AHLEAST2024-10-012024-12-31 AHLEAST2024-10-012024-12-31 AHLEAST2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member AHLEAST2024-10-012024-12-31in-bse-fin:OneOperatingExpenses02Member AHLEAST2024-10-012024-12-31in-bse-fin:OneOperatingExpenses03Member AHLEAST2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member AHLEAST2024-10-012024-12-31in-bse-fin:FourOperatingExpenses02Member AHLEAST2024-10-012024-12-31in-bse-fin:FourOperatingExpenses03Member AHLEAST2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533227 AHLEAST NOTLISTED Asian Hotels (East) Limited Equity 2024-04-01 2025-03-31 2025-02-12 2025-02-05 INR Lakhs Third quarter 16:30:00 18:20:00 2025-02-12 2025-02-12 Not applicable Single segment Hotel Business 2024-10-01 2024-12-31 Unaudited Consolidated 325529000.00 103101000.00 428630000.00 43712000.00 0.00 0.00 60543000.00 124529000.00 9736000.00 113085000.00 351605000.00 77025000.00 0.00 77025000.00 27858000.00 864000.00 28722000.00 0.00 48303000.00 0.00 0.00 0.00 0.00 48303000.00 -30000.00 48273000.00 48303000.00 0.00 48273000.00 0.00 172917000.00 10 2.79 2.79 0.00 0.00 2.79 2.79 1.The above Consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ( Ind AS ) prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of SEBI (LODR) Regulations, 2015. The unaudited Consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 12th February, 2025. 2.Exceptional items in nine-month ended 31st December 2023 and year-ended 31st March 2024 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. 3.The Income Tax A.O. has given effect to the Order dated 05.08.2024 passed by the CIT(A) NFAC, Delhi in relation to the appeal preferred by the Company against an Assessment order u/s 143(3) of the I.T. Act, 1961 passed on 30.09.2022. As a result, at this stage , the Income tax demand of Rs 139.27 crores stands vacated. 4.In terms of NCLAT, New Delhi Bench Order dated 9th January, 2024 and the arrangements with the promoters of Asian Hotels (West) Ltd, New Delhi ( AHWL ), the Company's WoS named Novak Hotels Pvt Ltd ( Novak ) is in due process to acquire Hyatt Regency, Mumbai ( HRM ) from AHWL. To fulfill the understanding, Novak had borrowed Rs 38318.47 lakhs from various group companies including interest-bearing loan of Rs 19535.12 lakhs from the Company. The funds deposited by Novak with the NCLAT, New Delhi Bench, pursuant to the directions given by the Bench, is considered as loan to AHWL which will be adjusted with the acquisition of HRM. 5.Finance cost for the quarters ended 31-12-2024 and 30-09-2024 represents interest expense of Rs 405.76 lakhs and 400.07 lakhs respectively of the Company and Rs 839.53 lakhs and Rs 503.89 lakhs respectively of the subsidiary company, Novak, incurred on the loans taken from financial institution by the Company against the security created by way of equitable mortgage on Hyatt Regency Kolkata for providing loan to the said subsidiary company required for the acquisition of HRM. It also includes amount of Rs 7.32 lakhs towards Interest on overdraft facilities availed from IDBI Bank Ltd and Axis Bank Ltd by the Company. 6.The company’s subsidiary GJS Hotels Limited ( GJS ) has filed a writ petition before the Odisha High court challenging the order issued by the Government of Odisha, through the GA & PG Dept, dated 2nd November 2024 referring to non-compliance with specific terms and conditions of the lease deed and instructing GJS to vacate the property within 15 days, as per the terms of the lease, resulting in surrendering of the property held by the subsidiary in Odisha and forfeiture of the bank guarantee amounting to Rs. 350 lakhs given by the company as performance bank guarantee. As on 31st December 2024, the company has investments of Rs. 860.86 lakhs in said subsidiary as equity shares and Rs. 394.21 lakhs as loan to the subsidiary which includes debit for encashment of Bank guarantee as stated above. 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 said subsidiary as stated above has been made in the books of accounts. Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 780576000.00 303606000.00 1084182000.00 107127000.00 0.00 0.00 178556000.00 303543000.00 28479000.00 341421000.00 959126000.00 125056000.00 0.00 125056000.00 48814000.00 1593000.00 50407000.00 0.00 74649000.00 0.00 0.00 0.00 0.00 74649000.00 -89000.00 74560000.00 74649000.00 0.00 74560000.00 0.00 172917000.00 10 4.32 4.32 0.00 0.00 4.32 4.32 Fuel, Power & Light 16018000.00 Operating and General Expenses 84496000.00 Repairs, Maintenance & Refurbishing 12571000.00 Fuel, Power & Light 54602000.00 Operating and General Expenses 248660000.00 Repairs, Maintenance & Refurbishing 38159000.00 -40000.00 -119000.00 -10000.00 -30000.00 0.00 0.00