Asian Hotels (North) Limited has announced significant corporate actions that could reshape its capital structure and ownership. The company's Board of Directors has approved two major proposals: an increase in authorized share capital and a substantial preferential issue to a non-promoter entity.

Authorized Share Capital Increase

The Board has given the green light to increase the company's authorized share capital from Rs. 70.00 crore to Rs. 75.00 crore. This will be achieved by adding 50 lakh equity shares with a face value of Rs. 10 each. The move is subject to shareholder approval and other regulatory clearances.

Preferential Issue Details

In a more significant development, the Board has approved a preferential issue of up to 2.32 crore equity shares at Rs. 330.00 per share to Elana Holdings PTE. LTD, a non-promoter entity. This move is expected to raise approximately Rs. 765.00 crore for the company.

Key details of the preferential issue:

Ownership Impact

Post-allotment, Elana Holdings PTE. LTD is set to hold a significant 54.37% stake in Asian Hotels (North) Limited on a fully diluted basis. This marks a substantial shift in the company's ownership structure.

Regulatory Compliance

The preferential issue price has been determined in compliance with Regulation 164A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The entire process is subject to shareholder approval and other necessary regulatory clearances.

Upcoming Extraordinary General Meeting

To seek shareholder approval for these proposals, an Extraordinary General Meeting (EGM) has been scheduled for November 8, 2025. The company has set October 10, 2025, as the cut-off date for determining shareholder eligibility to participate in the EGM.

Conclusion

These corporate actions represent a significant development for Asian Hotels (North) Limited, potentially impacting its capital structure, ownership, and future strategic direction. Shareholders and market participants will be keenly watching the outcome of the upcoming EGM and the subsequent implementation of these proposals.

Asian Hotels (North) , a prominent player in the hospitality sector, has announced a strategic move into the real estate market with the incorporation of a wholly owned subsidiary, AHNL Realty Private Limited. The new entity, approved by the Ministry of Corporate Affairs on August 08, 2025, marks a significant step in the company's diversification strategy.

Subsidiary Details

AHNL Realty Private Limited, incorporated with an authorized capital of Rs. 5.00 lakh, will focus on various aspects of the real estate sector. The subsidiary's primary activities will include:

• Purchasing and selling properties
• Developing and constructing real estate
• Dealing in residential and commercial properties

Asian Hotels (North) Limited has acquired 100% shareholding in the new subsidiary through a cash subscription at face value, with 50,000 equity shares priced at Rs. 10.00 each.

Strategic Expansion

The formation of AHNL Realty Private Limited aligns with Asian Hotels (North) Limited's objective to diversify and expand its current business operations. This move is expected to enhance the company's agility and broaden its market presence beyond the hospitality sector.

Tarun Srivastava, Company Secretary & Compliance Officer of Asian Hotels (North) Limited, confirmed the development in a regulatory filing to the BSE and NSE. The company views this expansion into real estate as a complementary addition to its existing hospitality business.

Market Implications

This strategic diversification could potentially open new revenue streams for Asian Hotels (North) Limited, allowing it to capitalize on opportunities in the dynamic real estate market. The move may also provide synergies with its core hospitality business, possibly leading to integrated property development and management projects in the future.

Regulatory Compliance

The incorporation of AHNL Realty Private Limited has been duly reported to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are fully informed about the company's strategic decisions and expansion plans.

As Asian Hotels (North) Limited ventures into this new territory, stakeholders will be keen to observe how this diversification impacts the company's overall growth strategy and financial performance in the coming years.