The Board of Directors in its meeting held on 28.05.2026 approved appointment of Ms. Kriti Narula Sehgal as Company Secretary and Compliance Officer of the Company w.e.f. June 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 key decisions. The company reported FY2026 standalone revenue of Rs 38,208.1 lakhs but posted a loss before exceptional items and tax of Rs 3,579.98 lakhs. After exceptional items (including Rs 20,496.15 lakhs write-back from debt settlements), consolidated net loss stood at Rs 10,225.71 lakhs. CFO Mr. Sunil Upadhyay resigned effective May 31, 2026, and Mr. Sachin Goel (Director of Finance) was appointed as new CFO from June 1, 2026. Dr. Arun Gopal Agarwal was reappointed as CEO & Executive Director for one year. The company issued 2,31,80,000 equity shares at Rs 330/share to raise Rs 76,494 lakhs, fully repaying its outstanding borrowings of Rs 59,326.48 lakhs principal plus Rs 23,709.15 lakhs interest. Auditors issued unmodified opinion but flagged material uncertainty regarding going concern as current liabilities exceed current assets.
The filing reveals significant financial stress with large losses, though the equity raise has resolved debt defaults. Multiple KMP changes (CFO resignation, new appointment, CEO reappointment) and appointment of a new Company Secretary represent substantial leadership transition. The going concern uncertainty flagged by auditors is a key risk factor for investors.