Interim report
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lemon tree HOTELS August 7 , 2026 National Stock Exchange of India Limited Exchange Plaza , Bandra Kurla Complex , Bandra ( East ) Mumbai - 400 051 Name of Scrip : LEMONTREE Subject : Ref : BSE Limited Phiroze Jeejeebhoy Towers Dalal Street , Mumbai - 400 001 BSE Scrip Code : 541233 Outcome of Board Meeting held on August 7 , 2026 Regulation 30 and 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( “ Listing Regulations " ) Dear Sir / Madam , In compliance with Regulations 30 and 33 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " Listing Regulations " ) , this is to inform that the Board of Directors of Lemon Tree Hotels Limited ( " the Company " ) at its meeting held today , i.e. August 7 , 2026 ( which commenced at 05:30 P.M. and concluded at 08:30 P.M. ) has inter - alia considered and approved the following : 1 ) Un - Audited Standalone & Consolidated Financial Results ( “ Financial Results ” ) for the quarter ended June 30 , 2026 along with the Limited Review Report thereon issued by the Statutory of the Company ( copy enclosed ) ; 2 ) Mr. Patanjali Govind Keswani ( DIN : 00002974 ) , who was appointed as Chairman and Executive Director of the Company for a period of 18 ( Eighteen ) months with effect from October 1 , 2025 , shall complete his current tenure on March 31 , 2027 . Based on the recommendation of the Nomination and Remuneration Committee , subject to the approval of the shareholders , the Board has approved the appointment of Mr. Patanjali Govind Keswani ( DIN : 00002974 ) as Chairman and Non - Executive Director of the Company with effect from April 1 , 2027 . 3 ) In continuation of the Company's earlier disclosures dated December 04 , 2024 and January 31 , 2025 , the Board of Directors has approved the execution of a Joint Venture Agreement ( " JVA " ) between Carnation Hotels Private Limited ( " Carnation " ) , wholly owned subsidiary of the Company , and RJ Corp Limited ( " RJ Corp " ) in respect of Arum Hotels Private Limited ( " Arum " ) , the Special Purpose Vehicle ( " SPV " ) established for the development and execution of the Aurika Shillong project . Pursuant to the terms of the JVA , Carnation shall hold 51 % of the equity share capital of Arum , while RJ Corp Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg . Office : Lemon Tree Corporate Park , Urban Complex , Ullahawas , Sector 60 , Gurugram , Haryana - 122011 Corporate Office : Asset No. 6 , Aerocity Hospitality District , New Delhi - 110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation : +91 9911 701 701 | www.lemontreehotels.com
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Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation: +91 9911 701 701| www.lemontreehotels.com Further, details regarding appointment as required in terms of Regulation 30 of Listing Regulations, as amended, read with SEBI Master Circular No. HO/49/14/14(7)2025 -CFD- POD2/I/3762/2026 dated 30th January, 2026 are enclosed as Annexure A. The Financial Results shall also be made available on the website of the Company at www.lemontreehotels.com This is for your information and record please. Thanking You For Lemon Tree Hotels Limited Pawan Kumar Kumawat Company Secretary & Compliance Officer M. No: A25377 Encl: a/a
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Chartered Accountants DeIOitte 7th Floor Bultding 0 Tower B Haskins & SellsLLP DLE Gl Gty Comoln Gurugram-122 002 Haryanz, India Tel: +91 124 673 2000 Fax: +31 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF LEMON TREE HOTELS LIMITED 1, N Regd. Office: One International Center, Tower 3, 31st floor, Senapat! Bapat Mars, Elphinstone Road (West), Mumbai-400 013, Deloltte Haskins & Sells LLP is reglstered with Limited Liability having L.LP Icentification No: AAB-8737 We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Lemon Tree Hotels Limited (“the Holding Company”), Limited liability partnership firm and its subsidiaries (the Holding Company, firm and its subsidiaries together referred to as “the Group”), and its share of the net loss after tax and other comprehensive income of its associates for the quarter ended June 30, 2026 (“the Statement”) being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations”). This Statement, which is the respoasibility of the Holding Company’s Management and approved by the Holding Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34"}, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “"Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Holding Company’s personnel responsible for financial and acceunting matters, and applying analytical and other review procedures. A review s substantially less in scope than an audit cenducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We aiso performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Reguirements) Regulations, 2015, as amended, to the extent applicable. . The Statement includes the results of the foliowing entities: [S. No | Name of the entity Relationship 1. Lemon Tree Hotels Limited Holding Company 120 Canary Hoteis Private Limited ; Wholly owned subsidiary | compan 3. Sukhsagar Complexes Private Limited | Wholly owned subsidiary company 4. Oriole Dr Fresh Hotels Private Limited Wholly owned subsidiary I i compan i 5. Lemon Tree Hotel Company Private ! Wholly owned subsidiary } Limited company.
