Advent Hotels International Releases Financial Results for FY2025-26; Announces Strategic Asset Reclassifications

Advent Hotels International Releases Financial Results for FY2025-26; Announces Strategic Asset Reclassifications​

Advent Hotels International Limited (formerly Shiva Realtors Suburban Private Limited) announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company confirmed that these results were approved by the Board of Directors in a meeting held on May 19, 2026, following which the organization dissolved the voluntary Risk Management Committee.

The audited results reflect significant operational changes and strategic asset classifications within the Group. These changes include the reclassification of certain assets as "Assets Held for Sale."

Key Operational and Governance Updates​

During the year ended March 31, 2026, the company undertook several major corporate actions:

• Committee Dissolution: The Board of Directors approved the dissolution of the Risk Management Committee, noting that it had been voluntarily constituted and was not mandatorily required under current regulations.
• Asset Reclassification: Capital Work-in-Progress related to land, amounting to 218,750 lakhs as at March 31, 2026, was reclassified as 'Assets Held for Sale,' pertaining to land approved for transfer to Advent Convention Hotels International Limited.
• Divestment: The company divested its entire 100% interest in Marine Tower Properties LLP during the financial year.

Financial Performance Highlights​

The management presented both standalone and consolidated financials, which were reviewed and approved by the Board of Directors.

Standalone Financial Summary (Rs. In Lakhs)

Consolidated Financial Summary (Rs. In Lakhs)
The consolidated results reflect the business combination achieved through a Composite Scheme of Arrangement sanctioned by the NCLT, Mumbai Bench, effective from April 1, 2025.

Strategic Transactions and Commitments​

The company reported active engagement in strategic investments and liabilities:

• Joint Venture Transfer: The Board approved the transfer of investment and loan to Bamboo Hotel & Global Centre (Delhi) Private Limited (BHGCPL), a Joint Venture where the Group holds a 49% interest. This transaction was subsequently obtained shareholder approval via Postal Ballot after March 31, 2026. Consequently, this investment and loan were reclassified as "Assets Held for Sale" as at March 31, 2026. Borrowings aggregating X1,65,559.29 lakhs due to Valor were also reclassified from Non-Current Borrowings to Other Current Financial Liabilities.
• Real Estate Development: The company, along with Advent Convention & Hotels International Limited and Prestige Group, entered into a framework agreement for the development of a 1.50 million sq.ft. leasable area commercial complex in Sahar, Mumbai. Under this arrangement, Prestige Group is slated to infuse Rs 50,400 lakhs for its 50% equity share, and the group has already advanced Rs 6,000 lakhs towards this framework agreement.
• Restructuring Recovery: The subsidiary and Asset Reconstruction Company (ARC) finalized restructuring terms based on total outstanding as of September 30, 2024. Consequently, X4,783.47 lakhs, representing the amount waived under the sanction, was written back and recognized in the Statement of Profit and Loss for the financial year ended March 31, 2026.

The company also noted that several subsidiaries are involved in tax and regulatory matters related to earlier financial years, including income tax demands aggregating X1,112.88 lakhs pending before the ITAT, and GST demands aggregating X1,478.08 lakhs pending review with GST authorities in Goa and Maharashtra. Management stated that no provision has been recognized for these matters in the consolidated results, maintaining them as contingent liabilities.

ADVENTHTL Stock Price Movement​

Advent Hotels International Limited shares shed 0.73%, closing the trading session on Friday at ₹133.07 after dipping from its previous close. The equity traded within a range spanning from ₹131.7 to ₹135.99, with 67,385 shares being transacted during the day.