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Latest news about Asian Hotels (North)

Asian Hotels (North) Limited: Vistra ITCL Discloses Share Encumbrance Under Takeover Regulations 5 days ago

Vistra ITCL (India) Limited has disclosed encumbrance over 2,31,80,000 equity shares (54.37% stake) of Asian Hotels (North) Limited under SEBI Takeover Regulations. The arrangement involves debenture trust deed dated January 24, 2026, and facility agreements with multiple parties including Elana Holdings Pte. Ltd. Asian Hotels (North) has agreed to shareholding pattern restrictions requiring debenture trustee consent for any changes.

Asian Hotels (North) Limited Announces Completion of Independent Director's Term 6 days ago

Asian Hotels (North) Limited Announces Official Voting Results for Independent Director Appointment 7 days ago

Asian Hotels (North) Limited Receives Listing Approval for 2,31,80,000 Equity Shares Allotted on Preferential Basis Mar 06, 2026

Asian Hotels (North) Limited Receives ₹4.48 Lakh Fine from Both BSE and NSE Mar 03, 2026

More news about Asian Hotels (North)

27Feb 26

Asian Hotels (North) Limited Announces Withdrawal of Credit Rating After Full Repayment of Bank Facilities

Asian Hotels (North) Limited announced the withdrawal of its 'IVR D' credit rating by Infomerics Valuation and Rating Ltd on February 26, 2026, following full repayment of bank facilities worth Rs. 685.05 crore. The company submitted withdrawal request along with 'No Dues Certificate' from lenders, indicating zero outstanding amounts. Recent financial performance shows improvement with operating income rising to Rs. 318.19 crore in FY 2024-25 and PAT turning positive at Rs. 187.26 crore.

14Feb 26

Asian Hotels (North) Reports Q3FY26 Net Loss of ₹5,647.37 Lakhs, Raises ₹76,494 Lakhs Through Equity Issue

Asian Hotels (North) Limited reported a net loss of ₹5,647.37 lakhs for Q3FY26 compared to a profit of ₹9,030.38 lakhs in Q3FY25, despite revenue growth of 5.22% to ₹9,098.44 lakhs. For nine months ended December 31, 2025, the company posted a net loss of ₹13,355.55 lakhs against a profit of ₹1,307.85 lakhs in the previous year. The company successfully raised ₹76,494.00 lakhs through preferential equity issue, issuing 2,31,80,000 shares at ₹330 each, with proceeds utilized to fully repay outstanding borrowings and resolve defaults aggregating ₹59,326.46 lakhs in principal and ₹8,137.59 lakhs in interest.

07Feb 26

Asian Hotels (North) Limited Announces Resignation of Vice President - Projects

Asian Hotels (North) Limited announced the resignation of Mr. Vipin Vasudeva, Vice President - Projects and Senior Management Personnel, effective January 21, 2026, due to personal health reasons. After serving 16 years with the company, Mr. Vasudeva submitted his resignation on December 10, 2025, citing critical health issues requiring family support and relocation. The company has completed all regulatory filings under SEBI Regulation 30 with BSE and NSE.

07Feb 26

Asian Hotels (North) Limited Clears All Loan Defaults After ₹764.94 Crore Equity Fundraise

Asian Hotels (North) Limited has successfully resolved all loan defaults with three lenders after raising ₹764.94 crore through preferential allotment of 23180000 equity shares on February 07, 2026. The company cleared overdue amounts with Star Strength, Ambitious Cement Private Limited, and J.C. Flowers Asset Reconstruction Private Limited, regularizing all affected accounts. This financial restructuring resolves defaults that were first reported in August-September 2025, providing the hospitality company with improved financial standing.

06Feb 26

Asian Hotels (North) Limited Schedules Board Meeting for February 13, 2026 to Review Q3FY26 Financial Results

Asian Hotels (North) Limited has scheduled a board meeting for February 13, 2026, to consider and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The company has notified stock exchanges in compliance with SEBI regulations, and the trading window will reopen 48 hours after the financial results declaration.

04Feb 26

Elana Holdings PTE. LTD. Acquires 39.42% Stake in Asian Hotels (North) Limited Through Preferential Issue

Elana Holdings PTE. LTD. acquired 39.42% equity stake in Asian Hotels (North) Limited through preferential allotment of 1,68,05,943 shares at Rs. 330 per share between February 02-03, 2026. The acquisition increased Elana Holdings' total shareholding from 24.68% to 54.37%, making it the majority shareholder. The transaction was conducted under regulatory exemptions and complied with SEBI disclosure requirements.

28Jan 26

Asian Hotels (North) Limited Completes Preferential Allotment of 27.38 Lakh Equity Shares at ₹330 Per Share

Asian Hotels (North) Limited completed a preferential allotment of 27,37,500 equity shares at ₹330 per share to Elana Holding PTE Ltd, raising ₹90,33,75,000. The allotment increased the company's paid-up capital from ₹19,45,32,290 to ₹22,19,07,290, with total shares rising from 1,94,53,229 to 2,21,90,729. Elana Holding PTE Ltd now holds a 12.34% stake in the company post-allotment.

