SAMHI Hotels Provides Corporate Guarantees of Rs 228.13 Crore for Loans to Subsidiaries
By Ankur Chandra | Updated at: May 31, 2025 10:46 PM IST
SAMHI Hotels Ltd has disclosed the extension of corporate guarantees and pledge creation totaling ₹228.13 crore in favour of Axis Bank on behalf of five wholly owned subsidiaries under the Duet India Hotels banner. These guarantees support refinancing and credit facilities that are availed by the subsidiaries. Thereby, it forms a key part of the company’s ongoing growth and asset consolidation strategy.
Corporate Guarantee Details
The corporate guarantees and undertakings are in line with the arm’s length transactions and align with the SEBI LODR and the Companies Act. The Subsidiaries and the facility amount are as follows:
| Subsidiary | Credit Facility (₹ crore) |
|---|---|
| Duet India Hotels (Hyderabad) Pvt. Ltd. | 99.38 |
| Duet India Hotels (Chennai) Pvt. Ltd. | 21.78 |
| Duet India Hotels (Jaipur) Pvt. Ltd. | 21.52 |
| Duet India Hotels (Ahmedabad) Pvt. Ltd. | 26.65 |
| Duet India Hotels (Pune) Pvt. Ltd. | 58.80 |
| Total | 228.13 |
There is no promoter group involvement in these transactions, and the company retains full ownership of the concerned subsidiaries.
Strategic Context
This is in line with SAMHI’s strategy of stepping up its growth post IPO and the aim to optimise its debt. The guarantees fall in line with the company’s strategic plan to speed up the rebranding of assets, new developments and refinancing through tie-ups such as the one with GIC.
Financial Position
As of FY25, SAMHI has demonstrated a strong financial turnaround with a 20.6% YoY growth in RevPAR, ₹3,236 million in Q4 consolidated income (+11.6% YoY), and ₹1,307 million in EBITDA pre-ESOP (+21.4% YoY). The company also reported a Q4 PAT of ₹459 million and a full-year PAT of ₹855 million. The company has already reduced its Net Debt to EBITDA ratio to 3.2x, with expectations to bring it below 3.0x post-GIC investment, supporting free cash flow for upcoming projects.
Management Outlook
SAMHI continues to pursue a strategy of operational efficiency and targeted asset growth. With upcoming launches like the Westin-Tribute Portfolio dual-branded property in Bangalore and a W Hotel in Hyderabad, the company aims to double its upper-upscale inventory by FY29.
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REF: https://nsearchives.nseindia.com/corporate/Samhi_29052025211928_Disclosure_CorporateGuarantees_DuetRefinancing.pdf
