Integrated Filing — IndAS



General information about company
Scrip Code 533227
NSE Symbol AHLEAST
MSEI Symbol NOTLISTED
ISIN INE926K01017
Name of company ASIAN HOTELS (EAST) 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 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-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 HOTEL BUSINESS
Start date and time of board meeting 30-May-2025   18:30:00
End date and time of board meeting 30-May-2025   21:10:00
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 Statement on impact of audit qualification
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 2022-05-30
Indicate Company website link for updated RPT policy of the Company https://www.ahleast.com/
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
The Company has not defaulted on any loans or debt securities



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 349652000 1130228000
Other income 58597000 213137000
Total income 408249000 1343365000
2 Expenses
(a) Cost of materials consumed 40956000 148083000
(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 54532000 232898000
(e) Finance costs 39436000 159759000
(f) Depreciation, depletion and amortisation expense 9664000 38125000
(f) Other Expenses
1 Fuel, Power & Light 15202000 69804000
2 Repairs, Maintenance & Refurbishing 15101000 53260000
3 Operating and General Expenses 78809000 291809000
Total other expenses 109112000 414873000
Total expenses 253700000 993738000
3 Total profit before exceptional items and tax 154549000 349627000
4 Exceptional items 0 0
5 Total profit before tax 154549000 349627000
6 Tax expense
7 Current tax 41614000 89523000
8 Deferred tax 4551000 6144000
9 Total tax expenses 46165000 95667000
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 108384000 253960000
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 108384000 253960000
17 Other comprehensive income net of taxes 935000 846000
18 Total Comprehensive Income for the period 109319000 254806000
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 172917000 172917000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1700494000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 6.27 14.69
Diluted earnings (loss) per share from continuing operations 6.27 14.69
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 6.27 14.69
Diluted earnings (loss) per share from continuing and discontinued operations 6.27 14.69
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



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 1113781000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 557000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 136086000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 738000
Total non-current financial assets 136824000
Deferred tax assets (net) 45383000
Other non-current assets 6959000
Total non-current assets 1303504000
2 Current assets
Inventories 13908000
Current financial asset
Current investments 33220000
Trade receivables, current 68759000
Cash and cash equivalents 2223000
Bank balance other than cash and cash equivalents 33871000
Loans, current 2275720000
Other current financial assets 76000
Total current financial assets 2413869000
Current tax assets (net) 0
Other current assets 25979000
Total current assets 2453756000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 3757260000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 172917000
Other equity 1700494000
Total equity attributable to owners of parent 1873411000
Non controlling interest
Total equity 1873411000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1419659000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 10915000
Total non-current financial liabilities 1430574000
Provisions, non-current 10684000
Deferred tax liabilities (net) 127891000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1569149000
Current liabilities
Current financial liabilities
Borrowings, current 83115000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 7185000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 92642000
Total Trade payable 99827000
Other current financial liabilities 50752000
Total current financial liabilities 233694000
Other current liabilities 56090000
Provisions, current 24916000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 314700000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1883849000
Total equity and liabilites 3757260000
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 Remeasurement of defined benefit liability 1249000 1130000
Total Amount of items that will not be reclassified to profit and loss 1249000 1130000
2 Income tax relating to items that will not be reclassified to profit or loss 314000 284000
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 935000 846000



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 349627000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 159759000
Adjustments for decrease (increase) in inventories 1411000
Adjustments for decrease (increase) in trade receivables, current -12111000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 110000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 1800000
Adjustments for other financial assets, current 2943000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 27964000
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 38125000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 2568000
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 0
Adjustments for dividend income 0
Adjustments for interest income 203803000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -283000
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) -1000
Other adjustments for non-cash items -6093000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 12389000
Net cash flows from (used in) operations 362016000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 76976000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 285040000
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 243000
Purchase of property, plant and equipment 48964000
Proceeds from sales of investment property 185906000
Purchase of investment property 214425000
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 34975000
Purchase of other long-term assets 0
Cash advances and loans made to other parties 37012000
Cash receipts from repayment of advances and loans made to other parties 5000000
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 22239000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -52038000
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 0
Repayments of borrowings 31913000
Payments of lease liabilities 0
Dividends paid 43278000
Interest paid 159759000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -234950000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -1948000
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 -1948000
Cash and cash equivalents cash flow statement at beginning of period 4171000
Cash and cash equivalents cash flow statement at end of period 2223000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified 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
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 M/s Singhi & Co. Yes 31-Aug-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 1343365000 1343365000
2 Total Expenditure 993738000 993738000
3 Net Profit/(Loss) 349627000 349627000
4 Earnings Per Share 14.69 14.69
5 Total Assets 3757260000 3757260000
6 Total Liabilities 1883849000 1883849000
7 Net Worth 1873411000 1873411000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) As disclosed in note 7 to the accompanying standalone financial results, an order dated November 2, 2024 (the Order) was issued by the Government of Odisha through the General Administration and Public Grievance Department, citing non-compliance by GJS Hotels Limited, a wholly owned subsidiary (the subsidiary) with certain terms and conditions of the lease deed. Pursuant to this Order, the subsidiary was directed to vacate the property located in Odisha and the performance bank guarantee of Rs. 350 lakhs, furnished by the Company, was forfeited. The subsidiary of the Company, has filed a writ petition before the Honble High Court of Orissa challenging the said Order. As at March 31, 2025, the Company holds investments in the said subsidiary amounting to Rs. 860.86 lakhs in the form of equity shares and Rs. 394.22 lakhs as loans, which also includes the amount pertaining to the encashment of the bank guarantee. nThe events and circumstances as described above, including the surrender of the property to the government, forfeiture of the bank guarantee, and the financial position of the subsidiary, raise significant doubt regarding the recoverability of the Companys investment in the subsidiary. However, no provision for impairment has been recognized in respect of these exposures in the financial statements, which, in our opinion, is not in accordance with the requirements of Indian Accounting Standard (Ind AS) 36 Impairment of Assets.
Textual Information(2) NOT APPLICABLE
Textual Information(3) Estimation not ascertainable as explained in Point (ii) below.
Textual Information(4) The management is confident that the Company has so far well represented before the Honble High Court of Orissa, Cuttack. The Honble High Court, vide its interim order dated 13th November 2024, granted a stay on the operation of the aforesaid order dated 2nd November 2024. The stay continues to be in effect as of the date of approval of the financial results, and the next date of hearing is yet to be listed by the Honble Court. Considering the aforesaid stay order and the case at large, the Company of having a positive and favourable outcome in the matter.
Textual Information(5) Same as mentioned in Point II. (a) above.


