The National Company Law Tribunal has initiated the liquidation proceedings against James Hotels under the Insolvency and Bankruptcy Code, 2016 vide order dated 17 October 2018. Powered by Capital Market - Live News

Net Loss of James Hotels reported to Rs 3.31 crore in the quarter ended June 2018 as against net loss of Rs 3.49 crore during the previous quarter ended June 2017. Sales declined 0.43% to Rs 4.68 crore in the quarter ended June 2018 as against Rs 4.70 crore during the previous quarter ended June 2017. ParticularsQuarter Ended�Jun. 2018Jun. 2017% Var. Sales4.684.70 0 OPM %29.9129.57 - PBDT-1.70-1.57 -8 PBT-3.31-3.49 5 NP-3.31-3.49 5 Powered by Capital Market - Live News

James Hotels will hold a meeting of the Board of Directors of the Company on 14 Aug 2018.Powered by Capital Market - Live News

Net Loss of James Hotels reported to Rs 10.09 crore in the quarter ended March 2018 as against net loss of Rs 8.42 crore during the previous quarter ended March 2017. Sales declined 7.57% to Rs 4.15 crore in the quarter ended March 2018 as against Rs 4.49 crore during the previous quarter ended March 2017.For the full year,net loss reported to Rs 21.53 crore in the year ended March 2018 as against net loss of Rs 22.98 crore during the previous year ended March 2017. Sales declined 3.76% to Rs 17.66 crore in the year ended March 2018 as against Rs 18.35 crore during the previous year ended March 2017. ParticularsQuarter EndedYear Ended�Mar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var. Sales4.154.49 -8 17.6618.35 -4 OPM %-44.34-30.73 -11.832.45 - PBDT-8.15-6.05 -35 -13.83-13.65 -1 PBT-10.09-8.42 -20 -21.53-22.98 6 NP-10.09-8.42 -20 -21.53-22.98 6 Powered by Capital Market - Live News

The Committee of Creditors of James Hotels in the absence of any viable resolution plan has approved for liquidation of the Company in terms ofthe provisions ofthe Insolvency and Bankruptcy Code, 2016.Powered by Capital Market - Live News