Asian Hotels (North) Limited — Important, 16-01-2025: Updates

The Board has acknowledged the fine of ₹3.54 lakh imposed by BSE and NSE for non-compliance related to the Board composition regulations. It confirmed that this notice is a continuation of a prior issue and emphasized that the non-compliance was not intentional, stemming from challenges in finding suitable candidates for the independent director role. Currently, the Board consists of seven members, with four being independent, ensuring more than half the composition remains independent, including a woman director and an independent chairperson. The company is committed to complying with all regulations and is taking steps to prevent similar delays in the future. Watch closely for any further developments on governance matters that could impact investor confidence.