Board Meeting9 Jul 2026, 06:40 pm
Asian Hotels (East) Declares Audited FY26 Results, No Dividend Recommended
AI Summary
Asian Hotels (East) Ltd announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors took note of the audit report issued by M/s Singhi & Co, Chartered Accountants. The auditors issued a modified opinion on the financial results due to a significant doubt regarding the recoverability of the company's investment in its wholly-owned subsidiary, GJS Hotels Limited, following an order to vacate a property in Odisha and forfeiture of a bank guarantee. The company has not recommended any dividend for FY26 to conserve cash for capex and support its subsidiary.
Key Highlights
- Audited standalone and consolidated financial results for FY26 declared.
- Auditors issued a modified opinion on the financial results.
- Significant doubt raised on recoverability of investment in a subsidiary.
- No dividend recommended for FY26 to conserve cash resources.
- Company to provide financial support to its WoS Novak Hotels Pvt Ltd.
Price Impact
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