AHLEAST2024-07-012024-09-30 AHLEAST2024-07-012024-09-30 AHLEAST2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member AHLEAST2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member AHLEAST2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member AHLEAST2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member AHLEAST2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member AHLEAST2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member AHLEAST2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533227 AHLEAST NOTLISTED Asian Hotels (East) Limited Equity 2024-04-01 2025-03-31 2024-11-08 2024-10-30 INR Lakhs Half yearly 16:30:00 20:10:00 2024-11-08 2024-11-08 true Cash Flow Indirect Not applicable Single segment Hotel Business 2024-07-01 2024-09-30 Unaudited Standalone 230377000.00 51289000.00 281666000.00 32109000.00 0.00 0.00 58897000.00 40007000.00 9499000.00 99489000.00 240001000.00 41665000.00 0.00 41665000.00 9470000.00 1145000.00 10615000.00 0.00 31050000.00 0.00 0.00 0.00 0.00 31050000.00 685000.00 31735000.00 0.00 0.00 172917000.00 10 1.80 1.80 0.00 0.00 1.80 1.80 1.The unaudited Standalone financial results, Balance Sheet and Statement of Cash Flows were reviewed by the Audit Committee and approved by the BOD at their respective meetings held on 8th November, 2024. 2.The IT Dept had 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 A.Y. r 2020-21. The company had filed for rectification of mistakes u/s 154 of the I.T. Act, 1961 before the A.O. and the demand was reduced to Rs 139.28 crores pursuant to a rectification order passed u/s 154. Thereafter, the Company had filed an appeal before CIT(A) for stay of demand and subsequently deposited Rs 75 lakhs under protest with the IT Dept. CIT(A) vide order dated 5th August 2024 decided the appeal in favour of the Company. The AO was redirected to give effect of the said order. No provision for the said demand was made in the books of account. 3.Saraf group through its company Robust Hotels Ltd. (RHL), one of the major shareholder of Asian Hotels (West) Limited (“AHWL”) entered into an agreement with AHWL and the other promoters of AHWL, to provide short term interest bearing loan to AHWL, which was under CIRP to enable it to repay its existing debts in terms of the proposal submitted under section 12A of the IBC, 2016, before the Hon’ble NCLAT for withdrawal of an insolvency application against it. In order to execute the above agreement, Saraf group through its company Asian Hotel (East) Limited (AHEL) has formed a WOS namely Novak Hotels Pvt Ltd. (“Novak”) on 01-11-2023. Novak has borrowed Rs. 38157.79 lakhs from various companies in the Saraf group, including interest bearing short term loan of Rs. 19535.09 lakhs from AHEL for onward submission of the agreed amount with Hon’ble NCLAT as per the proposal submitted. The said loan would be treated as short term loan to AHWL as per the framework agreement entered by RHL. Novak is in discussion with AHWL for creation of the charge over the property of AHWL. 4.Finance cost for the quarters ended 30-09-2024 and 30-06-2024 represents interest expense of Rs 400.07 lakhs and 397.40 lakhs respectively incurred by the company on the loan taken from financial institution against the security created by way of equitable mortgage on Hyatt Regency Hotel, Kolkata for providing loan to Novak required for the above purpose. It also includes amount of Rs 1.24 lakhs towards Interest on overdraft facilities availed from IDBI Bank Ltd and Axis Bank Ltd. 5.On 2nd November 2024, the Government of Odisha, through the GA & PG Dept., issued a letter concerning the validity of the lease of land allotted to the Company’s WOS namely GJS Hotels Ltd (GJS). The letter refers to non-compliance with specific terms and conditions of the lease deed and instructs GJS to vacate the property within 15 days, as per the terms of the lease. The Government has also forfeited the bank guarantee amounting to Rs. 350 lakhs given by the company as performance bank guarantee. As on 30th September 2024, the company has investments of Rs. 860.86 lakhs in GJS as equity shares and Rs. 384.15 lakhs as loan to GJS which includes debit for encashment of Bank guarantee as stated above. In response to the letter issued by the government, GJS has formally replied to the letter, requesting a personal hearing to address the matter and also filed a writ petition before the Orissa High court. The management is hopeful of a favourable resolution of the matter in Company’s favour. In view of the same, no provision for impairment against the Company’s investment in equity and loan to GJS as stated above has been made in the books of accounts. 6.The Company is primarily engaged in only one segment, i.e. the business of Hotel operations, and thus the separate reporting as per the Ind AS-108 Operating Segments is no longer required. 7.This Statement is as per Regulation 33 of the SEBI (LODR) Regulations, 2015. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 455047000.00 101755000.00 556802000.00 63415000.00 0.00 0.00 117876000.00 79747000.00 18743000.00 192218000.00 471999000.00 84803000.00 0.00 84803000.00 20956000.00 729000.00 21685000.00 0.00 63118000.00 0.00 0.00 0.00 0.00 63118000.00 -60000.00 63058000.00 0.00 0.00 172917000.00 10 3.65 3.65 0.00 0.00 3.65 3.65 Fuel, Power & Light 20001000.00 Operating & General Expenses 65351000.00 Repairs, Maintenance & Refurbishing 14137000.00 Fuel, Power & Light 38584000.00 Operating & General Expenses 128046000.00 Repairs, Maintenance & Refurbishing 25588000.00 1107022000.00 2830000.00 0.00 0.00 782000.00 0.00 0.00 0.00 86186000.00 0.00 0.00 2538000.00 88724000.00 61099000.00 6977000.00 1267434000.00 14324000.00 0.00 59453000.00 2069000.00 33451000.00 2233448000.00 5000.00 2328426000.00 0.00 24238000.00 2366988000.00 0.00 0.00 3634422000.00 172917000.00 1551975000.00 1724892000.00 1724892000.00 1456303000.00 0.00 3689000.00 1459992000.00 10225000.00 122172000.00 0.00 0.00 1592389000.00 55800000.00 98143000.00 61861000.00 215804000.00 75509000.00 25828000.00 0.00 0.00 317141000.00 0.00 0.00 1909530000.00 3634422000.00 79747000.00 995000.00 2602000.00 0.00 50000.00 0.00 0.00 0.00 0.00 43269000.00 0.00 0.00 0.00 18743000.00 0.00 0.00 1812000.00 0.00 0.00 0.00 0.00 101362000.00 0.00 19000.00 0.00 0.00 0.00 337000.00 0.00 46212000.00 131015000.00 0.00 0.00 0.00 24126000.00 0.00 106889000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25533000.00 39325000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 121345000.00 0.00 0.00 0.00 0.00 101362000.00 0.00 0.00 0.00 -6191000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -22584000.00 0.00 0.00 0.00 469000.00 79747000.00 0.00 0.00 -102800000.00 -2102000.00 0.00 -2102000.00 4171000.00 2069000.00 915000.00 -80000.00 230000.00 -20000.00 0.00 0.00