Asian Hotels (North) Limited — Important, 13-08-2025: Defaults on Payment of Interest/Principal

Asian Hotels (North) Limited reported a default on its secured term loan from Star Strength. As of April 8, 2025, the default totaled INR 333.81 Cr (INR 250.79 Cr principal, INR 83.02 Cr interest). The company's total outstanding borrowings from banks were INR 371.02 Cr, with overall financial indebtedness at INR 605.78 Cr. By June 30, 2025, the default amount on bank loans stood at INR 339.32 Cr, while total financial indebtedness rose to INR 671.38 Cr. This highlights significant debt repayment issues for the company.