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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Hospitality/Hotels Business
Start date and time of board meeting 28-May-2025   18:30:00
End date and time of board meeting 28-May-2025   19:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-13
Indicate Company website link for updated RPT policy of the Company https://www.asianhotelsnorth.com/pdf/FY2425/Policy%20for%20Related%20Party%20Transactions_2025.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 915091000 3181924000
Other income 19822000 24897000
Total income 934913000 3206821000
2 Expenses
(a) Cost of materials consumed 88289000 351124000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 214889000 782186000
(e) Finance costs 326336000 1336264000
(f) Depreciation, depletion and amortisation expense 70130000 219920000
(f) Other Expenses
1 Other Expenses 319836000 1209049000
Total other expenses 319836000 1209049000
Total expenses 1019480000 3898543000
3 Total profit before exceptional items and tax -84567000 -691722000
4 Exceptional items 1846656000 3012056000
5 Total profit before tax 1762089000 2320334000
6 Tax expense
7 Current tax 382000 265000
8 Deferred tax 19895000 447472000
9 Total tax expenses 20277000 447737000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 1741812000 1872597000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 1741812000 1872597000
17 Other comprehensive income net of taxes 1759000 1759000
18 Total Comprehensive Income for the period 1743571000 1874356000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
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 194533000 194533000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve -1423607000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 89.54 96.26
Diluted earnings (loss) per share from continuing operations 89.54 96.26
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 89.54 96.26
Diluted earnings (loss) per share from continuing and discontinued operations 89.54 96.26
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 as per the pdf files of the Financial results attached



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 14180431000
Capital work-in-progress 10415000
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 812000
Other non-current financial assets 37947000
Total non-current financial assets 38759000
Deferred tax assets (net)
Other non-current assets 207678000
Total non-current assets 14437283000
2 Current assets
Inventories 132787000
Current financial asset
Current investments 0
Trade receivables, current 163710000
Cash and cash equivalents 537901000
Bank balance other than cash and cash equivalents 6948000
Loans, current 0
Other current financial assets 73334000
Total current financial assets 781893000
Current tax assets (net) 0
Other current assets 93017000
Total current assets 1007697000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 15444980000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 194532000
Other equity 2428868000
Total equity attributable to owners of parent 2623400000
Non controlling interest
Total equity 2623400000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1614046000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 5275000
Total non-current financial liabilities 1619321000
Provisions, non-current 34080000
Deferred tax liabilities (net) 61736000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 1715137000
Current liabilities
Current financial liabilities
Borrowings, current 3886565000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 51238000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 289766000
Total Trade payable 341004000
Other current financial liabilities 4430785000
Total current financial liabilities 8658354000
Other current liabilities 2437763000
Provisions, current 10326000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 11106443000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 12821580000
Total equity and liabilites 15444980000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Other comprehensive income [Abstract] 1759000 1759000
Total Amount of items that will not be reclassified to profit and loss 1759000 1759000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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 1759000 1759000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2320334000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1336264000
Adjustments for decrease (increase) in inventories -18782000
Adjustments for decrease (increase) in trade receivables, current 1070691000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 2420891000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 219920000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 64789000
Adjustments for dividend income 0
Adjustments for interest income 3180000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -3009961000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 2080632000
Net cash flows from (used in) operations 4400966000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 35287000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 4365679000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 144000
Purchase of property, plant and equipment 56601000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 2874000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 629000
Net cash flows from (used in) investing activities -52954000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 3994000000
Repayments of borrowings 6672188000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 1630813000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -4309001000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 3724000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 3724000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period 3724000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 V.V. Kale & Company Yes 31-Mar-2026


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Asian Hotels (North) Limited Ms. Mamta Pathak Relative of Mr. Deena Nath Pathak Any other transaction Professional Charges payable 2400000 N.A. 1350000 450000 360000
2 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantly influence the group (either directly or indirectly) Inter-corporate deposit 61000000 N.A. 0 61000000 0 Inter-corporate deposit 0 3 Months Unsecured Repayment of Other Borrowings
3 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantly influence the group (either directly or indirectly) Inter-corporate deposit 62434000 N.A. 46500000 62434000 0 Inter-corporate deposit 0 6 months Unsecured Repayment of Other Borrowings
4 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantlyinfluence the group (either directrly or indirectly) Any other transaction Assignment of Rights to third party 169934000 N.A. 169934000 0 0
5 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantly influence the group (either directly or indirectly) Inter-corporate deposit 5969000 N.A. -5969000 7069000 0
6 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantly influence the group (either directly or indirectly) Any other transaction Assignment of Rights to third party 1098000 N.A. 1098000 0 0
7 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantly influence the group (either directly or indirectly) Any other transaction Other Financial Transactions (Payable) 50628000 N.A. 0 50628000 0
8 Asian Hotels (North) Limited Asian Holdings Private Limited Compnies which significantly influence the gorup (either directly or indirectly) Any other transaction Assignment of Rights to third party 50628000 N.A. 50628000 0 0
9 Asian Hotels (North) Limited Mr. Shiv Kumar Jatia Chairman & Managing Director (Resigned w.e.f. October 21, 2021) Any other transaction Security interest invoked & sold in open market 116400000 N.A. 116400000 0 0
10 Asian Hotels (North) Limited Mr. Shiv Kumar Jatia Chairman & Managing Director (Resigned w.e.f. October 21, 2021) Any other transaction Assignment of Rights to third party 116400000 N.A. 116400000 0 0
11 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantly influence the group (either directly or indirectly) Any other transaction Security interest invoked & sold in open market 28000000 N.A. 28000000 0 1435000
12 Asian Hotels (North) Limited Asian Holdings Private Limited Companies which significantly influence the group (either directly or indirectly) Any other transaction Assignment of Rights to third party 26565000 N.A. 26565000 0 0
13 Asian Hotels (North) Limited Mr. Amritesh Jatia Chairman & Managing Director (Resigned w.e.f. July 15, 2024) Any other transaction Invocation of pledged Fixed Deposit (Payable) N.A. 0 15628000 0
14 Asian Hotels (North) Limited Mr. Amritesh Jatia Chairman & Managing Director (Resigned w.e.f. July 15, 2024) Any other transaction Assignment of Rights to third party 15628000 N.A. 15628000 0 0
15 Asian Hotels (North) Limited Mr. Shiv Kumar Jatia Chairman & Managing Director (Resigned w.e.f. October 21, 2021) Remuneration N.A. 0 24949000 24949000
Total value of transaction during the reporting period 566534000