Annual Secretarial Compliance Report under Regulation 24A(2) of SEBI (LODR) Regulations, 2015 for the Financial Year ended 31.03.2026 is attached.
ASIANHOTNR · price
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Asian Hotels (North) Limited has filed its Annual Secretarial Compliance Report for FY ended March 2026. The secretarial auditors Chandrasekaran Associates identified four compliance violations: (1) Company lacked a woman director from September 13 to December 15, 2025 due to Ms. Preeti Gandhi's retirement, resulting in fines of Rs 5.55 lakh each from BSE and NSE - resolved by appointing a woman director on December 16, 2025; (2) Delayed disclosure of loan default that occurred on April 8, 2025, intimated to exchanges only on August 13, 2025; (3) Delayed XBRL filing for securities issuance (required October 15, 2025, filed February 12, 2026) due to technical challenges; (4) Delayed prior intimation for January 16, 2026 board meeting regarding NCD issuance. Additionally, the company raised capital by issuing 2.32 crore equity shares at Rs 330/share to Elana Holdings Pte. Ltd and 3,000 NCDs worth Rs 10 lakh each to Touchstone Trust Scheme VIII.
Minor negative impact - Company paid fines for board composition gap and had multiple delayed regulatory disclosures, though all issues have been addressed. The capital raise and new strategic investor (Elana Holdings) are positive developments for the hotel company.