AHLEAST2023-10-012023-12-31 AHLEAST2023-10-012023-12-31 AHLEAST2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member AHLEAST2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member AHLEAST2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member AHLEAST2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member AHLEAST2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member AHLEAST2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member AHLEAST2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533227 AHLEAST NOTLISTED Asian Hotels (East) Limited Equity 2023-04-01 2024-03-31 2024-02-13 2024-02-06 INR Lakhs Third quarter 17:30:00 20:20:00 2024-02-13 2024-02-13 Not applicable Single segment Hotel Business 2023-10-01 2023-12-31 Unaudited Standalone 321790000.00 2735000.00 324525000.00 43922000.00 0.00 0.00 52892000.00 76656000.00 9152000.00 118329000.00 300951000.00 23574000.00 0.00 23574000.00 8077000.00 -2145000.00 5932000.00 0.00 17642000.00 0.00 0.00 0.00 0.00 17642000.00 239000.00 17881000.00 0.00 0.00 172917000.00 10 1.02 1.02 0.00 0.00 1.02 1.02 1. The above unaudited financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 13th February 2024 as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results. 2. Discontinued operations for the nine-month ended 31st December 2022 and year-ended 31st March 2023 represents profit from the assets and liabilities of the Securities Trading Unit ( STU ) which have been transferred pursuant to the Scheme of Arrangement for Demerger and Reduction of Capital in the previous financial year. 3. Exceptional items in quarter-ended 30th September 2023 and nine-month ended 31st December 2023 represents reversal of provision for VAT amounting to Rs 815.54 lakhs relating to a demand by the WBVAT department which was quashed by the West Bengal Tax Tribunal (WBTT) by an order dated 04-08-2023. 4. The Income Tax Department has passed an Assessment order u/s 143(3) of the I.T. Act, 1961 on 30.09.2022 determining additional Income tax liability of Rs 143.71 crores for the Assessment Year 2020-21. The Company has preferred an appeal before CIT(A) and filed application for stay of demand and rectification of mistakes u/s 154 of the I.T. Act, 1961 before the Assessing Officer. The demand has now been reduced to Rs. 139.28 Cr. pursuant to a rectification order passed u/s 154. The Company has been legally advised by tax experts of having merits in its Appeal and hence no provision has been made in the accounts. The hearing of the Appeal is yet to take place.However, the Company has deposited Rs 50 lakhs under protest with the Income Tax Department. 5. The Company along with the other companies in the promoter group were resorting to legal recourse to salvage the promoter group’s investments in Asian Hotels (West) Limited (Asian West) which was admitted under the CIRP of IBC, 2016 and to protect the value of the stakeholders, Companies in the promoter group became part of Section 12A of IBC, 2016 settlement proposal and as per the terms with the existing promoters of Asian West, Companies required to pay Rs. 390 crores to Asian West. Out of Rs. 390 crores, the Company along with the other companies in the promoter group had to arrange a sum of Rs. 371 crores which was required to be paid immediately pursuant to NCLAT, New Delhi bench Order dated 17th October, 2023. In compliance with the above order, the company through its wholly owned subsidiary Novak Hotels Pvt Ltd (Novak) along with other companies in the promoter group has deposited Rs. 371 crores being the 100% outstanding dues of Asian West with the Registrar of NCLAT, New Delhi for the acquisition of hotel at Mumbai from Asian Hotels West Limited as per the above order. Out of the above amount, the company has contributed Rs. 245 crores to its wholly owned subsidiary Novak, as interest-free short-term loan repayable on demand. This amount has been financed by the company by taking a loan of Rs. 210 crores from a financial institution. 6. Finance cost for the quarter ended 31-12-2023 represents interest expense and processing fees of Rs 766.56 lakhs incurred by the company on the loan taken from financial institution for providing loan to the subsidiary company required for the above purpose. 7. This Statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 8. Figures of the previous periods are regrouped, wherever necessary. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 748555000.00 18509000.00 767064000.00 107887000.00 0.00 0.00 164407000.00 76656000.00 27128000.00 305473000.00 681551000.00 85513000.00 81554000.00 167067000.00 19883000.00 22321000.00 42204000.00 0.00 124863000.00 0.00 0.00 0.00 0.00 124863000.00 715000.00 125578000.00 0.00 0.00 172917000.00 10 7.22 7.22 0.00 0.00 7.22 7.22 Fuel, Power & Light 16283000.00 Operating and General Expenses 90510000.00 Repairs, Maintenance & Refurbishing 11536000.00 Fuel, Power & Light 53384000.00 Operating and General Expenses 215514000.00 Repairs, Maintenance & Refurbishing 36575000.00 319000.00 955000.00 80000.00 240000.00