Annual Report of Ras Resorts And Apart Hotels Limited for the financial year 2025-2026.

Date: August 31, 2026 The General Manager BSE LIMITED Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Scrip code: 507966 Sub: Reg. 34 (1) of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015. Dear Sir/ Madam, Pursuant to Regulation 34 (1) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the 42nd Annual Report of the Company along with the Notice of Annual General Meeting for the Financial Year 2025-26. Kindly take the above information on record. Thanking you. Yours faithfully, For Ras Resorts and Apart Hotels Ltd Komal Bafna Company Secretary & Compliance Officer RRaass RReessooRRttss aanndd aappaaRRtt hhootteellss lliimmiitteedd 42nd ANNUAL REPORT 2025-26 Ras by tReat-aeRial view anotheR aeRial view of Ras by tReat bistRo the feast village RAS RESORTS AND APART HOTELS LIMITED BOARD OF DIRECTORS SAIFUDDIN ATTAR Chairman & Independent Director KAPIL SOMANI Independent Director ANIRUDH HARIANI Independent Director NALINI SHEWAKRAMANI Executive Director GAUTAM SHEWAKRAMANI Director RAHUL SHEWAKRAMANI Director VISHAMBER SHEWAKRAMANI Managing Director & CFO COMPANY SECRETARY & COMPLIANCE OFFICER KOMAL BAFNA AUDITORS Khandelwal & Mehta LLP MAIN BANKERS Indian Bank REGISTERED OFFICE Rosewood Chambers, 99/C, Tulsiwadi, Tardeo, Mumbai - 400 034. CIN: L45200MH1985PLC035044 E-mail: mumbaioffice@rasresorts.com, Website : www.rrahl.com Tel: 022-43216600 RESORT SITE Survey No. 128, Hissa No. 1, Silvassa Naroli Road, Contents Silvassa - 396 230, Union Territory of Dadra & Nagar Haveli. Page REGISTRAR & SHARE TRANSFER AGENT Nos. Satellite Corporate Services Private Limited 1. Notice 3-12 Office No. 106 & 107, Dattani Plaza, East West Compound, 2. Annexure to the Notice 13 Andheri-Kurla Road, Sakinaka, Mumbai - 400 072. 3. Board’s Report 14-27 4. Independent Auditors’ Report 28-32 5. Annexure to the Auditors’ Report 33-37 6. Balance Sheet 38 7. Statement of Profit & Loss 39 9. Cash Flow Statement 40-41 8. Notes 42-75 RAS RESORTS AND APART HOTELS LIMITED “Numbers tell the story of where we have been; judgment determines where we go next.’’ – Anonymous 42nd annual report 2025-26 NOTICE Notice is hereby given that the Forty Second Circulars”) permitted the holding of the AGM Annual General Meeting of the Members of Ras through VC/OAVM, without the physical Resorts and Apart Hotels Ltd will be held on presence of the Members at a common Saturday, September 26, 2026 at 11.00 a.m IST venue. In compliance with the provisions through Video Conferencing (“VC”) /Other Audio of Companies Act, 2013 and rules made Visual Means (“OAVM”) to transact the following thereunder and MCA Circulars, the AGM business: of the Company is being held through VC / OAVM. The registered office of the Company ORDINARY BUSINESS: shall be deemed to be the venue for the AGM. 1. To receive, consider and adopt the Audited 2. Pursuant to provisions of the Act a member Financial Statements of the Company for the entitled to attend and vote at the AGM is financial year ended March 31, 2026 together entitled to appoint a proxy to attend and with the Reports of the Board of Directors and vote on his/her behalf and the proxy need the Auditors thereon. not be a member of the Company. Since 2. To appoint a Director in place of Shri. Rahul this AGM is being held pursuant to the MCA Shewakramani (DIN: 00021195), who retires circular through Video Conferencing / Other by rotation and being eligible, offers himself Audio Visual Means, the physical attendance for re-appointment. of members has been dispensed with. By Order of the Board Accordingly, the facility for appointment of proxy(ies)by the members will not be available for the AGM and hence the Proxy form, Vishamber Shewakramani Attendance Slip and route map on AGM are Managing Director not annexed to this Notice. DIN: 00021163 3. The relevant details as required under Regulation 36(3) of SEBI (Listing Obligations Registered Office: and Disclosure