The Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 30-Jun-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
AHLWEST · price
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Asian Hotels (West) has replied to NSE's clarification query regarding its financial results for the quarter ended June 30, 2024, along with periods ending March 31, 2025 and June 30, 2025. The company explained that consolidated results for Q1 FY25 (June 30, 2024) were delayed and submitted only on November 28, 2024, because the company was undergoing the Corporate Insolvency Resolution Process (CIRP). In a single Board meeting on November 27, 2024, the company cleared a backlog of 12 quarters of results spanning March 2021 to March 2024. Because the earlier periods were finalised late, the June 2024 results do not contain comparative (year-on-year) figures. For the March 2025 and June 2025 results, the company said the submissions are accurate and asked NSE to flag any specific issues.
This is a routine compliance clarification rather than a new business event. However, it draws attention to the fact that the company went through insolvency proceedings, which may concern investors about its past financial health and governance. Lack of comparative figures in the June 2024 results could make it harder for investors to track year-on-year performance.