5000232026-01-012026-03-315000232026-03-315000232025-03-315000232025-04-012026-03-315000232026-01-012026-03-31in-capmkt:OtherExpenses1Member5000232025-04-012026-03-31in-capmkt:OtherExpenses1Member5000232026-03-31OtherNoncurrentFinancialAssetsDomain15000232026-03-31OtherNoncurrentAssetsDomain15000232026-03-31OtherCurrentFinancialAssetsDomain15000232026-03-31OtherCurrentAssetsDomain15000232026-03-31OtherNoncurrentFinancialLiabilitiesDomain15000232026-03-31OtherNoncurrentLiabilitiesDomain15000232026-03-31OtherCurrentFinancialLiabilitiesDomain15000232026-03-31OtherCurrentLiabilitiesDomain15000232026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15000232025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15000232026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares500023ASIANHOTNRNOTLISTEDINE363A01022Asian Hotels (North) LimitedMain BoardEquity2025-04-012026-03-312026-05-282026-05-22INRLakhsQuarterlyFourth quarterSingle segmentHospitality and Hotel Business2026-05-2813:45:002026-05-2815:45:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated10290950005519000103461400098728000002273660001409710004028300046821300097556100059053000-79450000-203970000-333381000-333381000031298400000003129840002214000315198000315198000426332000108.78.7008.78.7NOTES: <BR> <BR> 1. The above consolidated financial results of the Group 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 above consolidated financial results of the Group were reviewed by the Audit Committee and taken on record by the Board of Directors of the Holding Company at their respective meetings held on May 28, 2026. <BR> 3. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Whole time Director and Chief Executive Officer who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the chief operating decision-maker. From the internal organisation of the Group’s activities and consistent with the internal reporting provided to the chief operating decision-maker and after considering the nature of its services, the ultimate customer availing those services and the methods used by it to provide those services, “Hotel Services” has been identified to be the Group’s sole operating segment. <BR> 4. Status of Secured and Unsecured Borrowings <BR> The Holding Company has defaulted on the repayment of principal as well as interest on borrowings, aggregating to INR 59,326.46 lakhs and INR 23,709.15 lakhs respectively. Additionally, the Holding Company has also breached covenant associated with aforementioned borrowings. Due to these defaults, the Holding Company has recognised Financial charges (net) amounting to INR 794.50 lakhs and INR 10,496.15 lakhs for the quarter and year to date ended 31 March 2026 respectively , which has been disclosed as an exceptional item in the consolidated financial results for the quarter and year to date ended 31 March 2026 respectively. <BR> During the current quarter, the Holding Company has issued 2,31,80,000 equity shares at INR 330 per share on a preferential basis amounting to INR 76,494.00 lakhs. Accordingly, Holding 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 and penal 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 Group has incurred a loss before exceptional items and tax of INR 3,680.73 lakhs for the year ended 31 March 2026. Further, as at 31 March 2026, the Group’s current liabilities exceed its current assets. Notwithstanding this, the consolidated financial results have been prepared on a going concern basis. The management has assessed the Group’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 Group’s liquidity position has strengthened pursuant to equity and debt issuances completed during the period, along with repayment of major borrowings. <BR> 6. During the year ended March 31, 2025, the Holding 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 Principal as well as Interest on these borrowings amounting to INR 18,466.56 lakhs for the quarter ended March 31,2025 and INR 30,120.56 lakhs for the year ended March 31, 2025, which was disclosed as exceptional item in the consolidated financial results for the quarter and year to date ended 31 March, 2026 respectively. <BR> <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 and 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 Group, 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 consolidated financial results of the Group for the quarter and year ended March 31, 2026. Once Central / State Rules are notified by the Government on all aspects of the Codes, the Group will evaluate final impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. <BR> 8. On August 8, 2025, AHNL Realty Private Limited was incorporated as a wholly owned subsidiary of the Holding Company. Further the Holding Company has transfered INR 5 Lakhs towards equity shares on February 8, 2026. Following this equity infusion, the Holding Company is required to prepare consolidated financial results for the first time for the quarter and year to date ended 31 March 2026. Accordingly, the Holding Company has presented consolidated financial results for the quarter and year to date ended 31 March 2026, while standalone financial results for the quarter ended 31 December 2025, the quarter ended 31 March 2025, and the year to date ended 31 March 2025 have been disclosed as comparative figures. <BR> 9. The Holding Company has not included foreign subsidiaries, namely Fineline Hospitality & Consultancy Pte Ltd, Mauritius and Lexon Hotels Venture Ltd., Mauritius in consolidated financial results for the quarter and year to date ended 31 March, 2026 due to the voluntary liquidation of a aforementioned foreign subsidiaries is in process resulting in loss of control. <BR> 10. The Figures for the quarter ended March 31, 2026 and March 31, 2025 represents the difference between the audited figures in respect of the financial year ended March 31, 2026 and March 31, 2025 respectively and the published unaudited figures of nine months ended December 31, 2025 and December 31, 2024 respectively which were subject to limited review by the Auditors. <BR> 11. 'Figures of previous reporting periods have been regrouped/ reclassified wherever necessary to correspond with the figures of the current reporting period. <BR> 2025-04-012026-03-31AuditedConsolidated34108110008171900034925300003526110000085920800072469700017765500017464320003860603000-368073000-1049615000-14176880000-395117000-3951170000-10225710000000-10225710002214000-1020357000-1020357000426332000105017632000-44.05-44.0500-44.05-44.05Other Expencess468213000Other Expencess1746432000138365920000000138581000138581000332637000229114000145369240008962300002125650001835384000694800001284470002183344000112568000238553500016922459000426332000877958400092059160009205916000265690700054210002662328000356260001063657000376161100068040000064703000408002000472705000148792900026410340001301411000124870003954932000771654300016922459000Other financial Assets138581000Other non-current assets229114000Other financial assets128447000Other current assets112568000Other financial Liabilities5421000Other non-current liabilities1063657000Other financial liabilities1487929000Other current liabilities130141100072469700043164000-488800000-19551000-27029000-100634000-551130000-251590000-2298470000017765500002161000154600037224300014600018679500001622000000092378700000-144264000-1561952000000-64050000-1555547000000000002042730003272200000000000000000000016220000017317300000760287200000002952837000268658000079701620000025922710000026798560001297482000012974820005379020001835384000Remeasurement Gain on Post Employement Benefit Plan29590002959000Remeasurement Gain on Post Employement Benefit Plan2959000295900074500074500022140002214000AuditedtrueG.K. Choksi & Co.true2029-01-31