Asian Hotels (North) Limited

Asian Hotels (North) Ltd has announced the resignation of Mr. Sachin Goel from his position as Chief Financial Officer (CFO), Key Management Personnel (KMP), and Senior Management Personnel (SMP). The resignation is effective from the close of business hours on July 07, 2026. Mr. Goel cited personal reasons for his departure. The company has provided necessary disclosures as per SEBI (LODR) Regulations, 2015. The company secretary and compliance officer, Ms. Kriti Narula Sehgal, has formally communicated this change.

Asian Hotels (North) Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is effective from July 01, 2026, and will continue until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent insider trading during the period leading up to and immediately following the financial results announcement. Designated persons and their relatives are prohibited from trading in the company's securities during this window.

Asian Hotels (North) Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is effective from July 01, 2026, and will continue until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent insider trading during the period leading up to and immediately following the financial results announcement. Designated persons and their relatives are prohibited from trading in the company's securities during this window.

Ms. Kanta Agarwala, mother-in-law of an acquirer, has acquired 44,999 equity shares, representing 0.11% of the total issued and paid-up equity share capital of Asian Hotels (North) Limited. The acquisition was made through the open market on June 15, 2026. Following this transaction, the total shareholding of Ms. Kanta Agarwala in the company has increased to 0.96%. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Kanta Agarwala, through open market transactions, has acquired 30,000 equity shares of Asian Hotels (North) Limited, representing 0.07% of the company's total issued and paid-up equity share capital. This acquisition was made on June 12, 2026. The acquirer is not part of the promoter/promoter group. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following the acquisition, the total holding of the acquirer and Persons Acting in Concert (PACs) stands at 65.40%.

Kanta Agarwala, through open market transactions, has acquired 30,000 equity shares of Asian Hotels (North) Limited, representing 0.07% of the company's total issued and paid-up equity share capital. This acquisition was made on June 12, 2026. The acquirer is not part of the promoter/promoter group. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the acquisition, the total holding of the acquirer and Persons Acting in Concert (PACs) remains substantial.

Ms. Kanta Agarwala, mother-in-law of an acquirer, has acquired 25,000 equity shares, representing 0.06% of the total issued and paid-up equity share capital of Asian Hotels (North) Limited. The acquisition was made through the open market. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following the acquisition, the total holding of Ms. Kanta Agarwala in the company has increased to 3,35,321 shares, representing 0.79% of the total equity share capital.

Asian Hotels (North) Ltd. reports the utilization of proceeds from a preferential issue of shares for the period ended March 31, 2026. The company raised ₹764.94 crore on February 3, 2026, through a preferential issue. M/s. Infomerics Valuation and Rating Limited served as the monitoring agency. There was no deviation or variation in the use of funds raised. G. K. Choksi & Co., Chartered Accountants, provided an independent auditor’s certificate confirming the utilization of proceeds.

The company has addressed the fine of ₹4,48,400 each levied by BSE and NSE on February 27, 2026, for non-compliance with Regulation 17(1) of the Listing Regulations, specifically regarding the composition of the Board of Directors and failure to appoint a woman director. The Board noted the non-compliance in its meeting on May 28, 2026. The company had already appointed Ms. Karishma Kaur Gill as an Additional Independent Non-executive Woman Director on December 16, 2025, and shareholders approved her appointment via postal ballot on February 07, 2026. The company currently has an optimum board mix, including three independent directors (one woman director) out of six members. The Board stated the non-compliance was unintentional due to the time-consuming process of finding a suitable candidate and assured steps are being taken to prevent future delays.

The Board of Directors of Asian Hotels (North) Limited met on May 28, 2026. Key approvals included the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, with an unmodified opinion from M/s GK. Choksi & Co. The Board also approved the re-appointment of Dr. Arun Gopal Agarwal as CEO & Executive Director for one year. Mr. Sunil Upadhyay resigned as CFO, effective May 31, 2026, and Mr. Sachin Goel was appointed as the new CFO from June 1, 2026. Additionally, Ms. Kriti Narula Sehgal was appointed as Company Secretary & Compliance Officer, and M/s Agarwal U R S & Company were re-appointed as Internal Auditors for FY2026-27.