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AHWL operates a 401-room five-star hotel in Mumbai and has partnered with Hyatt Hotels India for branding, operating, and marketing the hotel under the Hyatt Regency brand.The company was demerged from Asian Hotels Limited, under which Hyatt Regency Mumbai of the Asian Hotels was demerged and vested in the company.
Company clarified queries on its financial results for the year ended March 31, 2021. It addressed minor submission delays and justified format issues, including a missing balancing figure note, due to its Corporate Insolvency Resolution Process and an auditor's disclaimer. XBRL EPS errors were corrected. These clarifications detail reporting context...
The Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 31-Mar-2021 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
Asian Hotels (West) has approved Q1 financial results. Auditors issued an adverse opinion, citing material uncertainty about going concern (current liabilities exceed assets by over ₹418 Cr). Company hasn't recognized ₹86.16 Cr interest & ₹17.83 Cr expenses on ₹390 Cr funds, linked to a potential Hyatt Regency sale.