Kamat Hotels (I) logo

Kamat Hotels (I) MD, chairman, board of directors and AGM

NSE: KAMATHOTELBSE: 526668Leisure ServicesSmall Cap

Last close ₹218.28down ₹11.70 (5.09%)BSE ₹218.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹229.98.

52-week range of traded prices to 23 Oct 2026
₹140.20Low, 30 Mar 2026₹307.05High, 23 Oct 2025
Market cap
₹643 Cr1,803rd largest listed
P/E
Earlier quarters restated in the year
P/B
2.0
Dividend yield
Nonein the last 12 months
ROCE
16.7%
Debt to equity
0.33
Volume, NSE
60,27550.4% delivered

Kamat Hotels (I) 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 directorVithal Venketesh KamatRelated to the promoter
  • Company Secretary and Compliance OfficerNikhil Singh

10 directors6 independent2 executive2 non-executive

  • Vithal Venketesh Kamat · Chairperson and managing directorExecutive · joined Mar 1986 · 1 listed board
  • Vishal Vithal KamatExecutive · joined May 2023 · 1 listed board
  • Vidita Vithal KamatNon-executive · joined Sep 2020 · 1 listed board
  • Vilas Ramchandra KoranneIndependent · joined Jun 2021 · reappointed Jun 2026 · 63 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Ramnath Pursu SarangIndependent · joined May 2019 · reappointed May 2024 · 88 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Harinder Pal KaurIndependent · joined May 2020 · reappointed May 2025 · 76 months as independent · 1 listed board · 1 as independent
  • Sanjeev Badriprasad RajgarhiaIndependent · joined Oct 2023 · 36 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Tej Mayur ContractorIndependent · joined May 2023 · 40 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • Ajit Anant NaikIndependent · joined May 2023 · 40 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Kaushal BiyaniNon-executive · joined Aug 2024 · 1 listed board

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.

Committees and meetings

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

  • Board

    • 11 Aug 202610 of 10 present6 independent · 90 days in between
    • 12 May 20269 of 10 present6 independent

  • Audit Committee

    Chair Sanjeev Badriprasad Rajgarhia

    Vilas Ramchandra Koranne, Tej Mayur Contractor, Ajit Anant Naik

    • 11 Aug 20264 of 4 present4 independent · 90 days in between
    • 12 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Sanjeev Badriprasad Rajgarhia

    Ajit Anant Naik, Tej Mayur Contractor

    • 11 Aug 20263 of 3 present3 independent · 90 days in between
    • 12 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Ajit Anant Naik

    Vilas Ramchandra Koranne, Ramnath Pursu Sarang, Sanjeev Badriprasad Rajgarhia

    • 11 Aug 20264 of 4 present4 independent · 90 days in between
    • 12 May 20264 of 4 present4 independent

  • Corporate Social Responsibility Committee

    Chair Ajit Anant Naik

    Tej Mayur Contractor, Vilas Ramchandra Koranne, Harinder Pal Kaur, Vidita Vithal Kamat

    • 12 May 20265 of 5 present4 independent

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.

  • N. A. Shah Associates LLPPeer-review certificate valid to Aug 2028
1 earlier auditor
  • N.A. SHAH ASSOCIATES LLP, CHARTERED ACCOUNTANTSNamed in the filing for the quarter to Mar 2025

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.

Kamat Hotels (I) 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.Kamat Hotels (I) dividend history

Annual general meeting, 26 Sep 2026

22,780 shareholders on the register on 18 Sep 2026; present: 8 promoters and 51 others; votes counted by Mr. Tribhuwneshwar Bhuwneshwar Kaushik / M/s. DM & Associates Company Secretaries LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.72% · promoters 100.00% · institutions 86.26% · other public 30.26%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.72% · promoters 100.00% · institutions 86.26% · other public 30.26%

  3. To appoint a Director in place of Dr. Vithal V. Kamat (DIN: 00195341), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.67% · promoters 96.45% · institutions 86.26% · other public 30.26%

  4. To Approve "Kamat Hotels (India) Limited Employee Stock Option Scheme 2026"
    Special
    100.00% for0.00% against

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

    Turnout: all 72.72% · promoters 100.00% · institutions 86.26% · other public 30.26%