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Deloitte Haskins & SellsLLP S. No | Name of the entity [ Relationship 6. ¢ Red Fox Hotel Company Private Limited Wholly owned subsidiary . compan 7. Arum Hotels Private Limited Whelly owned subsidiary ! company 8. Carnation Hotels Private Limited Wholly owned subsidiary 1 compan 9. Manakin Resorts Private Limited Wholly owned subsidiary company . 10. Hamstede Living Private Limited Wholly owned subsidiary company i1, Totally Foxed Solutions Private Limited Wholly owned subsidiary compan 12, Fleur Hotels Limited (formerly known as | Subsidiary company Fleur Hotels Private Limited) 13. Hyacinth Hotels Private Limited Subsidiary company 14. Iora Hotels Private Limited Subsidiary company 15. Nettle Hotels Private Limited Subsidiary compan: 16. Madder Stays Private Limited Subsidiary company 17. Berggruen Hotels Private Limited Subsidiary company 18. Celsia Hotels Private Limited Subsidiary company 19. Inovoa Hotels and Resorts Limited Subsidiary company 20. Ophrys Hotels Private Limited Subsidiary company 21, Bandhav Resorts Private Limited Subsidiary company 22, Mind Leaders Learning India Private | Associate company Limited 23. Pelicaan Facilities Management Private | Associate company Limited 24. Glendale Marketing Services Private | Associate company Limited 25. Mezereon Hotels LLP Limited Liability Partnership Firm 26. Krizm Hotefs Private Limited Employee | Trust Welfare Trust (included in standalone financial results of the Holding Company) | Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to befieve that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regutation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. We did not review the interim financial results of Krizm Hotels Private Limited Employee Welfare Trust (the “Trust”) included in the standalone unaudited interim financial results of the Holding Company included in the Group, whose interim financial results reflect total revenue of Rs. Nil for the quarter ended June 30, 2026, total net loss after tax of Rs. 0,02 lakhs for the quarter ended June 30, 2026 and other comprehensive income of Rs. Nil for the quarter ended June 30, 2026, as considered in the respective standalone unaudited
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Deloitte Haskins & SellsLLP interim financial resuits of the Hoiding Company included in the Group. The interim financial results of the Trust have been reviewed by the other auditor whose reports have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this trust, is based solely on the report of such other auditor and the procedures performed by us as stated in paragraph 3 above. We did not review the interim financial results of 17 subsidiaries and 1 Limited liability partnership firm included in the consolidated unaudited financial results, whose interim financial results reflects total revenue of Rs, 7,398.95 lakhs for the quarter ended June 30, 2026, total net profit after tax of Rs. 924.32 lakhs for the quarter ended June 30, 2026 and other comprehensive loss of Rs. 1.29 lakhs for the quarter ended June 30, 2026, as considered in the Statement. The consolidated unaudited finacial resuits also includes the Group's share of loss after tax of Rs. 29.49 lakhs for the quarter ended June 30, 2026 and other comprehensive income of Rs. 0.16 lakhs for the quarter ended June 30, 2026, as considered in the Statement, in respect of 3 associates, whose interim financial results have not been reviewed by us. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and discicsures included in respect of these subsidiaries and associates, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of these matters. For Deloitte Haskins & Sells LLP Chartered Accountants (Firm’s Registration-Np. 117366W/W-100018) =="Partner Membership No. 105546 UDIN:zMogS’QéNSHNPJ Se 1t Place: New Delhi Date: August 07, 2026
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Lemon Tree Hotels L Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 :sectdeptt@lemontrechotels.com; Webs Regd Offi Tel.: 011-46050101; Fax.; 011-46050110; E-Mai CIN:L74899HR1992PLC140546 Statement of Unaudited Consolidated Financial Results for the Quarter ended June 30, 2026 @ In Laks, except per share data) ww Jemontreehotels.com Quarter ended Vear ended June 30,2026 Mareh 31,2026 June30,2025 | March 31,2026 (Unaudited) (Unaudited) Unaudited) (Audited) Refer note 1 T [ncome Revenue from operations 3446061 4164039 31,577.05 1,44,45033 |Other income 21470 31006 16408 81628 Total income 3467531 4195045 EZINE] T45,266.61 2 |Expenses Cost of food and beverages consumed 204297 2,193.77 197917 847882 Employee benefit expenses 647453 6334.76 5,797.87 2392540 (Other expenses: - Power and fuel 239253 201902 218924 850992 - Others 858001 956799 7,560.08 3441946 Total expenses 19,490.04 20,11 17,52636 7533360 3 [Profit before depreciation and amortization, finance cost, 1518527 2183491 1421477 69,933.01 finance income and tax (1-2) 4 [Finance cost 4,048.88 4.206.90 4.798.28 1795189 5 [Finance income (@1082) (330.53) (330.5) (1,234.07) 6 |Depreciation and amortization expense 3,605.86 3,548.61 342074 1388047 