- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
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Asian Hotels (East) will hold its Annual General Meeting, where it proposes a dividend of Re 1 per share. The company reported standalone gross revenue of ₹113.10 Cr and profit after tax (PAT) of ₹25.39 Cr. Consolidated gross revenue was ₹113.10 Cr with a PAT of ₹17.51 Cr. The audit opinion on financial results is qualified due to uncertainty regarding the recoverability of its investment in subsidiary GJS Hotels. GJS is challenging a government order to vacate its Bhubaneswar property and a ₹3.50 Cr bank guarantee forfeiture. Separately, subsidiary Novak Hotels is advancing with its Hyatt Regency Mumbai acquisition.