TGB Banquets and Hotels logo

TGB Banquets and Hotels MD, chairman and AGM

NSE: TGBHOTELSBSE: 532845Leisure ServicesSmall Cap

TGB Banquets and Hotels Limited · Formerly Bhagwati Banquets and Hotels · Face value ₹10 · Listed May 2007
Last close ₹8.78up ₹0.22 (2.57%)BSE ₹8.87

Share price at the NSE close on 30 Oct 2026. Previous close ₹8.56.

30 Oct: open ₹8.69, high ₹9.37, low ₹8.69

52-week range of traded prices to 30 Oct 2026
₹7.50Low, 30 Mar 2026₹12.25High, 3 Nov 2025
Market cap
₹26 Cr3,919th largest listed
P/E
19.23
P/B
0.33
Dividend yield
Nonein the last 12 months
ROE
1.7%
ROCE
1.5%
Debt to equity
0.07
Volume, NSE
43,67662.7% delivered

TGB Banquets and Hotels' chairperson and managing director is NARENDRA GURMUKHDAS SOMANI, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 15 Sep 2026.

TGB Banquets and Hotels board of directors

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

  • Chairperson and managing directorNARENDRA GURMUKHDAS SOMANI
  • Company Secretary and Compliance OfficerArpita Shah

6 directors3 independent3 executive

  • NARENDRA GURMUKHDAS SOMANI · Chairperson and managing directorExecutive · joined Nov 1999 · reappointed Oct 2025 · 1 listed board · 2 committee seats
  • DEVANAND GURMUKHDAS SOMANIExecutive · joined Oct 2015 · reappointed Jan 2026 · 1 listed board
  • HEMANT GURMUKHDAS SOMANIExecutive · joined Jul 2002 · reappointed Jan 2026 · 1 listed board
  • MANSUKHLAL ARJANBHAI NAKRANIIndependent · joined Jan 2020 · reappointed Jan 2025 · 80 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • JASMIN JAYKUMAR DOSHIIndependent · joined Nov 2020 · reappointed Nov 2025 · 70 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • NISHIT BHARATBHAI POPATIndependent · joined Aug 2021 · reappointed Aug 2026 · 61 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 3 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.

Committees and meetings

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

  • Board

    • 26 Aug 20265 of 6 present2 independent · 29 days in between
    • 27 Jul 20266 of 6 present3 independent · 69 days in between
    • 18 May 20265 of 6 present2 independent
  • Audit Committee

    Chair NISHIT BHARATBHAI POPAT

    MANSUKHLAL ARJANBHAI NAKRANI, JASMIN JAYKUMAR DOSHI, NARENDRA GURMUKHDAS SOMANI

    • 27 Jul 20264 of 4 present3 independent · 69 days in between
    • 18 May 20263 of 4 present2 independent
  • Nomination and remuneration committee

    Chair NISHIT BHARATBHAI POPAT

    MANSUKHLAL ARJANBHAI NAKRANI, JASMIN JAYKUMAR DOSHI

    • 27 Jul 20263 of 3 present3 independent · 69 days in between
    • 18 May 20262 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair NISHIT BHARATBHAI POPAT

    MANSUKHLAL ARJANBHAI NAKRANI, JASMIN JAYKUMAR DOSHI, NARENDRA GURMUKHDAS SOMANI

    • 27 Jul 20264 of 4 present3 independent · 69 days in between
    • 18 May 20263 of 4 present2 independent
  • Corporate Social Responsibility Committee

    Chair NARENDRA GURMUKHDAS SOMANI

    HEMANT GURMUKHDAS SOMANI, NISHIT BHARATBHAI POPAT

    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.

  • Prakash Tekwani & AssociatesPeer-review certificate valid to May 2028
1 earlier auditor
  • Prakash Tekwani AND AssociatesNamed 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.

TGB Banquets and 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.TGB Banquets and Hotels dividend history

Annual general meeting, 15 Sep 2026

12,344 shareholders on the register on 8 Sep 2026; present: 7 promoters and 40 others; votes counted by UMESH VED / UMESH VED & ASSOCIATES.

