Asian Hotels (North) Limited — Important, 13-02-2025: General Updates

The company has successfully completed the One Time Settlement (OTS) of its outstanding borrowings with three lenders: J. C. Flowers Asset Reconstruction Private Limited, Punjab National Bank, and Standard Capital Markets Limited. The full amount due has been paid, and the company has received no dues certificates confirming that it and its guarantors are discharged from all liabilities towards these lenders. This development strengthens the company’s financial position, reducing debt obligations and enhancing operational flexibility. Investors should view this as a positive outlook, potentially paving the way for future growth opportunities.