  5. To Consider and Approve grant of Employee Stock Options to the Employees of Subsidiary Company of the Company Under "Kamat Hotels (India) Limited Employee Stock Option Scheme 2026"
    Special
    100.00% for0.00% against

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

    Turnout: all 72.72% · promoters 100.00% · institutions 86.26% · other public 30.26%

  6. To Approve Continuation of Mr. Vilas R. Koranne (DIN: 09151665) as a Non-Executive Independent Director of the Company beyond the age of 75 years
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 72.72% · promoters 100.00% · institutions 86.26% · other public 30.26%

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, 26 Sep 2025, 7 resolutions

24,694 shareholders on the register on 19 Sep 2025; present: 8 promoters and 49 others; votes counted by Mr. Dinesh Kumar Deora / M/s. DM & Associates Company Secretaries LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 56.08% · promoters 95.72% · institutions 0.00% · other public 2.06%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 56.08% · promoters 95.72% · institutions 0.00% · other public 2.06%

  3. To appoint a Director in place of Mr. Vishal V. Kamat (DIN: 00195774), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 56.08% · promoters 95.72% · institutions 0.00% · other public 2.06%

  4. Re-appointment of Mr. Vilas R. Koranne (DIN: 09151665) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 56.08% · promoters 95.72% · institutions 0.00% · other public 2.06%

  5. Approval of payment of remuneration of Dr. Vithal V. Kamat, Executive Chairman & Managing Director (DIN: 00195341)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 43.45% · promoters 73.87% · institutions 0.00% · other public 2.06%

  6. Approval of payment of remuneration of Mr. Vishal V. Kamat, Executive Director (DIN: 00195774)
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 43.45% · promoters 73.87% · institutions 0.00% · other public 2.06%

  7. Appointment of M/s. DM & Associates, Company Secretaries LLP, as Secretarial Auditors of the Company
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.19%

    Turnout: all 56.08% · promoters 95.72% · institutions 0.00% · other public 2.06%

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, 9 Mar 2025, 1 resolution

24,326 shareholders on the register on 31 Jan 2025; votes counted by Mr. Tribhuwneshwar Kaushik / M/s. DM & Associates Company Secretaries LLP.The company's voting result (opens in a new tab)

  1. Reappointment of Mrs. Harinder Pal Kaur (DIN: 02306410) as an Independent Woman Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 58.13% · promoters 100.00% · institutions 0.00% · other public 0.93%

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, 27 Sep 2024, 4 resolutions

Present: 10 promoters and 53 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended on 31st March, 2024, and Reports of the Board and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.32% · promoters 88.13% · institutions 0.00% · other public 5.85%

  2. Appoint a Director in place of Ms. Vidita V. Kamat (DIN: 03043066) who retires by rotation and being eligible offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 53.32% · promoters 88.13% · institutions 0.00% · other public 5.85%

  3. Approval for entering into material related party transaction with Plaza Hotels Private Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 2.40% · promoters 0.00% · institutions 0.00% · other public 5.85%

  4. Appointment of Mr. Kaushal K. Biyani (DIN: 08334639) as Non-Executive Non-Independent Director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.32% · promoters 88.13% · institutions 0.00% · other public 5.85%

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, 23 Sep 2023, 4 resolutions

Present: 10 promoters and 65 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended on 31st March 2023 and Reports of the Board and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.28% · promoters 94.44% · institutions 22.66% · other public 0.37%

  2. To appoint a Director in place of Dr. Vithal V. Kamat (DIN: 00195341) and Mr. Sanjeev B. Rajgharia (DIN: 07857384), who retire by rotation and being eligible, offer themselves for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 58.28% · promoters 94.44% · institutions 22.66% · other public 0.37%

  3. To approve re- appointment of Mr. Ramnath P. Sarang (DIN: 02544807), as Independent Director of the Company, not liable to retire by rotation, for a further period of 5 years, with effect from 27th May 2024 on the same terms as per his existing appointment.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 58.28% · promoters 94.44% · institutions 22.66% · other public 0.37%

