Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR Regulations

Audit Opinion:

Unmodified review conclusion. The auditors expressed no modifications to their conclusion.

Key Financial Highlights [₹ Lakhs]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹9,155.23 (vs ₹7,689.71 in Q2 FY26 - 19.1% increase YoY)
  • Total Income: ₹9,171.86 (vs ₹8,423.74 in Q2 FY26)
  • Profit from ordinary activities before exceptional items and tax: ₹437.72 (vs loss of ₹1,831.70 in Q2 FY26)
  • Exceptional Items: ₹448.97 expense (one-time employee benefit cost)
  • Net Loss: ₹37.04 (vs loss of ₹6,352.71 in Q2 FY26)
  • EPS: (₹0.09) (vs (₹32.66) in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹16,918.66 (vs ₹14,718.72 in H1 FY26 - 14.9% increase YoY)
  • Total Income: ₹16,973.35 (vs ₹15,480.95 in H1 FY26)
  • Loss from ordinary activities before exceptional items and tax: ₹35.38 (vs loss of ₹2,651.52 in H1 FY26)
  • Exceptional Items: ₹448.97 expense
  • Net Loss: ₹391.07 (vs loss of ₹7,708.18 in H1 FY26)
  • EPS: (₹0.92) (vs (₹39.62) in H1 FY26)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹9,155.23
  • Total Income: ₹9,171.86
  • Profit from ordinary activities before exceptional items and tax: ₹437.59
  • Exceptional Items: ₹448.97 expense
  • Net Loss: ₹37.17
  • EPS: (₹0.09)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹16,918.66
  • Total Income: ₹16,973.35
  • Loss from ordinary activities before exceptional items and tax: ₹36.13
  • Exceptional Items: ₹448.97 expense
  • Net Loss: ₹391.82
  • EPS: (₹0.92)

Balance Sheet Position as at September 30, 2026 (Standalone) [₹ Lakhs]:

  • Property, Plant and Equipment: ₹137,690.41
  • Cash and Cash Equivalents: ₹1,715.08 (significant decrease from ₹18,348.84 as at March 31, 2026)
  • Other Financial Assets: ₹1,381.81
  • Total Assets: ₹169,071.79
  • Equity Share Capital: ₹4,263.32
  • Other Equity: ₹87,479.02
  • Borrowings (Non-current): ₹26,687.30
  • Borrowings (Current): ₹7,980.00
  • Total Liabilities: ₹169,071.79

Segment-wise Performance:

The company has identified "Hotel Services" as its sole operating segment, consistent with internal reporting to the chief operating decision-maker (Whole Time Director and Chief Executive Officer).

Corporate Actions:

No dividends, share splits, bonus issues, buybacks, or capital raising activities were announced in this filing.

Other Significant Information:

Exceptional Item Details:

  • The company recognized an incremental employee benefit liability of ₹448.97 lakhs as exceptional item
  • This represents past service cost due to implementation of new Labour Codes (Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020)
  • The Labour Codes were notified by Government of India on November 21, 2025, replacing 29 existing labour laws
  • Final Central Rules were notified during the six months ended September 30, 2026
  • The company continues to monitor finalization of State Rules by Government of NCT of Delhi

Going Concern Assessment:

  • Current liabilities exceed current assets as of September 30, 2026
  • Financial statements prepared on going concern basis due to significant improvement in operating performance
  • