Audited Standalone and Consolidated Financial Statement along with Auditors Reports and Declaration for Unmodified opinion are attached.
ASIANHOTNR · price
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Asian Hotels (North) Limited reported annual results for FY26 ending March 31, 2026. Revenue from operations grew 20% to Rs 38,208.81 lakhs from Rs 31,819.94 lakhs in FY25. However, the company posted a net loss of Rs 10,225.71 lakhs compared to a net profit of Rs 18,725.97 lakhs in the previous year. The auditors issued an unmodified opinion but flagged a material uncertainty regarding the company's ability to continue as a going concern, citing losses and current liabilities exceeding current assets. The company had defaulted on borrowings totaling Rs 59,326.48 lakhs principal and Rs 23,709.15 lakhs interest, but resolved this by issuing 2.32 crore equity shares at Rs 330 per share (Rs 76,494 lakhs) and using proceeds to repay the debt. Exceptional items of Rs 10,496.15 lakhs were recognized for financial charges and penal interest.
The company achieved revenue growth but remains loss-making with significant debt concerns. The successful equity raise and debt repayment are positive steps, but auditors' going concern warning and negative PAT signal continued financial stress for shareholders.