Asian hotels (north) Limited has announced the appointment of Mr. Yogesh Chander Modi as an Independent Director, bringing significant law enforcement expertise to its board. The appointment was formalized through Board Circular Resolution No. 23/2025-26 on March 25, 2026, following recommendations from the company's Nomination and Remuneration Committee.

Appointment Details

The board has appointed Mr. Modi as an Additional Director acting in the capacity of Independent Non-Executive Director in accordance with the Companies Act, 2013 and SEBI Listing Regulations. The appointment is effective for a two-year term from March 25, 2026 to March 24, 2028, subject to shareholder approval to be obtained within three months.

Professional Background

Mr. Yogesh Chander Modi brings extensive experience in law enforcement and investigation to the company's board. He is the former Director-General of the National Investigation Agency (NIA) of India, having served in this capacity from October 30, 2017 until his superannuation on May 31, 2021.

A retired 1984 batch officer of the Assam-Meghalaya cadre, Mr. Modi has over 37 years of experience in the Indian Police Service (IPS). His career includes significant tenure with the Central Bureau of Investigation (CBI) for approximately 10 years across two stints (2002-2010 and 2015-2017), where he handled Special Crime and Economic Offences besides Anti-Corruption cases.

Career Highlights

Mr. Modi's distinguished career spans multiple prestigious positions:

• Cabinet Secretariat Service (1991-2002): Worked with Cabinet Secretariat of India with various postings including one outside India
• State Postings: Served in Assam and Meghalaya as SDPO, District S.P., DIG (Range) and Additional Director General of Police (Law & Order)
• CBI Experience: Additional Director at CBI, New Delhi, prior to joining NIA
• NIA Leadership: Joined as Officer on Special Duty (OSD) on September 22, 2017, and was subsequently appointed Director-General

Regulatory Compliance

The company has confirmed that Mr. Modi is not related to any existing director in terms of Section 2(77) of the Companies Act, 2013, ensuring compliance with independence requirements. The appointment has been made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with proper intimation provided to both BSE Limited and National Stock Exchange of India Limited.

The appointment reflects the company's commitment to strengthening its board with experienced professionals who can provide strategic guidance and governance oversight.

Asian Hotels (North) Limited has received trading approval from both BSE Limited and National Stock Exchange of India Limited for 2,31,80,000 equity shares issued on preferential basis. The approvals, granted on March 20, 2026, enable trading of these shares from March 23, 2026.

Trading Approval Details

The company received comprehensive trading approvals from both major stock exchanges for its preferential share issue:

Exchange Notifications and Documentation

BSE Limited issued approval letter LOD/PREF/SV/357/2025-2026 dated March 20, 2026, while National Stock Exchange provided approval through letter NSE/LIST/53997 dated March 20, 2026. Both exchanges confirmed the shares are listed and admitted to dealings with the symbol ASIANHOTNR.

The preferential shares rank pari-passu with existing equity shares of the company. BSE issued Notice No. 20260320-24 to inform trading members about the new securities listing.

Allotment Schedule and Lock-in Provisions

The preferential shares were allotted across multiple dates with specific lock-in arrangements:

Regulatory Compliance and Market Integration

The trading approval represents the final step in the preferential share issuance process, following earlier listing approvals received on March 6, 2026. The company has maintained full compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

National Stock Exchange emphasized that all future critical and price-sensitive information submissions must be made through NEAPS (NSE Electronic Application Processing System) for efficient processing. The exchange has also launched a mobile application for listed entities to track submission status and monitor compliance requirements.

The successful completion of trading approvals enables immediate market participation for the preferential shares, providing liquidity to investors while maintaining appropriate lock-in restrictions until March 30, 2027.