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Mahindra Holidays & Resorts India will hold a meeting of the Board of Directors of the Company on 22 July 2026.

Mahindra & Mahindra announced that its subsidiary Mahindra Holidays & Resorts India (MHRIL) has completed the acquisition of 100% equity stake in Aditatva Estates (Aditatva) on 15 June 2026, for an aggregate consideration of Rs. 37.5 crore. Consequently, Aditatva has become a wholly owned subsidiary of MHRIL and, as such, a step down subsidiary of the Company with effect from 15 June 2026. Aditatva is engaged in coffee plantation business on a ~50 acre land parcel located in Chikmagalur, Karnataka. Upon completion of the acquisition of Aditatva, MHRIL will be the owners of all the assets including the said land parcel, which is proposed to be utilized for thedevelopment of a leisure resort.

The board of Mahindra Holidays & Resorts India at its meeting held on 05 May 2026 has approved the following:Resignation of Vimal Agarwal as Chief Financial Officer with effect from 30 June 2026 on account of his transition to a new role within the Mahindra Group. Appointment of Rajiv Vimal as Chief Financial Officer with effect from 01 July 2026.

Mahindra Holidays & Resorts India announced that the 30th Annual General Meeting(AGM) of the company will be held on 22 July 2026.

Net profit of Mahindra Holidays & Resorts India declined 43.13% to Rs 41.56 crore in the quarter ended March 2026 as against Rs 73.08 crore during the previous quarter ended March 2025. Sales rose 5.32% to Rs 820.29 crore in the quarter ended March 2026 as against Rs 778.83 crore during the previous quarter ended March 2025.For the full year,net profit declined 45.52% to Rs 69.51 crore in the year ended March 2026 as against Rs 127.59 crore during the previous year ended March 2025. Sales rose 7.58% to Rs 2991.74 crore in the year ended March 2026 as against Rs 2780.85 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales820.29778.83 5 2991.742780.85 8 OPM %24.0426.24 -20.5820.78 - PBDT173.95194.28 -10 559.00558.54 0 PBT65.32102.41 -36 149.71192.53 -22 NP41.5673.08 -43 69.51127.59 -46 Powered by Capital Market - Live News