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Juniper Hotels MD, chairman, board of directors and AGM

NSE: JUNIPERBSE: 544129Leisure ServicesSmall Cap

Last close ₹194.79down ₹4.25 (2.14%)BSE ₹195.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹199.04.

52-week range of traded prices to 23 Oct 2026
₹188.50Low, 30 Mar 2026₹285.75High, 10 Nov 2025
Market cap
₹4,334 Cr801st largest listed
P/E
26.1
P/E without one-offs
22.6
P/B
1.5
Dividend yield
Nonein the last 12 months
ROE
5.9%
ROE without one-offs
6.9%
ROCE
8.9%
Debt to equity
0.26
Volume, NSE
1,92,40972.2% delivered

Juniper Hotels board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorArun Kumar SarafRelated to the promoter
  • Company Secretary and Compliance OfficerSandeep L. Joshi

8 directors4 independent1 executive3 non-executive

  • Arun Kumar Saraf · Chairperson and managing directorExecutive · joined Jul 1998 · reappointed Feb 2024 · 3 listed boards · 1 committee seat
  • Namita SarafNon-executive · joined Sep 2023 · reappointed Sep 2023 · 1 listed board · 1 committee seat, 1 as chair
  • David PetersNon-executive · joined Aug 2018 · reappointed Aug 2018 · 1 listed board · 1 committee seat
  • Elton Tze Tung WongNon-executive · joined Sep 2023 · reappointed Sep 2023 · 1 listed board · 1 committee seat
  • Pallavi Shardul ShroffIndependent · joined Sep 2023 · reappointed Sep 2023 · 36 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Sunil MehtaIndependent · joined Sep 2023 · reappointed Sep 2023 · 36 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 2 as chair
  • Rajiv KaulIndependent · joined Sep 2023 · reappointed Sep 2025 · 36 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Mayur Chandrakant ChokshiIndependent · joined Dec 2025 · reappointed Dec 2025 · 9 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Avali Srinivasan, left 19 Sep 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 Aug 20266 of 8 present3 independent · 83 days in between
    • 21 May 20267 of 8 present4 independent

  • Audit Committee

    Chair Pallavi Shardul Shroff

    Elton Tze Tung Wong, Sunil Mehta, Rajiv Kaul

    • 13 Aug 20264 of 4 present3 independent · no day in between
    • 12 Aug 20264 of 4 present3 independent · 82 days in between
    • 21 May 20262 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Sunil Mehta

    Pallavi Shardul Shroff, Namita Saraf

    • 12 Aug 20262 of 3 present2 independent · 82 days in between
    • 21 May 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Namita Saraf

    David Peters, Rajiv Kaul, Arun Kumar Saraf

    • 11 Feb 20263 of 4 present1 independent

  • Risk Management Committee

    Chair Pallavi Shardul Shroff

    Elton Tze Tung Wong, Sunil Mehta, Rajiv Kaul

    • 12 Aug 20264 of 4 present3 independent · 181 days in between
    • 11 Feb 20263 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Arun Kumar Saraf

    Namita Saraf, Rajiv Kaul

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S R B C & CO LLPPeer-review certificate valid to Feb 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Juniper Hotels AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Juniper Hotels share news and announcements

Annual general meeting, 27 Aug 2026

41,545 shareholders on the register on 20 Aug 2026; present: 3 promoters and 42 others; votes counted by Nikita Kothari / N Kothari & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of Board of Directors and Auditors thereon and (b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026,together with the Report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.58%

    Turnout: all 88.56% · promoters 100.00% · institutions 72.67% · other public 0.07%

  2. To appoint a director in place of Mr. Elton Wong (DIN:10059779), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.79%

    Turnout: all 88.56% · promoters 100.00% · institutions 72.68% · other public 0.07%

  3. To re-appoint S R B C and Co. LLP, Chartered Accountants, as the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.36%

    Turnout: all 88.56% · promoters 100.00% · institutions 72.68% · other public 0.07%

  4. To re-appoint Mr. Arun Kumar Saraf (DIN: 00339772) as Chairman and Managing Director and fix remuneration
    Special
    92.45% for7.55% against

    Against: promoters 0.00% · institutions 60.65% · other public 9.15%

    Turnout: all 88.56% · promoters 100.00% · institutions 72.68% · other public 0.07%

