Asian Hotels: Auditor gives adverse opinion on FY25 results
AHLWEST · price
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Awaiting price reaction for this filing.
Board approved audited FY25 (ended March 31, 2025) and unaudited Q1FY26 (June 30, 2025) results. Auditor J.C. Bhalla issued an adverse opinion on FY25, flagging unrecorded interest of Rs. 3,850.91 lakhs, unresolved borrowing treatment of Rs. 39,000 lakhs from Novak Hotels, and material going concern doubt as current liabilities exceed assets by Rs. 42,051.61 lakhs. FY25 net loss narrowed to Rs. 3,628 lakhs from Rs. 7,986 lakhs. Hotel operations remain suspended since June 2021. New independent director Mr. Rohit Rajpal appointed and Mr. Amit Saraf redesignated as Whole Time Director. AGM on October 27, 2025.
Adverse audit opinion and going concern doubt may weigh on the stock; shareholders should watch AGM outcome and hotel revival plan.