# HBG Hotels Limited (formerly known as Phoenix Township Limited) convened a Board of Directors meeting on May 8, 2026.

*business · news · 2026-05-08 · scanx.trade*

## Key points

- HBG Hotels Limited approved interim dividends for FY 2025-26, with a record date of May 15, 2026.
- The Board forfeited 4,45,000 unconverted warrants, including Rs. 22+ crore subscription amounts from specific allottees.
- Palolem Resorts LLP, a subsidiary, signed a long-term Taj Group management deal for a Goa property.
- HBG Hotels entered agreements with Marriott for a new hotel project in Kulathoor, Thiruvananthapuram, Kerala.
- Board approved initiating listing on the National Stock Exchange, pending NSE's approval.

**Companies:** Marriott Hotels India Private Limited, HBG Hotels Limited, Rajscape Hotels Private Limited, CBRE South Asia Pvt. Ltd.
**Countries:** India

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/hbg-hotels-board-approves-interim-dividend-marriott-hotel-agreements-and-warrant-forfeiture/39814156)

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