  1. Adoption of the Financial Statements of the Company including Audited Balance Sheet as at 31st March, 2026 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 35.08% · promoters 100.00% · institutions 0.00% · other public 5.59%

  2. Appointment of Director Mr. Devanand Gurmukhdas Somani (DIN: 00515959) who retire by rotation and being eligible, hereby offers himself for appointment as a Director of the company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 35.08% · promoters 100.00% · institutions 0.00% · other public 5.59%

  3. Re-appointment of Mr. Nishit B. Popat (DIN:09279612) as an Independent Director.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 35.08% · promoters 100.00% · institutions 0.00% · other public 5.59%

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, 29 Sep 2025, 8 resolutions

12,770 shareholders on the register on 22 Sep 2025; present: 7 promoters and 47 others; votes counted by UMESH VED / UMESH VED & ASSOCIATES.The company's voting result

  1. Adoption of the Financial Statements of the Company including Audited Balance Sheet as at 31st March, 2025 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.35%

    Turnout: all 35.37% · promoters 100.00% · institutions 0.00% · other public 6.02%

  2. Appointment of Director Mr. Hemant Gurmukhdas Somani (DIN: 00515853) who retire by rotation and being eligible, hereby offers himself for appointment as a Director of the company.
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.45%

    Turnout: all 35.37% · promoters 100.00% · institutions 0.00% · other public 6.02%

  3. Re-appointment of Mr. Narendra G. Somani (DIN: 00054229) as Managing Director and Chairman of the Company.
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.45%

    Turnout: all 35.37% · promoters 100.00% · institutions 0.00% · other public 6.02%

  4. Approval of Continuation of employment of Mr. Devanand G. Somani (DIN: 00515959) as a Whole-time Director designated as Executive Director.
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.45%

    Turnout: all 35.37% · promoters 100.00% · institutions 0.00% · other public 6.02%

  5. Approval of Continuation of employment of Mr. Hemant G. Somani (DIN: 00515853) as a Whole-time Director designated as Executive Director.
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.45%

    Turnout: all 35.37% · promoters 100.00% · institutions 0.00% · other public 6.02%

  6. Re-appointment of Mrs. Jasmin Jaykumar Doshi (DIN: 08686876) as an Independent Director.
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.44%

    Turnout: all 35.37% · promoters 100.00% · institutions 0.00% · other public 6.02%

  7. Appointment of M/s Umesh Ved & Associates, Company Secretaries as Secretarial Auditor of the Company for five financial years.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.35%

    Turnout: all 35.37% · promoters 100.00% · institutions 0.00% · other public 6.02%

  8. Approval of transactions/contracts/arrangements with related parties under regulation 23 of the SEBI (LODR) Regulations, 2015.
    OrdinaryPromoters have an interest in it
    98.53% for1.47% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.47%

    Turnout: all 4.14% · promoters 0.00% · institutions 0.00% · other public 6.02%

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.

Postal ballot, 17 Mar 2025, 1 resolution

12,584 shareholders on the register on 7 Feb 2025; votes counted by UMESH VED / UMESH VED & ASSOCIATES.The company's voting result

  1. Re-appointment of Mr. Manshuklal A. Nakrani (DIN: 02055297) as an Independent Director
    Special
    96.69% for3.31% against

    Against: promoters 0.00% · institutions 0.00% · other public 80.86%

    Turnout: all 31.02% · promoters 95.26% · institutions 0.00% · other public 1.85%

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 2024, 5 resolutions

Present: 7 promoters and 51 others.

  1. Adoption of the Financial Statements for the financial year ended March 31, 2024 and reports of the Board of Directors and Auditors thereon.
    Ordinary
    97.04% for2.96% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.96%

    Turnout: all 37.40% · promoters 100.00% · institutions 0.00% · other public 8.97%

  2. Appointment of a Director in place of Mr. Devanand Gurmukhdas Somani (DIN: 00515959), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    97.04% for2.96% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.96%

    Turnout: all 37.40% · promoters 100.00% · institutions 0.00% · other public 8.97%

  3. To approve the transactions/contracts/arrangements with related party under regulation 23 of the SEBI (LODR) Regulations, 2015.
    OrdinaryPromoters have an interest in it
    82.04% for17.96% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.96%

    Turnout: all 6.17% · promoters 0.00% · institutions 0.00% · other public 8.97%

  4. To approve the transactions/contracts/arrangements with related parties under regulation 23 of the SEBI (LODR) Regulations, 2015.
    OrdinaryPromoters have an interest in it
    82.04% for17.96% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.96%

    Turnout: all 6.17% · promoters 0.00% · institutions 0.00% · other public 8.97%

  5. Approval for Transactions of Loans, Investments, Guarantee or Security under Section 185 of the Companies Act, 2013.
    Special
    97.04% for2.96% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.96%

    Turnout: all 37.40% · promoters 100.00% · institutions 0.00% · other public 8.97%

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, 29 Sep 2023, 3 resolutions

Present: 7 promoters and 41 others.

