Asian Hotels (North) Limited — Important, 14-08-2025: Defaults on Payment of Interest/Principal

Asian Hotels (North) Limited has announced significant loan defaults. A secured term loan from Ambitious Cement Private Limited totaling INR 238.41 Cr (principal and interest) was overdue as of May 15, 2025. Further, as of June 30, 2025, the company's total outstanding defaults on loans from banks/financial institutions have risen to INR 580.90 Cr. The company's total financial indebtedness stands at INR 671.38 Cr. This highlights severe financial distress and liquidity challenges, a critical concern for shareholders and business operations.