Meeting Details

The 45th Annual General Meeting of Asian Hotels (North) Limited was held on Tuesday, September 29, 2026, at 11:30 a.m. IST and concluded at 12:14 p.m. IST. The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue was the Registered Office of the Company at Bhikaji Cama Place, M. G. Marg, New Delhi – 110066. The meeting was convened by a notice dated August 10, 2026.

Proposed Resolutions and Implications

Four resolutions were placed before the shareholders for approval:

Ordinary Business:

1. Item 1 (Ordinary Resolution): Consideration and adoption of the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon.

2. Item 2 (Ordinary Resolution): Re-appointment of Mr. Krishna Kumar Acharya (DIN: 08933298), who retires by rotation, as a Director.

Special Business:

3. Item 3 (Special Resolution): Re-appointment of Dr. Arun Gopal Agarwal (DIN: 00374421) as a Whole-Time Director designated as CEO & Executive Director for a period of one year, from July 30, 2026, to July 29, 2027.

4. Item 4 (Special Resolution): Re-appointment of Mr. Krishna Kumar Acharya (DIN: 08933298) as a Whole-Time Director designated as an Executive Director for a period of two years, from August 12, 2026, to August 11, 2028.

Voting Process

The Company provided two methods for voting:

1. Remote E-Voting: Managed by KFin Technologies Ltd. The voting period commenced on Saturday, September 26, 2026, at 9:00 A.M. IST and concluded on Monday, September 28, 2026, at 5:00 P.M. IST.

2. E-Voting during the AGM: This facility was provided for the last 15 minutes of the meeting for members who attended but had not cast their votes via remote e-voting.

The cut-off date for determining members eligible to vote was Tuesday, September 22, 2026. There was no voting by show of hands.

Key Voting Outcomes

Overall Participation:

  • Total number of shareholders on the record date: 9,967
  • Total number of shares outstanding: 4,26,33,229
  • Total votes cast (shares voted): 3,62,40,569
  • Overall voter turnout: 85.0055% of outstanding shares

Attendance:

  • 63 public shareholders, representing 16,01,057 shares, attended the meeting via VC/OAVM.
  • No promoters or promoter group shareholders attended.

Resolution-wise Results:

All four resolutions were passed with a near-unanimous 99.9999% votes in favor.

• Item 1 (Ordinary - Financial Statements):

  • Votes in Favor: 3,62,40,524 (99.9999%)
  • Votes Against: 45 (0.0001%)

• Item 2 (Ordinary - Director Re-appointment):

  • Votes in Favor: 3,62,40,524 (99.9999%)
  • Votes Against: 45 (0.0001%)

• Item 3 (Special - Director Re-appointment):

  • Votes in Favor: 3,62,40,524 (99.9999%)
  • Votes Against: 45 (0.0001%)

• Item 4 (Special - Director Re-appointment):

  • Votes in Favor: 3,62,40,524 (99.9999%)
  • Votes Against: 45 (0.0001%)

Category-wise Voting Breakdown (Consolidated for all resolutions):

  • Promoter & Promoter Group: 0 shares voted (0.00% turnout).
  • Public - Institutions: 2,38,75,221 shares voted (94.8698% of their 2,51,66,301 shares). 100% votes were in favor.
  • Public - Non-Institutions: 1,23,65,348 shares voted (70.793% of their 1,74,66,928 shares). 99.9996% votes were in favor (1,23,65,303 shares), with 45 shares (0.0004%) against.

Scrutinizer's Role and Findings

Mr. Shashikant Tiwari, Partner of M/s. Chandrasekaran Associates, Company Secretaries (Membership No. FCS 11919), was appointed as the Scrutinizer. His responsibilities included scrutinizing the entire electronic voting process (remote e-voting and e-voting at the AGM) in a fair and transparent manner.

The votes were unblocked from the KFintech platform on September 29, 2026, at around 12:20 P.M. in the presence of two independent witnesses: Ms. Tripti Rani and Ms. Shipra Jain.

The Scrutinizer's report, dated September 29, 2026, confirmed the results detailed above and found no invalid votes. The report concluded that all resolutions were passed with the requisite majority.

Compliance Confirmation

The company confirms that the meeting was conducted in compliance with the provisions of the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

The Annual Report and Notice of the AGM were dispatched to members in electronic mode on September 4, 2026. Physical copies were sent upon request. Newspaper advertisements confirming the dispatch were published in Business Standard (English and Hindi) on August 26, 2026, and September 5, 2026.

Other Attendees

The following Directors, KMPs, and representatives attended the AGM:

  • Dr. Sharad Sharma, Chairman & Whole Time Director (New Delhi)
  • Dr. Arun Gopal Agarwal, CEO & Executive Director (New Delhi)
  • Mr. Yogesh Chander Modi, Independent Director (New Delhi)
  • Mr. Krishna Kumar Acharya, Executive Director (Lucknow)
  • Ms. Karishma Kaur Gill, Independent Director and Chairperson of Audit Committee, Stakeholders' Relationship Committee, and Nomination and Remuneration Committee (Mumbai)
  • Ms. Kriti Narula Sehgal, Company Secretary & Compliance Officer (New Delhi)
  • Mr. Nikunj Devpura, Vice President, and Mr. Darshan Shah, Manager, of M/s. G K Choksi & Co., Chartered Accountants (Statutory Auditors) (Ahmedabad)
  • Mr. Shashikant Tiwari, Partner of M/s. Chandrasekaran Associates, Company Secretaries (Secretarial Auditor & Scrutinizer) (New Delhi)