Requirements) Regulations, Rosewood Chambers, 2015 (“SEBI Listing Regulations”) and 99/ C, Tulsiwadi, Tardeo, Secretarial Standard on General Meetings Mumbai 400 034. issued by the Institute of Company CIN: L45200MH1985PLC035044 Secretaries of India, of the person seeking Tel: 022-43216600 appointment / re-appointment as Director E-mail : mumbaioffice@rasresorts.com under Item No. 2 is annexed hereto. Website :www.rrahl.com 4. In accordance with the aforesaid MCA Circulars and Circular Nos. SEBI/HO/CFD/ Date: August 08, 2026 CMD1/CIR/P/2020/79 dated May 12, 2020, Place: Mumbai SEBI/HO/CFD/CMD2/CIR/P/2021/11 dated January 15, 2021, SEBI/HO/CFD/CMD2/ NOTES: CIR/P/2022/62 dated May 13, 2022 and SEBI/ 1. The Ministry of Corporate Affairs (“MCA”) has HO/CFD/PoD-2/P/CIR/2023/4 dated January vide its General Circular Nos. 14/2020 dated 5, 2023, October 7, 2023 and October 3, April 8, 2020 and 17/2020 dated April 13, 2024 issued by Securities Exchange Board 2020, General Circular Nos. 20/2020 dated of India (collectively referred to as “SEBI May 5, 2020, 09/2023 dated September 25, Circulars”), the Notice of the AGM along with 2023, 09/2024 dated September 19, 2024 and the Annual Report for FY 2025-26 is being subsequent circulars issued in this regard, sent by electronic mode to those Members the latest being 03/2025 dated September whose e-mail addresses are registered 22, 2025 (collectively referred to as “MCA with the Company/Depositories. The Notice RAS RESORTS AND APART HOTELS LIMITED convening the 42nd AGM has been uploaded Issue of duplicate securities certificate; claim on the website of the Company at https:// from unclaimed suspense account; renewal/ www.rrahl.com/ and may also be accessed exchange of securities certificate; endorsement; on the websites of the Stock Exchanges i.e. sub-division/splitting of securities certificate; BSE Limited at https://www.bseindia.com/ consolidation of securities certificates/folios; The Notice is also available on the website of transmission and transposition. NSDL at https://www.evoting.nsdl.com/ Accordingly, Members are requested to 5. Members are requested to notify immediately make service requests by submitting a duly any change of particulars such as name, filled and signed Forms, the format of which postal address, e- mail address, telephone/ is available on the Company’s website at mobile numbers, PAN, registering of https://www.rrahl.com/ and on the website nomination, bank mandate details etc.: of the Company’s RTA, at M/s Satellite Corporate Services Pvt Ltd https http://www. (i) to their Depositary Participants (DPs) satellitecorporate.com/Write%20up%20on%20 in respect of their electronic share KYC.pdf. It may be noted that any service accounts, and request can be processed only after the folio (ii) to the Company’s Registrar & Share is KYC Compliant. Transfer Agents, M/s Satellite Corporate 9. In terms of Regulation 40(1) of SEBI Listing Services Pvt. Ltd., Office no.106 & 107, Regulations, as amended from time to time, Dattani Plaza, East West Compound, transfer, transmission and transposition Andheri Kurla Road, Sakinaka, of securities shall be effected only in Mumbai-400072., in respect of their dematerialized form. In view of the same physical share folios, if any, quoting their and to eliminate all risks associated with folio numbers. physical shares and avail various benefits 6. The Securities and Exchange Board of of dematerialization, Members are advised India (SEBI) has mandated the submission to dematerialize the shares held by them in of Permanent Account Number (PAN) by physical form. Members can contact M/s every participant in the securities market. Satellite Corporate Services Pvt Ltd, for Members holding shares in electronic form assistance in this regard. are, accordingly, requested to submit their 10. As per the provisions of Section 72 of the Act, PAN to the Depository Participants with whom the facility for making nomination [Showing first 8,000 characters — download PDF for full document]