Integrated Filing — IndAS

General information about company

Scrip Code	500023
NSE Symbol	ASIANHOTNR
MSEI Symbol	NOTLISTED
ISIN	INE363A01022
Name of company	Asian Hotels (North) Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2026
Date of end of financial year	31-03-2027
Date of board meeting when results were approved	10-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	04-08-2026
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	First quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting	Single segment
Description of single segment	Hospitality/Hotel Business
Start date and time of board meeting	10-08-2026 16:00:00
End date and time of board meeting	10-08-2026 18:12:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
1	Income
	Revenue from operations	7,763.43	7,763.43
	Other income	38.06	38.06
	Total income	7,801.49	7,801.49
2	Expenses
(a)	Cost of materials consumed	870.86	870.86
(b)	Purchases of stock-in-trade	0.00	0.00
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.00	0.00
(d)	Employee benefit expense	2,278.68	2,278.68
(e)	Finance costs	1,411.75	1,411.75
(f)	Depreciation, depletion and amortisation expense	455.57	455.57
(f)	Other Expenses
1	Other Operating and General Expenses	3,258.12	3,258.12
	Total other expenses	3,258.12	3,258.12
	Total expenses	8,274.98	8,274.98
3	Total profit before exceptional items and tax	(473.49)	(473.49)
4	Exceptional items	0.00	0.00
5	Total profit before tax	(473.49)	(473.49)
6	Tax expense
7	Current tax	0.00	0.00
8	Deferred tax	(119.07)	(119.07)
9	Total tax expenses	(119.07)	(119.07)
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	(354.42)	(354.42)
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0.00	0.00
16	Total profit (loss) for period	(354.42)	(354.42)
17	Other comprehensive income net of taxes	0.00	0.00
18	Total Comprehensive Income for the period	(354.42)	(354.42)
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	(354.42)	(354.42)
	Total profit or loss, attributable to non-controlling interests	0.00	0.00
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	4,263.32	4,263.32
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.83	-0.83
	Diluted earnings (loss) per share from continuing operations	-0.83	-0.83
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.83	-0.83
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.83	-0.83
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	NOTES: 1)The above consolidated financial results of the Group have been prepared in accordance with the Indian Accounting Standards [Ind AS] prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2) The above consolidated financial results of the Group for the Quarter ended June 30, 2026 were reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on August 10, 2026. 3) Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Managing Director and Chief Executive Officer who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the chief operating decision-maker. From the internal organisation of the Group’s activities and consistent with the internal reporting provided to the chief operating decision-maker and after considering the nature of its services, the ultimate customer availing those services and the methods used by it to provide those services, “Hotel Services” has been identified to be the Group’s sole operating segment. 4) Current Status of Business Operations and Ability to Continuity as Going Concern The Group has incurred a loss before exceptional items and tax of INR 473.49 lakhs for the quarter ended 30 June 2026. Further, as at 30 June 2026, the Group’s current liabilities exceed its current assets. Notwithstanding this, the consolidated financial results have been prepared on a going concern basis. The management has assessed the Group’s ability to continue as a going concern and is of the view that the significant improvement in operating performance during the recent period, along with various cost optimization measures undertaken and being implemented, will support improved profitability going forward. Further, the Group’s liquidity and overall financial position have strengthened significantly following the equity infusion of INR 76,494 Lakhs, which has facilitated a substantial reduction in its debt levels and consequently improved its capital structure, financial flexibility and liquidity position 5) On November 21, 2025, the Government of India notified four Labour Codes – the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Codes) – consolidating 29 existing labour laws, which became effective immediately. The Ministry of Labour and Employment also published FAQs to enable assessment of the financial impact due to changes in regulations. During the quarter ended June 30, 2026, the Government of India has further notified the final Central Rules under the Labour Codes. The incremental impact of these changes, assessed by the Group, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, is not material in the consolidated financial results of the Group for the quarter ended June 30, 2026. The Group continues to monitor the finalisation of State Rules and further Government clarifications on the implementation of the Labour Codes. Once, State Rules are notified by the Government on all aspects of the Codes, the Group will evaluate final impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. 6) The Figures for the quarter ended March 31, 2026 represents the difference between the audited figures in respect of the financial year ended March 31, 2026 and the published unaudited figures of nine months ended December 31, 2025 which were subject to limited review by the Auditors. 7) The parent Company has not included two subsidiaries in consolidated financial results for the quarter ended 30 June, 2026 due to the voluntary liquidation of a subsidiaries resulting in loss of control. 8) Figures of previous reporting periods have been regrouped/ reclassified wherever necessary to correspond with the figures of the current reporting period.

Textual Information(1)

NOTES: 1)The above consolidated financial results of the Group have been prepared in accordance with the Indian Accounting Standards [Ind AS] prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2) The above consolidated financial results of the Group for the Quarter ended June 30, 2026 were reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on August 10, 2026. 3) Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Managing Director and Chief Executive Officer who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the chief operating decision-maker. From the internal organisation of the Group’s activities and consistent with the internal reporting provided to the chief operating decision-maker and after considering the nature of its services, the ultimate customer availing those services and the methods used by it to provide those services, “Hotel Services” has been identified to be the Group’s sole operating segment. 4) Current Status of Business Operations and Ability to Continuity as Going Concern The Group has incurred a loss before exceptional items and tax of INR 473.49 lakhs for the quarter ended 30 June 2026. Further, as at 30 June 2026, the Group’s current liabilities exceed its current assets. Notwithstanding this, the consolidated financial results have been prepared on a going concern basis. The management has assessed the Group’s ability to continue as a going concern and is of the view that the significant improvement in operating performance during the recent period, along with various cost optimization measures undertaken and being implemented, will support improved profitability going forward. Further, the Group’s liquidity and overall financial position have strengthened significantly following the equity infusion of INR 76,494 Lakhs, which has facilitated a substantial reduction in its debt levels and consequently improved its capital structure, financial flexibility and liquidity position 5) On November 21, 2025, the Government of India notified four Labour Codes – the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Codes) – consolidating 29 existing labour laws, which became effective immediately. The Ministry of Labour and Employment also published FAQs to enable assessment of the financial impact due to changes in regulations. During the quarter ended June 30, 2026, the Government of India has further notified the final Central Rules under the Labour Codes. The incremental impact of these changes, assessed by the Group, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, is not material in the consolidated financial results of the Group for the quarter ended June 30, 2026. The Group continues to monitor the finalisation of State Rules and further Government clarifications on the implementation of the Labour Codes. Once, State Rules are notified by the Government on all aspects of the Codes, the Group will evaluate final impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. 6) The Figures for the quarter ended March 31, 2026 represents the difference between the audited figures in respect of the financial year ended March 31, 2026 and the published unaudited figures of nine months ended December 31, 2025 which were subject to limited review by the Auditors. 7) The parent Company has not included two subsidiaries in consolidated financial results for the quarter ended 30 June, 2026 due to the voluntary liquidation of a subsidiaries resulting in loss of control. 8) Figures of previous reporting periods have been regrouped/ reclassified wherever necessary to correspond with the figures of the current reporting period.

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2026	01-04-2026
Date of end of reporting period		30-06-2026	30-06-2026
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income