  1. Adoption of the Financial Statements for the financial year ended March 31, 2023 and reports of the Board of Directors and Auditors thereon.
    Ordinary
    97.44% for2.56% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.46%

    Turnout: all 43.47% · promoters 100.00% · institutions 0.00% · other public 17.21%

  2. Appointment of a Director in place of Mr. Hemant Gurmukhdas Somani (DIN: 00515853), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    97.44% for2.56% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.46%

    Turnout: all 43.47% · promoters 100.00% · institutions 0.00% · other public 17.21%

  3. Re-appointment of the Statutory Auditors for a Second Term.
    Ordinary
    97.44% for2.56% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.46%

    Turnout: all 43.47% · promoters 100.00% · institutions 0.00% · other public 17.21%

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, 30 Sep 2022, 3 resolutions

Present: 7 promoters and 33 others.

  1. Adoption of the Financial Statements for the financial year ended March 31, 2022 and reports of the Board of Directors and Auditors thereon
    Ordinary
    97.31% for2.69% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.81%

    Turnout: all 43.68% · promoters 100.00% · institutions 0.00% · other public 17.52%

  2. Appointment of a Director in place of Mr. Devanand G. Somani (DIN: 00515959), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    97.31% for2.69% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.83%

    Turnout: all 43.68% · promoters 100.00% · institutions 0.00% · other public 17.52%

  3. Re-appointment of Mr. Narendra G. Somani (DIN : 00054229) as Whole time Director designated as ManagingnDirector of the Company
    SpecialPromoters have an interest in it
    97.31% for2.69% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.83%

    Turnout: all 43.67% · promoters 100.00% · institutions 0.00% · other public 17.52%

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, 29 Sep 2021, 6 resolutions

Present: 7 promoters and 41 others.

  1. Adoption of the Financial Statements for the financial year ended March 31, 2021 and reports of the Board of Directors and Auditors thereon
    Ordinary
    96.22% for3.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 25.02%

    Turnout: all 30.65% · promoters 82.03% · institutions 0.00% · other public 6.79%

  2. Appointment of a Director in place of Mr. Hemant G. Somani (DIN: 00515853), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    95.88% for4.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.27%

    Turnout: all 30.65% · promoters 82.03% · institutions 0.00% · other public 6.79%

  3. Appointment of Statutory Auditor of the company to fill casual vacancy.
    Ordinary
    96.22% for3.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 25.02%

    Turnout: all 30.65% · promoters 82.03% · institutions 0.00% · other public 6.79%

  4. To approve continuation of employment of Mr. Devanand G. Somani (DIN: 00515959) as a Whole-time Director designated as Executive Director
    SpecialPromoters have an interest in it
    95.70% for4.30% against

    Against: promoters 0.00% · institutions 0.00% · other public 28.41%

    Turnout: all 30.65% · promoters 82.03% · institutions 0.00% · other public 6.79%

  5. To approve continuation of employment of Mr. Hemant G. Somani (DIN: 00515853) as a Whole-time Director designated as Executive Director
    SpecialPromoters have an interest in it
    95.73% for4.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 28.23%

    Turnout: all 30.65% · promoters 82.03% · institutions 0.00% · other public 6.79%

  6. Regularization of Mr. Nishit Bharatbhai Popat (DIN: 09279612) as an Independent Director of the Company
    Ordinary
    95.85% for4.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.45%

    Turnout: all 30.65% · promoters 82.03% · institutions 0.00% · other public 6.79%

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, 24 Dec 2020, 4 resolutions

Present: 6 promoters and 27 others.

