Asian Hotels (North) Limited has successfully completed the preferential allotment of 27,37,500 equity shares to Elana Holding PTE Ltd at an issue price of ₹330 per share. The Board of Directors approved this allotment through a circular resolution on January 28, 2026, following earlier approvals from the Board meeting held on October 14, 2025, and shareholder approval at the Extraordinary General Meeting on November 08, 2025.

Allotment Details and Financial Impact

The preferential allotment comprises 27,37,500 fully paid-up equity shares with a face value of ₹10 each, issued at ₹330 per share including a premium of ₹320 per share. The total amount raised through this allotment aggregates to ₹90,33,75,000.

Capital Structure Changes

Following the preferential allotment, Asian Hotels (North) Limited's paid-up equity capital has increased significantly. The company's equity base expanded from ₹19,45,32,290 to ₹22,19,07,290, representing the issuance of additional equity shares.

Shareholding Pattern

Elana Holding PTE Ltd, which had no prior shareholding in the company, now holds 27,37,500 equity shares representing a 12.34% stake in Asian Hotels (North) Limited post-allotment. This marks the entry of a new significant investor in the company's shareholding structure.

Regulatory Compliance and Next Steps

The preferential allotment has been conducted in accordance with the applicable provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Asian Hotels (North) Limited will be making an application to the stock exchanges for listing and trading approval for the newly allotted shares in due course. The company operates Hyatt Regency Delhi and continues to strengthen its capital base through this strategic equity infusion.

Asian Hotels (North) Limited has received in-principle approval from both BSE and NSE for its proposed preferential issue of equity shares. The hotel company, which operates Hyatt Regency Delhi, announced the regulatory clearance on January 19, 2026, marking a significant step toward raising capital through the preferential route.

Stock Exchange Approvals Secured

The company received simultaneous approvals from both major Indian stock exchanges on January 19, 2026. BSE granted approval through letter number LOD/PREF/SS/FIP/1547/2026-27, while NSE issued its clearance via letter number NSE/LIST/51488. The approvals cover the issuance of 2,31,80,000 equity shares to non-promoter investors.

Issue Structure and Valuation

The preferential issue involves equity shares with a face value of ₹10.00 each, to be issued at a price not less than ₹330.00 per share. At the minimum issue price, the total fundraising would amount to approximately ₹765.00 crores. The shares will be issued on a preferential basis to non-promoter investors, subject to compliance with regulatory requirements.

Regulatory Compliance Conditions

Both stock exchanges have imposed several mandatory conditions for the preferential issue. The company must file its listing application at the earliest from the date of allotment and obtain all necessary statutory approvals from authorities including SEBI, RBI, and MCA. Additionally, Asian Hotels (North) must comply with all applicable guidelines and regulations as specified in SEBI LODR Regulations 2015 and the Companies Act.

Enhanced Internal Controls Required

The exchanges have specifically advised the company to strengthen internal controls to monitor trading activities by proposed allottees. Key requirements include:

• Obtaining undertakings from allottees confirming no intra-day trading in company scrip until allotment date
• Ensuring compliance with Regulation 167(6) of SEBI ICDR Regulations 2018
• Verifying adherence to Chapter V provisions of SEBI ICDR Regulations

BSE has emphasized that the company must submit its listing application within twenty days from the allotment date, as specified in SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance with this timeline will attract penalties as mentioned in the circular.

Next Steps and Timeline

Following the in-principle approvals, Asian Hotels (North) must complete several procedural requirements before proceeding with the share allotment. The company needs to obtain final statutory approvals, ensure compliance with all regulatory guidelines, and submit required documentation along with applicable fees to both exchanges. The exchanges reserve the right to withdraw approval if any submitted information is found incomplete, incorrect, or in contravention of applicable regulations.