Asian Hotels (North) Limited has officially announced the voting results and scrutinizer's report for the postal ballot conducted to approve the appointment of Ms. Karishma Kaur Gill as an Independent Director. The company communicated the results to BSE Limited and National Stock Exchange of India Limited on March 11, 2026, confirming the successful completion of the e-voting process.

Voting Results and Shareholder Participation

The postal ballot witnessed participation from 91 shareholders who cast their votes through the remote e-voting facility. The voting demonstrated overwhelming support for the appointment across all shareholder categories.

Director Appointment Details

Ms. Karishma Kaur Gill (DIN: 11434134) has been appointed as a Non-Executive Independent Director for a term of one year, effective from December 16, 2025, to December 15, 2026. The appointment was initially made as an Additional Director by the Board of Directors and subsequently approved by shareholders through the special resolution.

Regulatory Compliance and Scrutinizer Report

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014. Shashikant Tiwari, Partner of M/s. Chandrasekaran Associates, Company Secretaries, served as the appointed Scrutinizer and submitted the official scrutinizer's report.

The e-voting facility was provided by KFin Technologies Limited, with the voting period spanning from February 10, 2026, at 9:00 AM to March 11, 2026, at 5:00 PM. The company dispatched postal ballot notices via email to shareholders whose email addresses were registered with depositories or the Registrar and Transfer Agent.

Category-wise Voting Pattern

The voting results showed strong support across different shareholder categories, with both institutional and non-institutional public shareholders backing the resolution.

The resolution was declared passed with the requisite majority, and the appointment has been formalized in accordance with the company's Articles of Association and applicable regulatory frameworks. Asian Hotels (North) Limited operates the Hyatt Regency Delhi and is listed on both BSE and NSE.

Asian Hotels (North) Limited has secured listing approval from both major Indian stock exchanges for a significant preferential allotment of equity shares. The company received approvals from BSE and NSE on March 06, 2026, marking an important milestone in its capital raising activities.

Listing Approval Details

The company has obtained listing approval for 2,31,80,000 equity shares of Rs. 10 each, allotted on a preferential basis to ELANA HOLDINGS PTE. LTD. The approvals were communicated through official letters from both exchanges on the same date.

Share Allotment Specifications

The preferential allotment carries specific technical details that define the nature and scope of the transaction. BSE's approval letter provides comprehensive information about the share characteristics and pricing structure.

Regulatory Compliance Requirements

Both exchanges have outlined specific compliance requirements that the company must fulfill before trading approval is granted. BSE has emphasized adherence to SEBI regulations and filing requirements.

Key compliance requirements include:

• Filing shareholding pattern in XBRL mode if change exceeds 2% of total paid-up share capital
• Obtaining confirmation letters from NSDL/CDSL about crediting shares to beneficiary accounts
• Ensuring compliance with SEBI (ICDR) Regulations, particularly Regulation 167
• Meeting the seven working days timeline for trading approval application as per SEBI circular dated June 21, 2023

Trading Approval Process

NSE has granted in-principle approval for listing, with the shares set to be listed and admitted to dealings upon receipt of confirmation from depositories. The exchange has specified that actual trading will commence only after NSDL/CDSL confirms the credit of shares to respective beneficiary accounts.

BSE has similarly granted listing approval but emphasized that trading approval requires submission of additional documentation, including confirmation from the other exchange and depository confirmations. The company must file all required approvals together to proceed with trading.

Corporate Communication

The development was communicated to the exchanges through a letter signed by Tarun Srivastava, Company Secretary & Compliance Officer of Asian Hotels (North) Limited. The communication was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory compliance in the disclosure process.