  1. Adoption of the Financial Statements for the financial year ended March 31, 2020 and reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

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

  2. Appointment of a Director in place of Mr. Devanand G. Somani (DIN: 00515959), 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 0.04%

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

  3. Regularization of Mr. Mansukhlal A. Nakrani (DIN: 02055297) as an Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

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

  4. Regularization of Mrs. Jasmin Jaykumar Doshi (DIN: 08686876) as an Independent Director of the Company.nn
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

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

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 disputeRajshah Enterprise Private Limited and OthersSince 20 Sep 2021
    Outcome Awaited
    At the filing before: The case against Company was filed by M/s. Rajshah enterprise Private Limited and other at the NCLT Ahmedabad alleging that there is oppression and mismanagement under section 241 (1) and 242 (4) of the companies Act, 2013 and Accordingly Company has filed reply and now matter pending at NCLT Ahmedabad.MoreLess
  • Tax disputeSERVICE TAX - AHMEDABAD, DIVISION BENCH2Since 31 Oct 2011
    Appeal Preferred and Disposal Pending before CESTAT
    At the filing before: Case No. SERVICE TAX/0000077/2012, Amount of Rs. 58 Lakhs.
  • Tax disputeSERVICE TAX - AHMEDABAD, DIVISION BENCH2Since 28 Oct 2011
    Appeal Preferred and Disposal Pending before CESTAT
    At the filing before: SERVICE TAX/0000078/2012, Amount of Rs. 1.70 Crore.
  • Tax disputeSERVICE TAX - AHMEDABAD, DIVISION BENCH2Since 28 Oct 2011
    Appeal Preferred and Disposal Pending before CESTAT
    At the filing before: SERVICE TAX/0000084/2012, Amount of Rs. 1.42 Crore.
  • Tax disputeSERVICE TAX - AHMEDABAD, DIVISION BENCH2Since 30 Nov 2011
    Appeal Preferred and Disposal Pending before CESTAT
    At the filing before: SERVICE TAX/0000085/2012, Amount of Rs. 21 Lakhs.
  • Tax disputeSERVICE TAX - AHMEDABAD, DIVISION BENCH2Since 30 Nov 2011
    Appeal Preferred and Disposal Pending before CESTAT
    At the filing before: SERVICE TAX/0000086/2012, Amount of Rs. 4.28 Crore.
  • Tax disputeGovernment of India, Ministery of finance, Income Tax Depaertment, Office of the Income Tax, TDS Circle AhmedabadSince 1 Oct 2013
    Appeal Pending before Hon'ble Gujarat High Court.
    At the filing before: TDS Amounting to Rs. 47 Lakhs which is disputed by the TDS Department from F.Y. 2012-13 and the matter is pending before Hon'ble Gujarat High Court.
  • Tax disputeDCIT, Central Circle - 1(4), Ahmedabad- Government of India, Ministery of finance, Income Tax Depaertment, Office of the Income Tax AhmedabadSince 31 Mar 2024
    Appeal Pending before Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals)
    At the filing before: Income Tax demand amounting to Rs. 41 Lakhs for A.Y. 2019-20 before Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals).
5 more
  • Tax disputeDCIT, Central Circle - 1(4), Ahmedabad-Government of India, Ministery of finance, Income Tax Depaertment, Office of the Income Tax AhmedabadSince 31 Mar 2024
    Appeal Pending before Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals)
    At the filing before: Income Tax demand amounting to Rs. 45 Lakhs for A.Y. 2020-21before Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals).
  • Tax disputeDCIT, Central Circle - 1(4), Ahmedabad- Government of India, Ministery of finance, Income Tax Depaertment, Office of the Income Tax AhmedabadSince 31 Mar 2024
    Appeal Pending before Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals)
    At the filing before: Income Tax demand amounting to Rs. 76 Lakhs for A.Y. 2022-23 before Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals).
  • Tax disputeGST DepartmentSince 26 Dec 2023
    Appeal pending with Commissioner of GST
    At the filing before: Amount of Rs. 40 Lakhs pending.
  • Tax disputeGhatak 5 Abad ,State Tax officer, Unit 5 AhmedabadSince 24 Dec 2024
    Outcome Awaited
    At the filing before: Amount of Rs. 6.18 Lakhs (Interest with Penalty) pending.
  • Tax disputeJoint Commissioner, Central Goods & Services Tax, Ahmedabad South, AhmedabadSince 19 Feb 2025
    Appeal to Appeallate Authority
    At the filing before: Rs. 5.16 Crore (Include tax amount, interest and penalty) Pending.

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
00Dec 2400Mar 2500Jun 2500Sep 2500Dec 2500Mar 2600Jun 2600Sep 26

Open at the quarter's end

0Dec 240Mar 250Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
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.