Ms. Kanta Agarwala acquired 25,000 equity shares of Asian Hotels (North) Limited through open market transactions on June 04, 2026. This acquisition represents 0.06% of the company's total issued and paid-up equity share capital. The disclosure was submitted to the stock exchanges in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Following the transaction, Ms. Agarwala's total holding in the company increased to 3,35,321 equity shares, constituting 0.79% of the total voting capital. The shares were acquired at a time when the company's total equity share capital stood at 4,26,33,229 shares of ₹10 each. The acquirer is classified as a relative of Ms. Shreya Agarwal and does not belong to the promoter or promoter group of the target company.

Shareholding Details

The filing outlines the shareholding patterns of the Persons Acting in Concert (PAC) before and after the acquisition. The group includes Elana Holdings Pte. Ltd., Ms. Shreya Agarwal, and Mr. Suresh Kumar Agarwala.

Holding Before Acquisition

Holding After Acquisition

The total diluted share capital of Asian Hotels (North) Limited remains unchanged at 4,26,33,229 equity shares. The company's shares are listed on BSE Limited and National Stock Exchange of India Limited.

Asian Hotels (North) Limited reported a net loss of ₹10,224.95 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹18,725.97 lakh in the previous year. The company successfully resolved defaults on borrowings aggregating ₹59,326.46 lakh in principal and ₹23,709.15 lakh in interest by issuing 2,31,80,000 equity shares on a preferential basis, raising ₹76,494.00 lakh. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

Financial Performance

Revenue from operations for FY26 rose to ₹34,108.11 lakh from ₹31,819.24 lakh in FY25. However, the company recorded a loss before exceptional items and tax of ₹3,679.98 lakh for the year. The results included exceptional items amounting to ₹10,496.15 lakh, primarily related to financial charges recognized due to the aforementioned defaults. The statutory auditors, M/s G.K. Choksi & Co., issued an unmodified opinion on the results, though they highlighted material uncertainty related to the company's ability to continue as a going concern due to current liabilities exceeding current assets.

Leadership Changes

The board approved significant changes in its leadership team. Mr. Sunil Upadhyay resigned as Chief Financial Officer effective May 31, 2026. Consequently, the board appointed Mr. Sachin Goel, Director of Finance, as the new Chief Financial Officer effective June 1, 2026. Additionally, the board reappointed Dr. Arun Gopal Agarwal as Whole Time Director designated as CEO & Executive Director for a term of one year from July 30, 2026, to July 29, 2027, subject to shareholder approval.

Other Appointments

The board also approved the appointment of Ms. Kriti Narula Sehgal as Company Secretary & Compliance Officer effective June 1, 2026. Furthermore, M/s Agarwal U R S & Company were reappointed as Internal Auditors for the financial year 2026-27. The trading window, which was closed on April 1, 2026, will reopen 48 hours after the declaration of the financial results.