Asian Hotels (North) Limited has secured shareholder approval to appoint Mr. Yogesh Chander Modi and re-appoint Mr. Naresh Kumar Jain as Independent Directors. The special resolutions were passed via remote e-voting, which concluded on June 17, 2026. These appointments are effective for two-year terms, ensuring continued governance oversight at the hospitality company.

The postal ballot process sought approval for Mr. Yogesh Chander Modi (DIN: 11574896) to serve as an Independent Director for a period of two years from March 25, 2026, to March 24, 2028. Additionally, shareholders voted on the re-appointment of Mr. Naresh Kumar Jain (DIN: 01281538) for a second two-year term from May 29, 2026, to May 28, 2028. The resolutions also included approval for Mr. Jain to continue as an Independent Director beyond the age of 75 years, in compliance with SEBI regulations.

The e-voting facility was open from Tuesday, May 19, 2026, until Wednesday, June 17, 2026. A total of 114 members participated in the voting process, representing 36,820,213 shares. The results indicated strong support from institutional and non-institutional public shareholders, with the requisite majority obtained for both special resolutions.

The detailed voting results for the appointment of directors are summarised below:

Public institutions held 24,997,154 shares, with 23,900,050 votes polled in favour of the resolutions. Public non-institutions, holding 17,636,075 shares, cast 12,918,600 votes in favour. There were no votes cast by the promoter and promoter group. The scrutinizer's report confirmed that the resolutions were passed with the required majority and deemed to be passed on June 17, 2026.

The postal ballot notice was dispatched on May 18, 2026, to members whose email IDs were registered with the depositories or the Registrar and Share Transfer Agent. M/s. KFin Technologies Limited acted as the agency providing the e-voting facility. Shashikant Tiwari, Partner of M/s. Chandrasekaran Associates, Company Secretaries, served as the scrutinizer for the process.

Ms. Kanta Agarwala has acquired 44,999 equity shares of Asian Hotels (North) Limited through the open market, increasing her shareholding in the company. The transaction, which took place on June 15, 2026, represents 0.11% of the target company's total issued and paid-up equity share capital. Following this acquisition, Agarwala's total holding in the company has risen to 0.96%.

The disclosure was submitted by Shreya Agarwal on behalf of her relative, Ms. Kanta Agarwala, in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing identifies Elana Holdings Pte. Ltd., Ms. Shreya Agarwal, and Mr. Suresh Kumar Agarwala as Persons Acting in Concert (PAC) with the acquirer. The acquirer does not belong to the promoter or promoter group of the company.

Shareholding Details

The acquisition details outline the changes in shareholding for the acquirer and the PACs. Prior to the transaction, the group held a cumulative 65.40% of the total share capital. Following the purchase of 44,999 shares, the combined holding has increased to 65.51%.

Transaction Overview

The total equity share capital of Asian Hotels (North) Limited stands at 4,26,33,229 equity shares of ₹10 each. The acquisition was executed solely through the open market route, and there were no changes in holdings involving warrants, convertible securities, or encumbered shares. The filing confirms that the total diluted share and voting capital remains unchanged at 4,26,33,229 equity shares.