Asian Hotels (North) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

ASIANHOTNR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹314.50

prior close

₹314.95

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AI summary

Asian Hotels (North) Limited has filed a compliance statement under SEBI Regulation 32 confirming that Rs. 764.94 crore raised through a preferential issue on February 3, 2026 has been utilised as intended. The funds were used for repayment of company debt including interest and penalty. The statutory auditor G.K. Choksi & Co. has certified that Rs. 764.93 crore has been utilised with only Rs. 52,713 remaining unutilised in bank accounts. There is no deviation or variation in the use of proceeds from the stated objects approved by shareholders. The monitoring agency Infomerics Valuation and Rating Limited oversees the utilisation.

Likely market impact

The filing confirms proper utilisation of over Rs. 764 crore raised via preferential issue with no deviations, providing comfort to shareholders that funds were deployed for debt repayment as promised. The negligible unutilised balance (Rs. 52,713) indicates near-complete deployment.