7 [Net Profit before share of associates, exceptional items and 794135 14,409.93 3933472 tax (34-5-6) 8 |Add: Share of (loss)/profit of associates (57.43) (39.96) ©4.59) 9 [Profitbefore exceptional items and fax (7+8) 1435250 6.286.32 39,240.13 10 [Exceptional items (Refer note 4) - 193.13 - 3,32659 11 [Profitbefore tax (6-10) 7.912.02 1415937 628632 3591354 12 [Tax expense: - Current tax 135245 201287 83837 468867 - Deferred tax 82534 50121 637.94 2,393.05 13 [Net profit after tax (11-12) 573423 11,64529 481001 2883182 14 |Other Comprehensive (loss)/income Items that will not be reclassified to profit and loss Remeasurements of defined henefit plans @27) 1005 282 (3023) Income tax effect 073 (G.98) (0:69) 592 15 [Total Comprehensive Income (13+14) 573069 T1,651.36 FXIPRT) 2880751 16 [Net profit after tax (11-12) 573423 11,645.29 481001 W82 Atributable to: Equity holders of the parent 460315 9,149.41 383315 22,700.68 Non-controlling interests 113108 249588 97686 612214 17 [Total Comprehensive Income (13+14) 5730.69 11,651.36 481214 28,807.51 | Attributable to: Equity holders of the parent 4,599.72 9,158.29 383503 22,69041 Non-contralling interosts 113097 2493.07 97711 611710 18 [Total Comprehensive Income for the year/ period after non- 459972 9.158.29 383503 22,6901 cantrolling inferest 19 [Paid-up equity share capital T, 18475 70,184.75 7918475 7918475 (Face value of the share ¥ 10/-) 20 [Other Equity Gincluding non-controlling interest) 12873312 21 |Earmings per share (Face value of the share 2 10/-) (EPS for quarter ended are not annualised) Basic EPS 058 116 048 Diluted EPS 058 116 048
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Notes: 1. The above unaudited consolidated financial results were reviewed by the Audit Commitee and approved by the Board of Directors at their meetings held on August 07,2026, Figures for the quarter ended March 31, 2026 as reported in these unaudited consolidated financial results, are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of third quarter of the relevant financial year. Also, the figures upto the end of the third quarter had only been reviewed and not subjected to audit. ‘The above unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles as Jaid down in the Ind AS 34 Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time o time. The statutory auditor’s report on the review of quarterly consolidated financial results for the quarter ended June 30, 2026 is being filed with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. 3. The paid up share capital of the Company excludes 398,841 (March 31, 2026: 398,841) equity shares held by the ESOP Trust which has been consolidated in accordance with the requirement of Ind AS 110 “Consolidated Financial Statements”. 4. Exceptional Items: Particular Quarter ended Vear ended June 30,2026 March 31,2026 June30,2025 | Mareh 31,2026 Impact due (o Labour Code and Ex-gratia (Refer note 5 and 6) - - - 255113 |-Settlement of Property Tax matter (Refer note 7) - - - 47854 -Expenses related to restructuring of the Group (Refer note §) - 193.13 = 29692 Total - 193,13 - 332659 5. The Government of India has implemented four new Labour Codes ("Codes"), including the Code on Wages, 2019, with effcct from November 21, 2025. The Group. carried out actuarial valuation for the previous year ended March 31, 2026 considering uniform definition of "wages" as per the Codes on Wages and recorded additional obligation of ¥ 1,445.06 lakhs, which has been disclosed as an exceptional item . The Group continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits. 6. During the previous year ended March 31,2026, the Group recognised a one-time ex-gratia provision amounting 10 2 4,106.07 lakhs to be paid to certain employees a5 a goodwill gesture in conncation with salary rationalisation measures undertaken during the COVID-19 period. The said payment is discretionary in nature, does not arise from any confractizi or statuory obligation and is not part of the Group’s regular remuneration framework. The payment is non-recurring and sccordingly lias been disclosed as an excepiicnal item. 7. During the previous yeor ended ended March 31, 2026, the Group availed a onc-time settlement scheme notified by the Municipal Corporation of Delhi for settlement of property tax dcs relating fo three hotel properties. The resultant impact of X 478.54 lakhs has been recognised as an exceptional expense, after adjusting the provision of & 257.67 lakhs alrcady created by the Group towards such liabilitcs. 