Oriental Hotels Ltd

Oriental Hotels Ltd announced that ICRA reaffirmed the ratings for its various instruments, including Long-term – Fund-based Limits of 30.00 with a rating of [ICRA]AA placed on Watch with Positive Implications, and a Short-term – Non-fund based – Sublimit of 20.00 with a rating of [ICRA]A1+; ICRA also reaffirmed Long-term – Fund-based limits of 3, Long-term – Fund-based limits of 30.00 with a rating of [ICRA]AA- placed on Watch with Positive Implications, Short-term – Non-fund based – Sublimit of 20.00 with a rating of [ICRA]A1+, Fund based limits with a rating of AA- on the Long-Term Scale as of September 01, 2026, Fund based limits - Cash Credit of 30.00 with a rating of [ICRA]AA- assigned on September 01, 2026, and Non-fund based limits - LC/BG of 20.00 with a rating of [ICRA]A1+ assigned on September 01, 2026, with no enhancements, assignments, or withdrawals noted beyond the stated Watch with Positive Implications for certain ratings and assignment dates.

Oriental Hotels Ltd announced credit rating actions on its various debt instruments, disclosing information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. CARE Ratings Limited placed Long Term Bank Facilities aggregating to Rs. 47.16 crore and Long Term/Short Term Bank Facilities amounting to Rs. 1.00 crore, both carrying a rating of CARE AA- (RWP), on Rating Watch with Positive Implications, while reaffirming the Short Term Bank Facilities of Rs. 81.86 crore at CARE A1+; CARE Ratings Ltd. reaffirmed its Bank Loan Facilities of Rs. 500 crore at CARE AAA with a Stable outlook, while noting that certain Bank Facilities are under “Review” due to the issuer not cooperating, and CRISIL has assigned a rating of AAA/Stable to a Long Term Bank Loan; additionally, CareEdge Ratings provided a rating reflecting opinions as on the date of the rating, and N/A ratings were also noted with limited information available and a view pending on implications of events on credit risk profile, with a rating report to be communicated separately.

Oriental Hotels Limited (OHL) has approved a scheme of arrangement with The Indian Hotels Company Limited (IHCL) for the amalgamation of OHL into IHCL, according to a regulatory filing. As on March 31, 2026, OHL reported revenue of Rs 500.7 crore and net worth of Rs 480.5 crore, while IHCL reported revenue of Rs 5640.16 crore and net worth of Rs 12766.95 crore. Under the proposed arrangement, IHCL will allot 25 equity shares for every 117 shares held in OHL, with the transaction subject to approvals from the National Company Law Tribunal (NCLT), shareholders, and other regulatory bodies.

Oriental Hotels Limited announced that its members approved the appointment of Mr. Venkatesh Rajagopal and Mr. Suraj Krishna Moraje as directors and independent directors of the company for a term of five years, commencing May 5, 2026, and expiring May 4, 2031. Mr. Rajagopal, formerly an Indian Police Service officer and founder of Celebrity Fashions and Indian Terrain, and Mr. Moraje, founder of the Eka Fellowship and Beyond Trees, are not related to any other director and are not debarred from holding the office of director, according to a filing with the National Stock Exchange of India Ltd. and BSE Ltd.

Net profit of Oriental Hotels declined 20.06% to Rs 5.30 crore in the quarter ended June 2026 as against Rs 6.63 crore during the previous quarter ended June 2025. Sales rose 3.56% to Rs 111.48 crore in the quarter ended June 2026 as against Rs 107.65 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales111.48107.65 4 OPM %21.0323.81 - PBDT22.2222.25 0 PBT13.1913.80 -4 NP5.306.63 -20 Powered by Capital Market - Live

Oriental Hotels will hold a meeting of the Board of Directors of the Company on 15 July 2026.

Oriental Hotels has fixed 23 July 2026 as record date for determining the member eligible to receive final dividend for FY 2026.

Oriental Hotels announced that the 56th Annual General Meeting(AGM) of the company will be held on 30 July 2026.

Oriental Hotels will hold a meeting of the Board of Directors of the Company on 4 May 2026.

Oriental Hotels announced that ICRA has upgraded the credit ratings assigned to the bank facilities of the company to ICRA AA-; Stable / ICRA A1+ from ICRA A+; Stable/ ICRA A1. Powered by Capital Market - Live