Asian Hotels (North) Limited has informed the Exchange regarding 'Board Comments on the fine levied by the Stock Exchanges'.
ASIANHOTNR · price
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The Stock Exchanges (BSE and NSE) imposed a fine of Rs. 4,48,400/- each on Asian Hotels (North) Limited for non-compliance with Regulation 17(1) of the Listing Regulations. The non-compliance was related to the Board composition, specifically the failure to appoint a woman director. The company has since remedied this by appointing Ms. Karishma Kaur Gill as an Independent Non-executive Woman Director on December 16, 2025, which was approved by shareholders in February 2026. The Board now comprises 6 members, with 3 Independent Directors including the woman director. The company stated the delay was due to the time-consuming process of finding the right candidate, not intentional non-compliance.
The regulatory breach has been rectified, which reduces ongoing reputational and financial risks. The fine amount is relatively minor for a listed company, and the compliance issue is now resolved, likely having limited negative impact on the stock.