  5. Approval of Loans, Guarantees, and Securities in Related Companies under Section 185 of the Companies Act, 2013
    Special
    91.77% for8.23% against

    Against: promoters 0.00% · institutions 66.10% · other public 5.96%

    Turnout: all 88.56% · promoters 100.00% · institutions 72.68% · other public 0.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Jan 2026, 1 resolution

40,853 shareholders on the register on 19 Dec 2026; votes counted by Nikita Kothari / N Kothari & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the appointment of Mr. Mayur Chokshi (DIN: 01238535) as Non-Executive Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.09% · other public 2.71%

    Turnout: all 90.31% · promoters 100.00% · institutions 73.00% · other public 0.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Dec 2025, 1 resolution

40,965 shareholders on the register on 21 Nov 2025; votes counted by Nikita Kothari / N Kothari & Associates.The company's voting result (opens in a new tab)

  1. To approve payment of remuneration / commission to Mr. Rajiv Kaul (DIN: 06651255), Non-Executive Independent Director of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.03%

    Turnout: all 91.93% · promoters 100.00% · institutions 81.83% · other public 0.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2025, 5 resolutions

40,443 shareholders on the register on 12 Sep 2025; present: 3 promoters and 52 others; votes counted by Nikita Kothari / N Kothari & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt; (a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and (b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.01%

    Turnout: all 92.22% · promoters 100.00% · institutions 81.25% · other public 0.16%

  2. To appoint a director in place of Mrs. Namita Saraf (DIN: 00468895), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    95.44% for4.56% against

    Against: promoters 0.00% · institutions 28.64% · other public 10.11%

    Turnout: all 92.22% · promoters 100.00% · institutions 81.25% · other public 0.16%

  3. Appointment of M/s Kothari & Associates, Practising Company Secretaries as Secretarial Auditors and fix their remuneration.
    Ordinary
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 2.31% · other public 2.01%

    Turnout: all 92.22% · promoters 100.00% · institutions 81.25% · other public 0.16%

  4. Re-appointment of Mr. Rajiv Kaul (DIN:06651255) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.08% · other public 8.71%

    Turnout: all 92.22% · promoters 100.00% · institutions 81.25% · other public 0.16%

  5. Approval of loans, guarantees, and securities in Related Companies under Section 185 of the Companies Act, 2013.
    Special
    87.68% for12.32% against

    Against: promoters 0.00% · institutions 93.66% · other public 2.27%

    Turnout: all 89.28% · promoters 100.00% · institutions 65.00% · other public 0.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2024, 3 resolutions

Present: 2 promoters and 36 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt; n(a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, and the Reports of the Board of Directors and the Auditors thereon; nn(b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, and the Report of the Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.53%

    Turnout: all 90.20% · promoters 94.68% · institutions 85.51% · other public 0.17%

  2. To appoint a director in place of Mr. David Peters (DIN: 08262295), who retires by rotation and being eligible, offers himself for re-appointment;
    Ordinary
    98.31% for1.69% against

    Against: promoters 0.00% · institutions 9.10% · other public 3.31%

    Turnout: all 90.20% · promoters 94.68% · institutions 85.51% · other public 0.17%

  3. To re-appoint Mr. Avali Srinivasan (DIN: 00339628) as an Independent Director of the Company.
    Special
    90.42% for9.58% against

    Against: promoters 0.00% · institutions 51.48% · other public 4.01%

    Turnout: all 90.20% · promoters 94.68% · institutions 85.51% · other public 0.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 Jul 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve borrowing limits of the Company under section 180 (1)(c) of the Companies Act, 2013 and Creation of Charge/Security under section 180(1) (a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.43%

    Turnout: all 89.77% · promoters 94.68% · institutions 80.88% · other public 0.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 21 Jan 2026, 4 fund houses

  • To consider and approve the appointment of Mr. Mayur Chokshi (DIN: 01238535) as Non-Executive Independent Director of the Company
    4 for0 against

Mutual fund votes, meeting of 24 Dec 2025, 4 fund houses

  • To approve payment of remuneration / commission to Mr. Rajiv Kaul (DIN: 06651255), Non-Executive Independent Director of the company
    4 for0 against
3 earlier meetings

