Asian Hotels (North) Limited, a prominent player in the hospitality sector, recently held an Extraordinary General Meeting (EGM) that saw the passage of two significant resolutions. The meeting, conducted through video conferencing on November 8, 2025, marked important decisions for the company's future.

Key Resolutions Passed

The EGM, which commenced at 11:30 AM and concluded at 12:11 PM, saw robust participation from shareholders. Two resolutions were put to vote:

1. Increase in Authorized Share Capital: An ordinary resolution to increase the authorized share capital and amend the capital clause of the memorandum of association.
2. Issuance of Equity Shares: A special resolution for the issuance of equity shares on a preferential basis.

Both resolutions received overwhelming support from the shareholders, with over 99% votes cast in favor.

Shareholder Participation and Voting Results

The meeting witnessed significant engagement from public shareholders:

The voting results for the resolutions were as follows:

Corporate Governance and Compliance

The EGM was conducted in compliance with the applicable provisions of the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). The company ensured transparency by appointing M/s. Chandrasekaran Associates as the scrutinizer for the e-voting process.

Management Presence

The meeting was attended by key management personnel, including:

• Mr. Arjun Raghavendra Murlidharan (Chairman & Independent Director)
• Dr. Arun Gopal Agarwal (CEO & Executive Director)
• Mr. Krishna Kumar Acharya (Executive Director)
• Dr. Sharad Sharma (Whole Time Director)
• Other independent directors and key executives

Implications for Investors

The passage of these resolutions signals potential strategic moves by Asian Hotels (North) Limited. The increase in authorized share capital could pave the way for future fundraising activities, while the approval for issuing equity shares on a preferential basis might indicate plans for targeted capital infusion or strategic partnerships.

Investors and market watchers may keep a close eye on how the company utilizes these newly granted authorizations to drive growth and enhance shareholder value in the competitive hospitality sector.

Asian Hotels (North) Limited may provide further announcements detailing the specifics of the share capital increase and the terms of the preferential share issuance in the coming weeks.

Asian Hotels (North) Limited has taken a significant step towards financial restructuring by entering into a Definitive Share Subscription Agreement with Elana Holdings Pte. Ltd., Singapore. The agreement, approved by the company's Board of Directors on October 14, 2025, marks a substantial capital infusion aimed at addressing the company's outstanding debts.

Key Details of the Agreement

Terms of the Investment

The agreement stipulates that Elana Holdings will invest as a financial investor without exercising control over Asian Hotels (North) Limited. Key points of the agreement include:

• Elana Holdings will not be part of the promoter group
• The investor has no right to nominate directors
• The transaction does not constitute a related party transaction

Capital Structure Changes

To accommodate this significant investment, Asian Hotels (North) Limited is set to increase its Authorized Share Capital:

Shareholder Approval and Regulatory Compliance

The preferential issue and the increase in authorized share capital are subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for November 8, 2025. The company has set October 10, 2025, as the cut-off date for determining shareholder eligibility for the EGM.

Market Impact

Post-allotment, Elana Holdings is expected to hold a 54.37% stake in Asian Hotels (North) Limited on a fully diluted basis. This substantial investment could potentially improve the company's financial health and debt profile, which may have positive implications for its market performance and future growth prospects.

The move by Asian Hotels (North) Limited demonstrates a proactive approach to addressing its financial obligations and strengthening its capital structure. As the hospitality sector continues to recover from the impacts of the global pandemic, this infusion of funds could provide the company with the necessary resources to navigate challenges and capitalize on emerging opportunities in the market.