Asian Hotels (East) Limited will transfer unclaimed dividends for the financial year ended March 31, 2019, and the corresponding equity shares to the Investor Education and Protection Fund (IEPF) on September 10, 2026. The transfer follows the provisions of Section 124(6) of the Companies Act, 2013, and Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The company has informed that individual communications have been sent to affected shareholders, and details are available on its website.

Shareholders whose shares are liable for transfer must submit valid claims on or before August 31, 2026. If no claim is received by this date, the company will proceed to transfer the equity shares and unclaimed dividends to the IEPF Authority without further notice. Original share certificates registered in the name of concerned shareholders will stand automatically cancelled and deemed non-negotiable upon transfer.

Following the transfer, any corporate benefits arising from such shares will be credited to the IEPF, and voting rights on these shares will remain frozen until the rightful owner claims them. The company stated that no claim shall lie against it regarding the unclaimed dividend and shares once transferred. Shareholders can claim the equity shares and dividends from the IEPF Authority by following the guidelines specified in Rule 7 of the IEPF Rules.

Key Dates for Shareholders

For queries, shareholders may contact the company's Registrar and Share Transfer Agent, M/s KFin Technologies Ltd. The contact details include Mr. Suresh Babu D., Senior Manager, at Selenium Building, Tower-B, Hyderabad, or via email at einward.ris@kfintech.com .

Asian Hotels (East) Limited has announced a delay in the submission of its audited standalone and consolidated financial results for the quarter and financial year ended 31st March, 2026. The decision follows advice from statutory auditors M/s Singhi & Co, who indicated that certain matters relating to the company's investment in its wholly-owned subsidiary require further examination. As a result, the Audit Committee chose not to recommend the draft financial results and statements to the Board, leading the Board to defer their approval.

The company stated that it is taking all necessary steps and will inform the exchanges of the revised date for the board meeting in due course. The inability to submit the results within the prescribed timeline stems directly from the need to complete these audit-related procedures. The meeting of the Board of Directors was held on 30th May, 2026, commencing at 02:30 p.m. and concluding at 06:10 p.m.

Separately, the Board reappointed Mr Sandipan Chakravortty as Independent Director for a second term of five consecutive years. This reappointment is effective from 10th August, 2026 to 9th August, 2031, subject to the approval of shareholders. The decision was based on the recommendation of the Nomination and Remuneration Committee made at its meeting on 28th March, 2026.

The company confirmed that Mr Sandipan Chakravortty satisfies the independence criteria prescribed under the Companies Act, 2013 and the Listing Regulations, 2015. It further verified that he is not debarred from holding the office of director by any order passed by SEBI or other authorities. Shareholder approval for the reappointment will be sought in due course.

Key Disclosures