Asian Hotels (North) Limited has successfully cleared all outstanding loan defaults with its lenders after completing a substantial preferential equity issue. The company announced on February 07, 2026, that it has resolved defaults with three key lenders using proceeds from its recent fundraising initiative.

Preferential Equity Issue Details

The company completed the allotment of equity shares following in-principle approval from stock exchanges. The fundraising exercise involved issuing new equity to institutional investors on a preferential basis.

Loan Default Resolution

The company had previously reported defaults on payment of interest and repayment of principal amounts through intimations dated August 13, 2025, August 14, 2025, and September 27, 2025. The defaults involved three specific lenders who had outstanding dues from the hospitality company.

Lenders with Cleared Defaults:

• Star Strength
• Ambitious Cement Private Limited
• J.C. Flowers Asset Reconstruction Private Limited (assigned from Sammaan Capital Limited)

Asian Hotels confirmed that the entire proceeds from the preferential issue were utilized exclusively for repayment of borrowings, as previously committed by the company management.

Financial Restructuring Impact

The successful clearance of all overdue amounts has resulted in complete regularization of the company's accounts with the affected lenders. This development marks the full resolution of defaults that had been outstanding since mid-2025, providing the company with a clean slate regarding its borrowing obligations.

The company has formally notified both BSE Limited and National Stock Exchange of India about the completion of this financial restructuring exercise. Asian Hotels trades on BSE under scrip code 500023 and on NSE under the symbol ASIANHOTNR.

Corporate Governance

The announcement was made by Company Secretary and Compliance Officer Tarun Srivastava, ensuring proper regulatory disclosure under applicable listing regulations. The company maintains its registered office at Bhikaji Cama Place, New Delhi, and operates Hyatt Regency Delhi as part of its hospitality portfolio.

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.