19Jan 26

Asian Hotels (North) Receives Stock Exchange Approval for ₹765 Crore Preferential Issue

Asian Hotels (North) Limited has obtained in-principle approval from BSE and NSE for preferential issue of 2,31,80,000 equity shares at minimum ₹330 per share, potentially raising ₹765 crores. The approvals received on January 19, 2026, are subject to regulatory compliance conditions including timely listing application filing and enhanced internal controls to monitor allottee trading activities.

16Jan 26

Asian Hotels (North) Limited Approves ₹300 Crore NCD Issuance at 12.5% Interest Rate

Asian Hotels (North) Limited's board approved issuance of ₹300 crores worth NCDs on January 16, 2026, comprising 3,000 debentures of ₹10 lakhs each on private placement basis. The securities offer 12.5% annual coupon with monthly payments and 2-year tenure, secured by pari passu first charge on Hyatt Regency hotel property at Bhikaji Cama Place, New Delhi. The company disclosed existing defaults of ₹770.12 crores on bank loans as of December 31, 2025.

07Jan 26

Asian Hotels (North) Reports Total Financial Debt of ₹7.70 Billion as of December 31

Asian Hotels (North) Limited reported total financial debt of ₹7.70 billion as of December 31. The disclosure provides stakeholders with important information about the hospitality company's debt obligations and capital structure. This financial reporting helps market participants assess the company's leverage position in the hotels and restaurants sector.

16Dec 25

Asian Hotels (North) Limited Appoints Ms. Karishma Kaur Gill as Independent Woman Director

Asian Hotels (North) Limited appointed Ms. Karishma Kaur Gill as Additional Independent Non-Executive Woman Director for a one-year term from December 16, 2025 to December 15, 2026. The appointment was approved through Circular Resolution No. 11/2025-26 based on Nomination and Remuneration Committee recommendations. Ms. Gill brings four years and six months of Public Relations Manager experience and holds qualifications in business analysis, subject to shareholder approval within three months.

15Dec 25

Asian Hotels (North) Revises Fair Value for Rs 765 Crore Preferential Issue

Asian Hotels (North) Limited disclosed a fair value revision for its ongoing Rs 764.94 crore preferential issue to Elana Holdings, with the independent valuer updating the fair value per share to Rs 307.97 from Rs 305.73. The issue price remains unchanged at Rs 330 per share, with the investment aimed at addressing outstanding debts and improving the company's financial position.

15Nov 25

Asian Hotels (North) Reports INR 5,352.72 Crore Net Loss in Q2, Approves Preferential Equity Issue

Asian Hotels (North), owner of Hotel Hyatt Regency Delhi, reported a net loss of INR 5,352.72 crore for Q2, up from INR 2,656.28 crore loss last year. Total income increased slightly to INR 8,423.74 lakhs, but expenses remained high at INR 10,255.44 lakhs. The company recognized exceptional items of INR 5,674.02 lakhs, primarily interest charges. Asian Hotels has defaulted on loan repayments, with outstanding defaults of INR 58,997.32 lakhs in principal and INR 17,327.42 lakhs in interest. Shareholders approved a preferential equity issue of INR 76,494.00 lakhs to repay borrowings. The company is undergoing corporate restructuring, including voluntary liquidation of foreign subsidiaries and incorporation of a new subsidiary.

08Nov 25

Asian Hotels (North) Limited Passes Key Resolutions in Extraordinary General Meeting

Asian Hotels (North) Limited held an EGM on November 8, 2025, where shareholders overwhelmingly approved two key resolutions. The first was to increase the authorized share capital and amend the memorandum of association. The second was to issue equity shares on a preferential basis. Both resolutions received over 99% votes in favor. The meeting, attended by 71 public shareholders representing 16,03,975 shares, was conducted via video conferencing with key management personnel present.

14Oct 25

Asian Hotels (North) Limited Approves Rs. 765 Crore Preferential Issue and Capital Increase

Asian Hotels (North) Limited's Board has approved increasing authorized share capital from Rs. 70 crore to Rs. 75 crore. Additionally, they've approved a preferential issue of up to 2.32 crore equity shares at Rs. 330 per share to Elana Holdings PTE. LTD, a non-promoter entity, potentially raising Rs. 765 crore. Post-allotment, Elana Holdings could hold a 54.37% stake in the company. An Extraordinary General Meeting is scheduled for November 8, 2025, to seek shareholder approval.

08Aug 25

Asian Hotels (North) Expands into Real Estate with New Subsidiary AHNL Realty

Asian Hotels (North) has incorporated a wholly owned subsidiary, AHNL Realty Private Limited, to enter the real estate market. The new entity, approved on August 08, 2025, has an authorized capital of Rs. 5.00 lakh and will focus on purchasing, selling, and developing properties. Asian Hotels (North) acquired 100% shareholding through a cash subscription of 50,000 equity shares at Rs. 10.00 each. This move aims to diversify the company's operations beyond hospitality and potentially create new revenue streams.

28Jul 25

Asian Hotels (North) Expands into Real Estate with New Wholly Owned Subsidiary

Asian Hotels (North) Limited is expanding into the real estate sector by creating a wholly owned subsidiary. The Board approved this move on July 28, 2025, with the new entity having an authorized capital of Rs. 5,00,000. The company also reappointed Dr. Arun Gopal Agarwal as CEO & Executive Director and Mr. Krishna Kumar Acharya as Executive Director, both for one-year terms subject to shareholder approval.