Asian Hotels (North) Limited — Others, 28-05-2025: Appointment

Asian Hotels (North) Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company posted total income of Rs. 93.49 Cr for the quarter and Rs. 320.68 Cr for the year, with an exceptional income of Rs. 184.67 Cr from a One Time Settlement with lenders that reversed interest and principal liabilities. Operating losses before this exceptional item narrowed significantly, resulting in a net profit of Rs. 174.18 Cr for the quarter and Rs. 187.26 Cr for the year. Cost-reduction efforts continue, supporting the company's going concern status. Statutory Auditors issued a clean opinion. The Board approved appointing Chandrasekaran Associates as Secretarial Auditors and reappointing Agarwal U R S & Company as Internal Auditors for FY 2025-26, subject to shareholder approval. Promoter group shares have been reclassified to the public category. Advances for property sales totaled Rs. 331.51 Cr for the year. Foreign subsidiaries are under liquidation; hence, no consolidated financials will be presented.