8. During the previous yar ended March 31, 2026, the Group incurred certain expenses towards legal, professional, advisory and other dircctly attibutable costs in connection with the proposed Composite Scheme of Arrangement involving demerger and restructuring of the Company and its group entities, which was approved by the Board of Dircetors on January 09, 2026, subject to requisite statutory and regalatory approvals. Considering the non-recurring nature of such expenses and their direct association with the proposcd Composite Scheme of Arrangement, the same was disclosed as exceptional items in the Statement of Profit and Loss. 9. During the provious year ended March 31, 2026, the Board of Directors of the Group, at its meeting held on January 09, 2026, approved a proposed Composite. Scheme of Arrangement involving merger and demerger of certain group entities, inter ala, resulting in segregation of the hotel ownership & development business and the hotel management & brand business inta separate focused platforms. “The proposed Composite Scheme of Atrangement ("Scheme”) is subject 10 receipt of necessary statutory, regulatory and shareholder pprovals, including approvals from the stack sxchangcs, National Company Law Tribunal and other applicable authorities. The Scheme (appointed date: April 01, 2026) shall become effective upon receipt of sucl approvals and filing of the requisite orders with the Registrar of Companics. On April 7, 2026, the Group has received approval from the Competition Commission of India (CCT) on the Scheme. rdance with 10. The Group is into Hotelicring business and operates in a single operating segment therefore it did not give risc 1o different operating scgments in Ind AS 108 - Operaiing Segments. Further, due to seasonal nature of the Indian hotel industry, the Group’s consolidated financial results for the cutrent quarter are not °s operation. indicative of a full ye: By order of the Board “or Lemon Tree Hotels Limited i — Patanjali Govind Keswani Place : New Delhi (Chairman & Executive Director) Date : August 07, 2026
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D l -tt Chartered Accountants eloltie 7th Floor Building 10 Tower B Haskins & SellsLLP B e ity Compl Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: 91124 679 2012 INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF LEMON TREE HOTELS LIMITED 1. We have reviewed the accompanying Statement of Standalona Unaudited Financial Results of Lemon Tree Hotels Limited ("the Company"), including Krizm Hotels Private Limited Employee Welfare Trust (the “Trust”) for the quarter ended June 30, 2026 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”). 2. This Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company’s personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditor as referred in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be Regd. Office: One International Center, Tower 2, 31st floor, Senapati Bapat Marg, Eiphinstone Road (West), Mumbai-400 013, {§ Deloitte Haskins & Sells LLP is registered with Limited Lizbility having LLP identification No: AAB-8737
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Deloitte Haskins & SellsLLP disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement., 5. We did not review the interim financial results of Krizm Hotels Private Limited Employee Welfare Trust (the “Trust”) included in the Statement whose interim financial results reflect total revenue of Rs. Nil for the quarter ended June 30, 2026, total net loss after tax of Rs, 0.02 lakhs for the quarter ended June 30, 2026 and other comprehensive income of Rs. Nil for the quarter ended June 30, 2026, as considered in this Statement. The interim financial results have been reviewed by the other auditor whose reports have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this trust, is based solely on the report of such other auditor and the procedures performed by us as stated in paragraph 3 above. Qur conclusion on the Statement Is not modified in respect of this matter. For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) {Membership No. 105546) UDIN: 261055744 Y TwpalanGz Place: New Delhi Date: August 07, 2026 Wy
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Lemon Tree Hotels Limited Regd Office:- Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Tel.: 011-46050101; Fax.: 011-46050110; E-Mail:sectdeptt@lemontrechotels.com; Website: www.lemontrechotels.com CIN:L74899HR1992PLC140546 Statement of Unaudited Standalone Financial Results for the Quarter ended June 30, 2026 (¥ In Lakhs, except per share data) Quarter ended Year ended June 30, 2026] March 31, 2026 [Junc 30, 2025|March 31, 2026 (Unaudited) | (Unaudited) | (Unaudited)| (Audited) Refer note 1 1 [tncome Revenue from operations 10491.58 1336245 | 928945 44,203.93 Other income 3825 12637 20.38 21.17 Total income 10,529.83 13,48882 | 9,318.83 4442510 2 |Expenses Cost of food and beverages consumed 41461 407.84 365.30 1.555.88 Employee bencfit expenses 230243 217526 | 1,908.81 7,754.46 Other expenses: -Power and fuel 61092 545,10 558.79 2,224.81 -Others 2,748.68 3,230.23 2,359.19 10,934.02 Total expenses 6,076.64 635843 519200 22,469.17 3 [Profit before depreciation and amortization, finance 445319 713039 412674 21,955.93 cost, finance income, and tax (1-2) 4 |Finance cost 749.48 812,01 917.41 345544 5 [Finance income (249.07) 19357 (177.87) (746.45)| 6 |Depreciation and amortization expense 496.67 507.82 486.60 1993.28 7 [Profit before exceptional items and tax (3-4-5-6) 3,456.11 600413 | 2,900.60 17,253.66 8 |Exceptional items (Refer note 4) . 149.45 s 2,026.98 9 [Profit before tax (7-8) 3,456.11 585468 | 2,900.60 15,226.68 10 [Tax expense: - Current tax 948.95 1,635.88 509.32 3258.14 - Deferred tax (61.00) ©.12) 344.12 1,121.53 11 [Net profit after tax (9-10) 2,568.16 422852 2,047.16 10,847.01 12 |Other Comprehensive (loss)/income Ttems that will not be reclassified to profit and loss Re-measurement gain on defined benefit plans (2.58) 18.48 2,06 (10.33) Income tax effect on above 065 (5.79) (0.60) 2.60 13 [Total Comprehensive Income (11+12) 2,566.23 424121 204862 10,839.28 14 [Paid-up equity share capital 79,184.75 7918475 [ 79,184.75 79,184.75 (Face value of the share % 10/-) 15 |Other Equity 57,519.69 16 |Earnings per share (Face value of the share X 10/-) (EPS for quarter ended periods are not anmualised) Basic EPS 032 053 026 137 Diluted EPS 032 053
