About TGB Banquets and Hotels Limited

TGB Banquets and Hotels Limited is a public limited company domiciled in India and listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company has over two decades of experience in providing restaurants, banquets, and hotel services since 1999. Its operations are anchored in Ahmedabad, Gujarat, where its flagship property, “The Grand Bhagwati,” operates alongside restaurants Perq and Cafe Piano. The company also runs outdoor catering, overseen by its Whole-time Director with extensive hospitality and event management expertise.

A key milestone for the company was the launch of its premium hotel in 2002, which positioned it in the luxury segment of the hospitality industry. TGB Banquets and Hotels Limited does not have any subsidiaries, joint ventures, or associate companies. Its shares are listed on BSE (Scrip Code: 532845) and NSE (Symbol: TGBHOTELS), with ISIN INE797H01018.

Key Milestones of TGB Banquets and Hotels Limited

• 1999 – Entered the hospitality industry with restaurants, banquets, and hotel services.
• 2002 – Launched its premium hotel “The Grand Bhagwati” in Ahmedabad.
• Listed on BSE and NSE with respective codes 532845 and TGBHOTELS.

TGB Banquets and Hotels Limited Business Segment

The company operates in hospitality, focusing on restaurants, banquet services, hotel accommodation, and outdoor catering. Its geographic operations are concentrated entirely in Ahmedabad, Gujarat, centered around its flagship hotel and associated restaurants.

TGB Banquets and Hotels Limited operates within a single business segment encompassing hospitality services, including hotel accommodation, restaurants, banquets, and outdoor catering. Its flagship property “The Grand Bhagwati” and associated restaurants form the core of its operations and revenue.

TGB Banquets and Hotels Limited Key Management

• Narendra G. Somani – Chairman & Managing Director
• Hemant G. Somani – Whole-time Director
• Devanand G. Somani – Whole-time Director
• Jaydeepsinh Chavda – Chief Financial Officer
• Arpita Shah – Company Secretary

Latest Updates on TGB Banquets and Hotels Limited

• Financial performance: Reported a Profit after Tax of Rs 194.37 Lakh for FY 2024–25, reversing the loss of Rs (356.01) Lakh in the previous year.
• Leadership update: Jaydeepsinh Chavda appointed Chief Financial Officer from February 11, 2025, succeeding interim changes during the year.
• Capital market and listing: As of March 31, 2025, 99.99% of equity shares were dematerialised; the company had no outstanding ADRs/GDRs, warrants, or convertible instruments.
• Governance and compliance: The 40th Annual General Meeting is scheduled for September 29, 2025, at “The Grand Bhagwati,” Ahmedabad. The auditors confirmed proper usage of term loan funds with no defaults or wilful defaulter status.
• Corporate actions: No major events impacting business nature or compliance occurred during the year as per the Secretarial Audit.