Asian hotels (north) Limited has announced that its board of directors will convene on February 13, 2026, to review and approve the company's unaudited standalone financial results. The meeting will focus on the financial performance for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has formally notified both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) about the scheduled board meeting in accordance with Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Status

The company has provided an update on its trading window restrictions. The trading window for dealing in Asian Hotels (North) Limited securities was previously closed effective January 01, 2026, as communicated in an earlier intimation dated December 23, 2025.

Following the board meeting and declaration of financial results, the trading window will reopen after a mandatory 48-hour period. This timeline aligns with regulatory requirements for insider trading prevention during result announcement periods.

Corporate Communication

The official communication was signed by Tarun Srivastava, Company Secretary & Compliance Officer, and addressed to the Corporate Services Department of BSE Ltd. and the Listing Department of NSE. The company trades under the symbol ASIANHOTNR on NSE and carries the scrip code 500023 on BSE.

Asian Hotels (North) Limited operates premium hospitality properties, including the Hyatt Regency Delhi, and maintains its registered office at Bhikaji Cama Place, New Delhi. The company's systematic approach to regulatory compliance demonstrates its commitment to transparency and adherence to market regulations.

Elana Holdings PTE. LTD. has successfully completed a major acquisition in Asian Hotels (North) Limited, acquiring a substantial 39.42% equity stake through a preferential share allotment. The transaction, completed between February 02, 2026 to February 03, 2026, represents a significant corporate development that has transformed Elana Holdings into the majority shareholder of the hospitality company.

Transaction Details

The acquisition involved the allotment of 1,68,05,943 equity shares with specific pricing and structural parameters:

The pricing was determined in compliance with Regulation 164A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, ensuring adherence to regulatory pricing norms for preferential issues.

Shareholding Transformation

The transaction has significantly altered the ownership structure of Asian Hotels (North) Limited, with Elana Holdings' stake increasing substantially:

This transformation positions Elana Holdings as the controlling shareholder with majority ownership in the target company.

Regulatory Compliance Framework

The acquisition was structured under specific regulatory exemptions and compliance requirements:

• Exemption Basis: Regulation 10(2B) of SEBI (SAST) Regulations, 2011
• Open Offer Requirement: Exempted due to preferential issue structure
• Prior Disclosure: Not required under Regulation 10(5) due to preferential issue compliance
• Stock Exchange Listing: BSE Limited and National Stock Exchange of India Limited

The transaction was executed through a preferential issue mechanism, which provided regulatory exemptions from mandatory open offer requirements that typically apply to substantial acquisitions exceeding specified thresholds.

Corporate Structure and Authorization

Elana Holdings PTE. LTD., a Singapore-incorporated entity with UEN 202404722W, completed the acquisition with proper corporate authorization. The disclosure documents were signed by Shreya Agarwal, serving as Director and Authorized Signatory for the acquiring company.

The acquisition represents a strategic investment in the Indian hospitality sector, with Asian Hotels (North) Limited being the target company listed on major Indian stock exchanges. The transaction has been properly disclosed to regulatory authorities and stock exchanges in compliance with substantial acquisition disclosure requirements under SEBI regulations.