Asian Hotels (North) has appointed Ms. Gauri Dhawan as Head of Marketing, PR and Branding, effective September 1, 2026. The Board of Directors approved the senior management personnel appointment on August 25, 2026.

The decision follows a recommendation from the Nomination and Remuneration Committee. The company disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Ms. Dhawan will serve in a full-time capacity. Her role encompasses brand strategy, public relations, influencer marketing, events, digital marketing and creative direction. She brings extensive experience with luxury Indianwear and lifestyle brands.

Her background includes leading integrated marketing initiatives for brand launches, campaigns, media relations, celebrity placements and experiential events. The company did not disclose any relationship between Ms. Dhawan and existing directors.

Regulatory Compliance

The disclosure aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Kriti Narula Sehgal, Company Secretary and Compliance Officer, signed the intimation letter addressed to the BSE and NSE listing departments.

Asian Hotels (North) reported a standalone net loss of ₹354.03 lakh for the quarter ended June 30, 2026, a significant improvement from the ₹1,355.47 lakh loss in the year-ago period. The hospitality company recorded revenue from operations of ₹7,763.43 lakh, up from ₹7,029.01 lakh in Q1FY26. This narrowing of losses reflects improved operating performance and cost optimization measures following an equity infusion of ₹76,494 lakh that strengthened the company’s liquidity position. On August 10, 2026, the Board of Directors approved these unaudited standalone and consolidated financial results and re-appointed Krishna Kumar Acharya as Whole Time Director designated as Executive Director.

The reduction in losses was driven by better top-line growth and controlled expenses. Statutory Auditors G. K. Choksi & Co. issued a limited review report on the financial statements, confirming compliance with Ind AS 34 and Regulation 33 of the SEBI Listing Regulations. The Board also scheduled the Annual General Meeting for September 29, 2026.

Q1FY27 Financial Performance

Asian Hotels (North) saw its revenue rise by approximately 10% year-on-year to ₹7,763.43 lakh. While total expenses stood at ₹8,274.59 lakh, the company managed to reduce its loss before tax to ₹473.10 lakh, compared to ₹819.82 lakh in Q1FY26. Deferred tax benefits of ₹119.07 lakh further contributed to the narrowing of the net loss.

Board Approvals and Governance

During the meeting held on August 10, 2026, the Board approved the re-appointment of Krishna Kumar Acharya (DIN: 08933298) as Whole Time Director designated as Executive Director for a term of two years, from August 12, 2026, to August 11, 2028. This appointment is subject to shareholder approval within three months. Mr. Acharya brings 37 years of banking experience, including over 20 years in credit appraisal and monitoring.

The Board also noted that the consolidated financial results include the wholly-owned subsidiary AHNL Realty Private Limited, effective August 8, 2025. Two other subsidiaries were excluded due to voluntary liquidation resulting in loss of control. The management highlighted that while current liabilities exceed current assets, the significant equity infusion has improved capital structure and financial flexibility, supporting the going concern basis of preparation.

Operational Updates

The company continues to monitor the implementation of the new Labour Codes notified by the Government of India. Management assessed that the incremental impact of these changes is not material to the standalone or consolidated financial results for Q1FY27. The primary operating segment remains Hotel Services, consistent with internal reporting to the chief operating decision-maker.