  4. To approve the appointment of Mr. Sanjeev Rajgarhia (DIN: 07857384) from the designation of Non - executive Director to Non - Executive Independent Director, whose term shall not be subject to retirement by rotation, to hold office for a term of 5 years on the Board of the Company w.e.f. October 01, 2023MoreLess
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.12%

    Turnout: all 58.28% · promoters 94.44% · institutions 22.66% · other public 0.37%

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, 27 Jul 2023, 5 resolutions

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

  1. To appoint Mr. Apurva Muthalia as Independent Director of the Company for a period of 5 years.
    Special
    100.00% for0.00% against

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

    Turnout: all 58.28% · promoters 92.75% · institutions 22.59% · other public 0.37%

  2. To appoint Mr. Tej Mayur Contractor as Independent Director of the Company for a period of 5 years.
    Special
    100.00% for0.00% against

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

    Turnout: all 58.28% · promoters 92.75% · institutions 22.59% · other public 0.37%

  3. To appoint Mr. Ajit Naik as Independent Director of the Company for a period of 5 years.
    Special
    100.00% for0.00% against

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

    Turnout: all 58.28% · promoters 92.75% · institutions 22.59% · other public 0.37%

  4. To approve remuneration of Dr. Vithal V. Kamat as Managing Director of the Company.n
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 45.64% · promoters 72.56% · institutions 22.59% · other public 0.37%

  5. To appoint Mr. Vishal V. Kamat as Executive Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 58.28% · promoters 92.75% · institutions 22.61% · other public 0.37%

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 Feb 2023, 2 resolutions

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

  1. Reclassification of category from promoters to public for Mr. Vikram V. Kamat and Kamat Holiday Resorts (Silvassa) Ltd
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.19%

    Turnout: all 56.18% · promoters 92.21% · institutions 0.00% · other public 0.05%

  2. Sale of VITS Hotel, Andheri
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 43.41%

    Turnout: all 56.18% · promoters 92.21% · institutions 0.00% · other public 0.05%

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.

Extraordinary general meeting, 6 Jan 2023, 4 resolutions

Present: 20 promoters and 37 others.The company's voting result (opens in a new tab)

  1. Issue of convertible warrants to promoters and non promoters.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 45.84% · promoters 74.62% · institutions 0.00% · other public 1.02%

  2. Increase in the limits u/s 180 (1) (a) of the Companies Act, 2013 for creation of security
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 60.12% · promoters 98.08% · institutions 0.00% · other public 1.02%

  3. Increase in the borrowing limits of the company u/s. 180(1)( c) of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 60.12% · promoters 98.07% · institutions 0.00% · other public 1.02%

  4. Authorizing the issuance of Non-Convertible Debentures/ Bonds/ Instruments
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 46.48% · promoters 75.67% · institutions 0.00% · other public 1.02%

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.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeDy. Commissioner of Income TaxSince 30 Apr 2016
    Pending with CIT (A) National Faceless Appeal Centre,Delhi
    At the filing before: Open
  • Tax disputeOffice of the Commissioner of CGST and Central Excise,Thane RuralSince 26 Apr 2017
    Pending with CESTAT West Zone Bench,Mumbai
    At the filing before: Open
  • Tax disputeOffice of the Commissioner of CGST and Central Excise,Thane RuralSince 10 Apr 2018
    Pending with Dy. Commissioner of Service tax (A)
    At the filing before: Open
  • Tax disputeOffice of the Commissioner of CGST and Central Excise,Thane RuralSince 18 Mar 2019
    Pending with Dy. Commissioner of Service tax (A)
    At the filing before: Open
  • Tax disputeOffice of the Commissioner of CGST and Central Excise,Thane RuralSince 18 Mar 2019
    Pending with Dy. Commissioner of Service tax (A)
    At the filing before: Open
  • Tax disputeAssessment Unit Income Tax DepartmentSince 4 Apr 2025
    Dispossed with CIT (A) National Faceless Appeal Centre,Delhi and filed in ITAT as on 05-10-2026
    At the filing before: Open

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
No
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.