joint Managing Director and

thereafter from 1st August, 1990 he has been

Managing Director of the Company. He looks

after the overall operations of the Company.

Mr. Piyush D. Shah has vast and enriched

experience of more than 40 years in Hotel

Industry. He is one of the Promoter Directors of

Jindal Hotels Limited since 1984. He oversees

the operation of the Company wholly and

renders uninterrupted outstanding services.

The business strategies are based on his wide

experience in all core areas of the Company's

operation.

Under his leadership, the Company has

received various awards viz.: The First

RunnerUp award in Travel & Tourism Category

at ICICI Bank and CNBC TVI8's Emerging India

Awards 2008 powered by CRISIL and

NASSCOM- CNBC IT User Award, 2008 for the

best IT Adoption in the Tourism Sector. Trip

Advisor Award continuously for many years.

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JINDAL HOTELS LIMITED

Regd. Office :GRAND MERCURE Vadodara Hotel Surya Palace, Sayajigunj, Vadodara – 390 020

Phone No. : 0265-2363366,2226000,2226226Fax No. : 0265-2363388 Website : www.suryapalace.com

CIN No.: L18119GJ1984PLC006922e-mail :share@suryapalace.com

4 Disclosure of relationships between

directors (in case of appointment of a

director).

Mr. Piyush D. Shah is a founder promoter of

the Company. Ms. Chanda Agrawal Non-

Executive Director (NED) is spouse, Mr. Satvik P

Agrawal(NED) is son.

5. Information as required pursuant to

BSE Circular with ref. no.

LIST/COMP/14/2018- 19 dated 20 June

2018.

Mr. Piyush D. Shah is not debarred from

holding the office of director by virtue of any

SEBI order or any other such authority.

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