Asian Hotels (North) Ltd - 500023 - Utilization Of Proceeds Of Preferential Issue Of Shares
Asian Hotels (North) announced the full utilization of Rs. 764.94 crore raised via preferential issue. The funds were primarily used for debt repayment, and statutory auditors have certified no deviation from the stated objectives. This indicates sound financial management.
May 30 2026 19:17:04
Asian Hotels (North) Ltd - 500023 - Announcement under Regulation 30 (LODR)-Change in Directorate
Asian Hotels (North) re-appointed Dr. Arun Gopal Agarwal as CEO & Executive Director for a 1-year term, effective from July 30, 2026. This re-appointment ensures continuity in top leadership.
May 28 2026 19:56:38
Asian Hotels (North) Ltd - 500023 - Re-Appointment Of Internal Auditors
Asian Hotels North's auditors, G.K. Choksi & Co., noted a "Material Uncertainty related to Going Concern" in the FY26 standalone and consolidated financial results. This was due to incurred losses, current liabilities exceeding assets, and past defaults on Rs.593 cr principal and Rs.237 cr interest, though defaults were resolved via a Rs.765 cr preferential equity issue.
May 28 2026 19:46:40
Asian Hotels (North) Ltd - 500023 - Announcement under Regulation 30 (LODR)-Change in Management
Asian Hotels (North) appointed Mr. Sachin Goel as the new Chief Financial Officer, effective June 01, 2026. This follows the resignation of Mr. Sunil Upadhyay, effective May 31, 2026. Mr. Goel brings over 23 years of experience in finance leadership.
May 28 2026 19:28:42
Asian Hotels (North) Ltd - 500023 - Board Meeting Outcome for Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31.03.2026
Asian Hotels (North) board approved Q4 FY26 results with net profit of ₹3,130.59 lakhs and FY26 net loss of ₹10,224.96 lakhs. The company utilized ₹76,494 lakhs from preferential equity issuance to repay all prior borrowing defaults (₹59,326.46 lakhs principal, ₹23,709.15 lakhs interest), resolving the going concern issue. Mr. Sachin Goel was appointed CFO.
May 28 2026 18:35:15
Asian Hotels (North) Ltd - 500023 - Board Meeting Intimation for Consideration And Approval Of Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended 31.03.2026
Asian Hotels (North) announced that its Board of Directors will convene on May 28, 2026. The primary agenda includes considering and approving the audited financial results for the quarter and financial year ended March 31, 2026.
May 22 2026 13:32:37
Asian Hotels (North) Ltd - 500023 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Asian Hotels (North) proposes two Special Resolutions via postal ballot for Independent Director appointments. E-voting period is from May 19 to June 17, 2026, with a May 15, 2026 cut-off date for eligibility.
May 18 2026 19:36:23
Asian Hotels (North) Ltd - 500023 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Asian Hotels (North) Limited's Monitoring Agency Report for Q4 FY26 confirmed the full utilization of Rs. 764.94 crore raised through a preferential issue. The funds were used for debt repayment as per the stated objectives, with no delays in implementation.
May 15 2026 22:18:56
Read More