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Notes: 1. The above unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 07, 2026. Figures for the quarter ended March 31, 2026 as reported in these unaudited standalone financial results, are the balancing figures between audited figures in respect of the full financial year and the published vear to date figures upto the end of third quarter of the relevant financial year. Also, the figures upto the end of the third quarter had only been reviewed and not subjected to audit. 2. The above unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles as laid down in the Ind AS 34 "Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. The statutory auditor’s report on the review of quarterly standalone financial results for the quarter ended June 30, 2026 is being filed with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. 3. The paid up share capital of the Company excludes 398.841 (March 31, 2026: 398,841) equity shares held by the ESOP Trust which has been consolidated in accordance with the requirement of Ind AS 110 “Consolidated Financial Statements”. 4. Exceptional items: Particular Quarter ended Year ended June 30, 2026 March 31, 2026 [ June 30, 2025[March 31, 2026 “Impact duc to Labour Code and Ex- gratia (Refer note 5 and 6) < = E 1,661.94 -Settlement of Property Tax matter (Refer note 7) = > - 166.93 -Expenses related to restructing_of the Company (Refer note 8) s 149.45 - 198.11 Total = 149.45 - 2,026.98 5. The Government of India has implemented four new Labour Codes ("Codes". including the Code on Wages, 2019, with effect frem November 21, 2025. The Company carried out actuarial valuation for the provious year ended March 31, 2026 considering ages” as per the Codes on Wages and recorded additional obligation of % 735.03 lakhs , which has been disclosed as an exceptional item. The Company continues to monitor the developments pertaining to Labour Codes and will evaluate ement of liability pertaining to employee benefits. 1y on the meas impact 6. During the previous year ended March 31, 2026 , the Company recogniscd a one-time ex-gratia provision amounting to € 926,91 lakhs paid to certain employees as a goodwill gesture in connection with salary rationalisation measures undertaken during the COVID-19 period. The said payment is discretionary in nature, does not arise from any contractual or statutory obligation and is not part of the Company’s regular remuneration framework. The payment is non-recurring and accordingly has been disclosed as an exceptional item. 7. During the previous year ended ended March 31, 2026, the Company availed a one-time settlement scheme notified by the Municipal Corporation of Delhi for settlement of property tax dues relating o one hotel property. The resultant impact of 166.93 lakhs has been recognised as an exceptional expense, after adjusting the provision of ¥ 105.43 lakhs already created by the Company towards such liabilities. 8. During the previous year ended March 31, 2026, the Company incurred certain expenses towards legal, professional, advisory and other directly attributable costs in connection with the proposed Composite Scheme of Arrangement involving demerger and restructuring of the Company and its group entities, which was approved by the Board of Directors on January 09, 2026, subject to requisite statutory and regulatory approvals.Considering the non-recurring nature of such expenses and their direct association with the proposed Composite Scheme of Arrangement, the same was disclosed as exceptional items in the Statement of Profit and Loss. 9. During the previous year ended March 31, 2026, the Board of Directors of the Company, at its meeting held on January 09, 2026, approved a proposed Composite Scheme of Arrangement (Scheme) involving merger and demerger of certain group entites, inter alia, resulting in segregation of the hotel ownership & development business and the hotel management & brand business into separate focused platforms. “The proposed Composite Scheme of Arrangement is subject to receipt of necessary statutory, regulatory and shareholder approvals, including approvals from the stock exchanges, National Company Law Tribunal and other applicable authorities. The Scheme (appointed date: April 01, 2026) shall become effective upon receipt of such approvals and filing of the requisite orders with the Registrar of Companies. On April 7, 2026, the Company has received approval from the Competition Commissicn of India (CCT) on the Scheme.