Mutual fund votes, meeting of 19 Sep 2025, 5 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt; (a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and (b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, with the Report of the Auditors thereon.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundUnqualified financial statements. Apart from minor non-material CARO Observations, no governance concern identified. NonCompliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Non-Disclosure of the audited Financial Statements of Subsidiaries on the website of the Company.
    4 for1 against
  • To appoint a director in place of Mrs. Namita Saraf (DIN: 00468895), who retires by rotation and being eligible, offers himself for re-appointment.
    5 for0 against
  • Appointment of M/s Kothari & Associates, Practising Company Secretaries as Secretarial Auditors and fix their remuneration.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merits of the proposed Auditors. Non-Compliant with SEBI (LODR) Regulations: Non-Disclosure of Audit Fee for the Proposed Auditor.
    4 for1 against
  • Re-appointment of Mr. Rajiv Kaul (DIN:06651255) as an Independent Director of the Company.
    5 for0 against
  • Approval of loans, guarantees, and securities in Related Companies under Section 185 of the Companies Act, 2013.
    Against quant Mutual Fund
    • quant Mutual FundNon-compliant with Section 185 of the Companies Act: Inadequate disclosures w.r.t. the particulars mandated u/s 185 of Companies Act, 2013. Governance concern: Enabling approval with inadequate disclosures – generic justification and non-disclosure of the recipient(s) of the investments, loans, guarantees and security
    0 for1 against
1 proposal not matched to one resolution
  • To give loan(s) in one or more tranches including loan represented by way of book debt (the Loan) to, and/ or giving of guarantee(s), and/ or providing of security(ies) in connection with any Loan taken/ to be taken by any entity which is a Subsidiary or Associate or Joint Venture or group entity of the Company or any other person in which any of the Directors of the Company is deemed to be interested as specified in the explanation to subsection 2 of section 185 of the Act, of an aggregate amount not exceeding Rs. 150 Crores.MoreLess
    Against Bandhan Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Section 185 of the Companies Act: Inadequate disclosures w.r.t. the particulars mandated u/s 185 of Companies Act, 2013. Governance Concern: Enabling Approval with Inadequate disclosures – Generic justification and non-disclosure of the recipient(s) of the investments, loans, guarantees and security.
    • Kotak Mahindra Mutual FundThe Company has not disclosed adequate information or detail(s) w.r.t. the recipient(s) of the loans / guarantees / securities, or investments that may be extended. They have also not provided any particulars about the loans / guarantees / securities as well. In such case, we can not favour the resolution.
    1 for3 against

Mutual fund votes, meeting of 19 Sep 2024, 7 fund houses

  • To receive, consider and adopt; n(a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, and the Reports of the Board of Directors and the Auditors thereon; nn(b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, and the Report of the Auditors thereon;MoreLess
    7 for0 against
  • To appoint a director in place of Mr. David Peters (DIN: 08262295), who retires by rotation and being eligible, offers himself for re-appointment;
    7 for0 against
  • To re-appoint Mr. Avali Srinivasan (DIN: 00339628) as an Independent Director of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merit of Director. Governance concern: Prolonged association with Group
    • Kotak Mahindra Mutual FundAvali Srinivasan,76 years, is an associate of the Institute of Company Secretaries of India. He was previously associated with The Standard Batteries Limited as the company secretary and general manager (legal). Mr. Avali Srinivasan was associated with Mahima Holding Private Limited, Subsidiary Company as Director for 26 years (from 1999). This is the reason we are voting as against.
    3 for4 against

Mutual fund votes, meeting of 3 Jul 2024, 9 fund houses

  • To approve borrowing limits of the Company under section 180 (1)(c) of the Companies Act, 2013 and Creation of Charge/Security under section 180(1) (a) of the Companies Act, 2013
    9 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeGST DepartmentSince 30 Nov 2024
    The Company has filed appeal with the Appellate Authority against the baseless order from the GST Department. The Company, basis its internal assessment and with the view from the expert/GST consultant is 100% confident that the outcome of the appeal filed will be in favour of the Company.MoreLess
    At the filing before: Ongoing
  • Tax disputeAssistant Assessor and Collector, H/East Ward, Brihanmumbai Municipal CorporationSince 24 Feb 2026
    Appropriate steps, including seeking legal advice and filing the appropriate appeal, have been taken. At this stage, the Company does not anticipate any adverse impact on its financial position, operations, or any other activities as a result of this matter.MoreLess
    At the filing before: Ongoing

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.