Signatories detail
Name of CEO / Managing director UMESH SARAF
Name of CFO BIMAL KR JHUNJHUNWALA
Name of audit committee chairman SHOURYA SENGUPTA
Name of statutory auditor M L SHUKLA
Name of other signatory, if any, with designation
Place KOLKATA
Date 30-May-2025


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 (East) Limited GJS Hotels Limited Wholly owned subsidiary of Asian Hotels (East) Limited Advance As approved by the Board of Directors of the Company 1018000 38414000 39422000
2 Asian Hotels (East) Limited Novak Hotels Pvt. Ltd. Wholly owned subsidiary of Asian Hotels (East) Limited Advance As approved by the Board of Directors of the Company 4000 1953508000 1953512000
3 Asian Hotels (East) Limited Mr. Arun Kumar Saraf Joint Managing Director, nPromoter Any other transaction Travelling Expenses As approved by the Nomination and Remuneration Committee, Board of Directors and Shareholders of the Company 1534000 0 0
4 Asian Hotels (East) Limited Mr. Umesh Saraf Joint Managing Director, nPromoter Any other transaction Travelling Expenses As approved by the Nomination and Remuneration Committee, Board of Directors and Shareholders of the Company 21000 0 0
5 Asian Hotels (East) Limited Mrs. Rita Bhimani Independent Director Any other transaction Sitting Fees As approved by the Board of Directors of the Company 250000 0 0
6 Asian Hotels (East) Limited Mr. Sandipan Chakravortty Independent Director Any other transaction Sitting Fees As approved by the Board of Directors of the Company 170000 0 0
7 Asian Hotels (East) Limited Mr. Shourya Sengupta Independent Director Any other transaction Sitting Fees As approved by the Board of Directors of the Company 250000 0 0
8 Asian Hotels (East) Limited Mr. Devesh Saraf Non Executive and Non Independent Director Any other transaction Sitting Fees As approved by the Board of Directors of the Company 140000 0 0
9 Asian Hotels (East) Limited Novak Hotels Pvt. Ltd. Wholly owned subsidiary of Asian Hotels (East) Limited Interest received As approved by the Board of Directors of the Company 111394000 0 0
10 Asian Hotels (East) Limited Mr. Umesh Saraf Joint Managing Director, nPromoter Remuneration As approved by the Nomination and Remuneration Committee, Board of Directors and Shareholders of the Company 11094000 0 0
11 Asian Hotels (East) Limited Mr. Arun Kumar Saraf Joint Managing Director, nPromoter Remuneration As approved by the Nomination and Remuneration Committee, Board of Directors and Shareholders of the Company 10836000 0 0
12 Asian Hotels (East) Limited Novak Hotels Pvt. Ltd. Wholly owned subsidiary of Asian Hotels (East) Limited Investment As approved by the Board of Directors of the Company 49900000 100000 50000000
13 Asian Hotels (East) Limited Juniper Hotels Limited Group Company Purchase of goods or services As approved by the Board of Directors of the Company 4695000 1323000 6018000
14 Asian Hotels (East) Limited Juniper Hotels Limited Group Company Sale of goods or services As approved by the Board of Directors of the Company 10000 0 10000
15 Asian Hotels (East) Limited Robust Hotels Limited Group Company Purchase of goods or services As approved by the Board of Directors of the Company 43000 0 43000
16 Asian Hotels (East) Limited Chartered Hotels Private Limited Group Company Sale of goods or services As approved by the Board of Directors of the Company 229000 133000 362000
17 Asian Hotels (East) Limited Taragaon Regency Hotels Limited Group Company Sale of goods or services As approved by the Board of Directors of the Company 396000 238000 634000
18 Asian Hotels (East) Limited Bodhgaya Guest House Private Limited Group Company Sale of goods or services As approved by the Board of Directors of the Company 65000 302000 367000
Total value of transaction during the reporting period 192049000