Company replies to NSE queries on FY2021 financial results
AHLWEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asian Hotels (West) replied to NSE queries on FY ended March 2021 results. Board meeting results were filed within 12 minutes of conclusion. Company explains that prior Corporate Insolvency Resolution Proceedings closed in January 2024 caused delays in submitting figures. Auditor J.C. Bhalla issued a Disclaimer of Opinion due to lack of access to primary books, no physical inventory verification, and no impairment assessment. Revised XBRL filings were made to fix EPS mismatches. Standalone loss was Rs. 4,825 lakhs on revenue of Rs. 4,033 lakhs. Consolidated loss was Rs. 14,947 lakhs with a negative net worth of Rs. 3,776 lakhs.
Historical insolvency and audit disclaimer raise concerns. Negative consolidated net worth signals financial weakness. Compliance lapses may draw further regulatory scrutiny.