5000232025-10-012025-12-315000232025-12-315000232025-04-012025-12-315000232025-10-012025-12-31in-capmkt:OtherExpenses1Member5000232025-04-012025-12-31in-capmkt:OtherExpenses1Memberiso4217:INRiso4217:INRxbrli:shares500023ASIANHOTNRNOTLISTEDINE363A01022ASIAN HOTELS (NORTH) LIMITEDMain BoardEquity2025-04-012026-03-312026-02-132026-02-06INRLakhsQuarterlyThird quarterSingle segmentHospitality/Hotel Business2026-02-1317:30:002026-02-1318:00:00Not applicablefalsetrue2025-10-012025-12-31UnauditedStandalone909844000-230009098210009436400000216640000212502000452020005030870001071795000-161974000-402763000-5647370000000-5647370000000-5647370000-56473700019453300010-29.03-29.0300-29.03-29.03NOTES: <BR> 1 The unaudited financial results of the Company have been prepared in accordance with Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with the relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. <BR> 2 The unaudited financial results of the Company were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on February 13, 2026. The statutory auditors have expressed an unmodified review conclusion on these results. <BR> 3 The Company operates only in one major reportable segment, i.e. Hospitality / Hotel Business. Other business segments i.e. power generation operations and 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. <BR> 4 Status of Borrowings <BR> The Company has defaulted on the repayment of principal as well as interest on borrowings, aggregating to INR 59,326.46 lakhs and INR 8,137.59 lakhs respectively, outstanding as of 31 December 2025. Additionally, the Company has also breached covenant associated with aforementioned borrowings. Due to these defaults, the Company has recognised interest/penal charges amounting to INR 4,027.63 lakhs and INR 9,701.65 lakhs (penal charges amounting to INR 14,904.56 lakhs, net of reversal of interest amounting to INR 5,202.91 lakhs) for the quarter and year to date end respectively , which has been disclosed as an exceptional item in the financial results for the quarter and year to date ended 31 December 2025. <BR> During the quarter ended December 31, 2025, the outstanding loan facility aggregating to INR 10,691.27 lakhs (comprising principal of INR 9,576.80 lakhs and accrued interest of INR 1,114.47 lakhs) together with all rights and accrued interest thereon has been assigned to JC Flowers Asset Reconstruction Private Limited. Pursuant to such assignment, effective November 12, 2025, JC Flowers Asset Reconstruction Private Limited has become the new lender. <BR> During the quarter, the Company convened an Extra-Ordinary General Meeting on 08 November 2025 to consider and approve a fresh issue of equity shares on a preferential basis amounting to INR 76,494.00 lakhs. Subsequent to the quarter end, the company has issued 2,31,80,000 equity shares at INR 330 per share. Accordingly company has received INR 76,494.00 lakhs and such fund has been utilised for the purpose of repayment of the aforementioned entire outstanding borrowings (including interest). Consequently, the default with respect to aforesaid borrowings stands fully resolved. <BR> 5 Current Status of Business Operations and Ability to Continuity as Going Concern <BR> The Company has incurred a loss before exceptional items and tax of INR 1,619.74 lakhs for the quarter ended 31 December 2025 and INR 4,271.26 lakhs for the nine-month period ended 31 December 2025. Further, as at 31 December 2025, the Company’s current liabilities exceed its current assets. Notwithstanding this, the financial results have been prepared on a going concern basis. The management has assessed the Company’s ability to continue as a going concern and is of the view that the significant improvement in operating performance during the recent period, along with various cost optimization measures undertaken and being implemented, will support improved profitability going forward. Further, the Company’s liquidity position has strengthened pursuant to equity and debt issuances completed subsequent to the quarter end, along with repayment and restructuring of certain borrowings. <BR> 6 During the year ended March 31, 2025, the Company has done One Time Settlement (OTS) with Bank of Maharashtra ("BOM"), J.C. Flowers Asset Reconstruction Private Limited ("JCF"), Standard Capital Markets Ltd.("SCML"), Punjab National Bank ("PNB") and VSJ Investments Private Limited ("VSJ"). Due to such settlement, there is write back of interest as well as Principal on these loans amounting to INR 11,654.00 lakhs for the quarter and year to date ended December 31, 2024 and INR 30,120.56 lakhs for the year ended March 31, 2025, which was disclosed as exceptional item. <BR> 7 On November 21, 2025, the Government of India notified four Labour Codes – the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Codes) – consolidating 29 existing labour laws, which became effective immediately. The ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. <BR> The incremental impact of these changes, assessed by the Company, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, is not material in the financial results of the Company for the quarter and nine months ended December 31, 2025. Once Central / State Rules are notified by the Government on all aspects of the Codes, the Company will evaluate final impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. <BR> 8 The Company is not required to present consolidated financial results for the quarter and year to date ended 31 December 2025, considering: <BR> i) the voluntary liquidation of a foreign subsidiaries, namely Fineline Hospitality & Consultancy Pte Ltd, Mauritius and Lexon Hotels Venture Ltd., Mauritius, resulting in loss of control; and <BR> ii) the incorporation of a new subsidiary, namely AHNL Realty Private Limited, where remittance towards acquisition of shares is pending, resulting in absence of control. <BR> <BR> 2025-04-012025-12-31UnauditedStandalone23817160007620000024579160002538830000063184200058372600013737200012782190002885042000-427126000-970165000-13972910000-61736000-617360000-13355550000000-13355550000-133555500019453300010-68.65-68.6500-68.65-68.65Other Expenses503087000Other Expenses12782190006746405000The Company has defaulted on the repayment of principal as well as interest on borrowings, aggregating to INR 59,326.46 lakhs and INR 8,137.59 lakhs respectively, outstanding as of 31 December 2025. <br></br> <br></br> Additionally, please refer the Notes. <br></br> 6746405000000