The Board of Directors in its meeting held on 28.05.2026 approved re-appointment of Internal Auditors for FY - 2026-27. Intimation attached.
ASIANHOTNR · price
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Asian Hotels (North) Limited, owner of Hyatt Regency Delhi, reported its Q4 and FY2025-26 audited financial results. The company posted total income of Rs 38,925.50 lakhs for FY2026 but recorded a net loss of Rs 10,225.71 lakhs due to exceptional items. The auditors issued unmodified opinions but flagged a material uncertainty about going concern as current liabilities exceed current assets. In a positive development, the company resolved Rs 59,326.46 lakhs of principal and Rs 23,709.15 lakhs of interest defaults by issuing 2.32 crore equity shares at Rs 33/share (raising Rs 7,649.40 lakhs) used entirely for debt repayment. Key leadership changes include CFO resignation of Mr. Sunil Upadhyay and appointment of Mr. Sachin Goel as new CFO from June 1, 2026, and Ms. Kriti Narula Sehgal as Company Secretary. Dr. Arun Gopal Agarwal was reappointed as CEO & Executive Director for one more year.
The equity infusion has cleared the company's debt defaults, providing relief. However, the ongoing going concern warning and operating losses indicate financial stress persists. Shareholders should monitor if the new leadership can improve operational profitability and cash flows in FY2027.