Board responds to exchange fine for missing woman director

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ASIANHOTNR · price

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

+1.8%Reaction day

₹310.05

prior close

₹320.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+3.2% vs market

Hotels & Resorts peers, median of 54sector-1.5%+3.4% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.4 pts more 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

-0.9

10m

-2.0

15m

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30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-1.3+3.2-1.5+3.4

Next day

-0.4-4.0+3.5-4.9+4.4

-1.6-4.8+3.2-5.1+3.5

+1.6-3.3+4.9-5.5+7.1

-1.6-5.3+3.7-5.7+4.1

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-3.3-3.7+0.4-5.8+2.5

15d

-11.1+3.6-14.7-1.4-9.7

-4.5+0.1-4.7-5.1+0.6

-5.0-8.9+3.9-14.6+9.5

-3.3+3.2-6.6-4.2+0.8

UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 54Pending

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

AI summary

BSE and NSE each fined the company Rs 1,06,200 (inclusive of GST) for non-compliance with Regulation 17(1) of Listing Rules, due to the board not having a woman director. The board met on January 16, 2026 and noted the non-compliance was unintentional, caused by difficulty finding the right candidate. The company has now appointed Ms Karishma Kaur Gill as Independent Non-executive Woman Director from December 16, 2025. Current board has 7 directors with 4 independent directors including the new woman director.

Likely market impact

Minor financial penalty already resolved with woman director appointed. No material impact on shareholders; reflects past governance gap now corrected.