Asian Hotels (North) Limited has informed the Exchange regarding allotment of 2737500 equity shares vide Circular Resolution approved by the Board of Directors on 28.01.2026.
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Asian Hotels (North) Limited has allotted 2,737,500 new equity shares to certain parties. The allotment was approved through a circular resolution by the Board of Directors on 28 January 2026, rather than at a full board meeting. The filing does not mention the issue price, the identity of the allottees, or the purpose of the capital raise. This type of allotment typically indicates a preferential issue of shares to selected investors.
Existing shareholders may face dilution of their equity stake due to the issuance of new shares. Since the allotment was done via circular resolution without a shareholder vote, retail investors did not have a direct say in the decision.