Asian Hotels (North) Limited has informed the Exchange regarding Appointment of Ms. Kriti Narula Sehgal as Company Secretary & Compliance Officer of the company w.e.f. Jun 01, 2026.
ASIANHOTNR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asian Hotels (North) Limited held its Board meeting on May 28, 2026, approving multiple items including audited standalone and consolidated financial results for Q4 and FY2026. The company reported consolidated loss before tax of Rs. 14,176.88 lakhs and revenue from operations of Rs. 38,208.81 lakhs. In leadership changes, CFO Mr. Sunil Upadhyay resigned effective May 31, 2026, and Mr. Sachin Goel (Director of Finance) was promoted to CFO effective June 01, 2026. Ms. Kriti Narula Sehgal was appointed Company Secretary & Compliance Officer from June 01, 2026. Dr. Arun Gopal Agarwal was reappointed as CEO & Executive Director for one year. Critically, the company disclosed it had defaulted on borrowings of Rs. 59,326.48 lakhs (principal) and Rs. 23,709.15 lakhs (interest), but raised Rs. 76,494 lakhs through preferential equity issuance (2,31,80,000 shares at Rs. 330/share) to fully repay these borrowings. Auditors flagged material uncertainty about the company's ability to continue as a going concern as current liabilities exceed current assets.
The company resolved its debt defaults through equity dilution, but the going concern warning and negative working capital remain significant risk factors for shareholders. Leadership transitions appear orderly with internal promotions, though the financial stress requires close monitoring.