Asian Hotels (North) Limited has informed the Exchange about General Updates. Intimation dated 27.02.2026 under Regulation 30 of SEBI (LODR) regarding withdrawal of Crediting rating attached

Debt prepaidCredit rating at junk gradeCredit & Debt View source PDF Explain this filing

ASIANHOTNR · price

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Price reactionminutes from the announcement price · days from the prior close

-3.8%Reaction day

₹290.95

prior close

₹284.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.2%-1.5% vs market

Hotels & Resorts peers, median of 53sector-2.3%-1.4% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.4 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-3.8-2.2-1.5-2.3-1.4

Next day

-4.5-4.8+0.4-3.8-0.7

+3.8-3.8+7.6-2.7+6.5

+1.3-3.9+5.2-3.4+4.7

+0.0-6.5+6.5-5.6+5.6

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15d

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+0.9+9.4-8.5+0.1+0.8

+5.5+11.0-5.5-3.0+8.5

UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 53Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Asian Hotels (North) Limited has informed the exchanges that Infomerics Valuation and Rating Ltd. has withdrawn the long-term rating of 'IVR D' (a default-category rating) on the company's bank facilities with immediate effect, effective February 26, 2026. The withdrawal was initiated at the company's request, supported by No Dues Certificates from lenders — Star Strength, Ambitious Cement Private Limited, and Sammaan Capital Limited. The rated bank facility amount has been reduced from Rs. 685.05 crore to zero, indicating that the company has fully repaid all bank facilities that were under Infomerics' rating coverage. The company's FY25 audited financials show a sharp turnaround, with PAT of Rs. 187.26 crore (versus a loss of Rs. 87.50 crore in FY24) and total debt falling from Rs. 1,052.41 crore to Rs. 550.06 crore.

Likely market impact

Positive for shareholders — the company has completely cleared its rated bank borrowings, reducing leverage and eliminating the default-rated debt overhang. However, investors should note that the withdrawn 'IVR D' rating reflects a history of default, even though the debt has now been settled, so balance-sheet quality remains a key watchpoint.