ASIANHOTNR2024-10-012024-12-31 ASIANHOTNR2024-10-012024-12-31 ASIANHOTNR2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member ASIANHOTNR2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member ASIANHOTNR2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500023 ASIANHOTNR NOTLISTED Asian Hotels (North) Limited Equity 2024-04-01 2025-03-31 2025-02-13 2025-02-06 INR Lakhs Third quarter 18:45:00 19:30:00 2025-02-13 2025-02-13 Not applicable Single segment Hospitality/Hotel Business 2024-10-01 2024-12-31 Unaudited Standalone 864667000.00 129000.00 864796000.00 96751000.00 0.00 0.00 203844000.00 285855000.00 49870000.00 349053000.00 985373000.00 -120577000.00 1165400000.00 1044823000.00 -117000.00 141902000.00 141785000.00 0.00 903038000.00 0.00 0.00 0.00 0.00 903038000.00 0.00 903038000.00 0.00 0.00 194533000.00 10 46.42 46.42 0.00 0.00 46.42 46.42 1) The above results for the quarter and nine months ended December 31, 2024 were reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on February 13, 2025. 2) The above results have been prepared in accordance with the Companies [Indian Accounting Standards] Rules, 2015 [Ind AS] prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. The format for above results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with requirements of SEBI's circular dated July 5, 2016, Ind AS and Schedule III [Division II] to the Companies Act, 2013 applicable to companies that are required to comply with Ind AS. 3) The Company operates only in one major reportable segment, i.e. Hospitality / Hotel Business. Other business segments i.e. power generation operations & Real Estate operations are governed by different set of risks and returns. However, the respective revenue streams and net profit / (loss) related to those segments are not material for the purpose of separate disclosure as a reportable segment. 4) The figures of the quarter ended December 31, 2024 are the balancing figures between the figures upto nine month ended 31th December, 2024 & published results upto 30th September, 2024. 5) Status of Secured and Unsecured Borrowings a) The secured lenders of the Company as at December 31, 2024 are: Star Strength, J C Flower ARC Pvt Ltd, Standard Capital Market Limited & Bank of Maharashtra. b) During the quarter ended December 31, 2024, the Company has done One Time Settlement (OTS) with Punjab National Bank ( PNB ) and VSJ Investments Private Limited ( VSJ ). Due to such settlement there is write back of interest liability on these loans amounting to Rs. 116.54 Crores which is being disclosed as exceptional item in the results for this quarter. c) The Company has raised funds from various parties for making payment of OTS amounts towards the secured loan obligations towards PNB & VSJ . d) The Company has entered with OTS with Star Strength, J C Flower ARC Pvt Ltd, Standard Capital Market Limited & Bank of Maharashtra to settle the outstanding dues owed to the bank. Company is expecting to complete OTS with all secured lenders before 31/03/2025. 6) Current Status of Business Operations and Ability to Continuity as Going Concern The Company's financial statements are prepared on a going concern basis, which contemplates the utilization of assets and the satisfaction of obligations in the normal course of business. The operating profitability for the Company is improving significantly. The Company is in amicable discussions with Banks and Financial Institutions, to resolve financial matters in the best interest for bankers as well as shareholders. The Management is confident that its planned financial settlement will enable the Company to continue as a going concern. 7) Loss on foreign currency transactions and translations' (if any) under 'Finance costs' represents loss on foreign currency borrowings to the extent that they are regarded as an adjustment to finance cost as per Para 6(e) of Ind - AS : 23 'Borrowing Costs'. 8) In respect of foreign subsidiaries an liquidation order is being passed by competent authority. Accordingly, the Company has lost control over these entities. So, it will not be presenting Consolidated Financial Statements. 9) In continuation to Note 8, above, the Company is not having any subsidiary/associate/joint venture company(ies), as on December 31, 2024. Accordingly, the Company is not required to present consolidated financials statements as at December 31, 2024. 10) 'Figures of previous reporting periods have been regrouped/ reclassified wherever necessary to correspond with the figures of the current reporting period. Single segment 2024-04-01 2024-12-31 Unaudited Standalone 2266833000.00 5075000.00 2271908000.00 262835000.00 0.00 0.00 567297000.00 1009928000.00 149790000.00 889213000.00 2879063000.00 -607155000.00 1165400000.00 558245000.00 -117000.00 427577000.00 427460000.00 0.00 130785000.00 0.00 0.00 0.00 0.00 130785000.00 0.00 130785000.00 0.00 0.00 194533000.00 10 6.72 6.72 0.00 0.00 6.72 6.72 Other Expenses 349053000.00 Other Expenses 889213000.00