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10. The Company is into Hotcliering business and operates in a single operating segment therefore it did not give rise to different operating segments in accordance with Ind AS 108 - Operating Segments. Further, due to seasonal nature of the Indian hotel industry, the Company’s standalone financial results for the current quarter are not indicative of a full year's operation. By order of the Board for Lemon Tree Hotels Limited e e Patanjali Govind Keswani Place: Nov Deihi (Chairman & Executive Director) Date: August 07, 2026
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Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation: +91 9911 701 701| www.lemontreehotels.com Annexure-A Appointment of Mr. Patanjali Govind Keswani as Chairman and Non -Executive Director w.e.f. April 1, 2027 S. No Details of event need to be provided Information of such event 1. Reason for change viz, appointment, resignation, removal, death or otherwise Mr. Patanjali Govind Keswani was appointed as the Chairman and Executive Director of the Company for a period of 18 (Eighteen) months with effect from October 1, 2025. Upon completion of his current tenure as Chairman and Executive Director on March 31, 2027, he shall step down from his executive responsibilities. In order to facilitate the implementation of a comprehensive succession plan, ensure continuity of leadership, and support the Company's long -term growth and strategic vision, the Board of Directors of the Company, based on the recommendation of the Nomina tion and Remuneration Committee ("NRC") and subject to the approval of the shareholders, has approved the appointment of Mr. Patanjali Govind Keswani as the Chairman and Non - Executive Director of the Company ("Non- Executive Chairman"), with effect from April 1, 2027. 2. Date of appointment/ reappointment/ cessation (as applicable) & term of appointment/ re-appointment With effect from April 1, 2027. He would be liable to retire by rotation. 3. Brief Profile (in case of Appointment) Mr. Patanjali Govind Keswani is a graduate with a Bachelor’s Degree in Electrical Engineering from IIT Delhi and has a Post Graduate Diploma in Business Management from IIM Calcutta. He joined the TATA Administrative Service (TAS) in 1983 and worked with the TATA Group for 17 years, where his last assignment was as Senior Vice President of the Taj Group of Hotels. He subsequently worked with management consulting firm, A.T. Kearney Inc. as an
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Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation: +91 9911 701 701| www.lemontreehotels.com Associate Consultant and Director in their India Office, before promoting Lemon Tree Hotels in 2002. He has been associated with Lemon Tree Hotels in the capacity of Director since August 3, 2002, and in the capacity of Managing Director since October 7, 2002. He has been appointed as the Chairman and Executive Director of the Company w.e.f. October 1, 2025. Under his leadership, Lemon Tree Hotels is today the fastest growing and largest mid-market and upscale hotel chain in India and has set new benchmarks in the hotel industry. The company was publicly listed under his guidance on April 9, 2018. 4. Disclosure of relationships between Directors He is not related inter -se to any other Director except Mr. Aditya Madhav Keswani (son of Mr. Patanjali Govind Keswani), who is a Non -Executive Director in Lemon Tree Hotels Limited. 5. Information as required under Circular No. LIST/COMP/14/2018- 19 and NSE/CML/2018/02 dated June 20, 2018 issued by the BSE & NSE, respectively. He is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other authority.