Sinclairs Hotels Ltd to discontinue operations at Sinclairs Udaipur

Sinclairs Hotels Limited has decided to discontinue its operations at Sinclairs Udaipur by cancelling the lease for the said property, with effect from 30th June 2026.

This decision was taken after careful evaluation of the unit's financial performance. The property was incurring continuous losses, which adversely impacted the overall profitability of the Company.

In light of the evolving business environment, the Company is focussing on West Bengal, where the Sinclairs brand enjoys strong recognition and goodwill. The Company is formulating plans for expansion of its existing properties in the State, as well as identifying new destinations for development of greenfield projects. With several major infrastructure projects underway in West Bengal, connectivity across the region is expected to improve significantly, providing a boost to tourism in the region.

Furthermore, the Government's continued emphasis on the development of North Bengal and Sikkim is expected to positively impact the Company's properties at Siliguri, Chalsa (Dooars), Kalimpong, Darjeeling and Gangtok.

Shares of SINCLAIRS HOTELS LTD. was last trading in BSE at Rs. 79.00 as compared to the previous close of Rs. 79.00. The total number of shares traded during the day was 713 in over 46 trades.

The stock hit an intraday high of Rs. 83.00 and intraday low of 79.00. The net turnover during the day was Rs. 56773.00.

Source : Equity Bulls

Keywords

SINCLAIRSHOTELS INE985A01022 DiscontinuingOperations SinclairsUdaipur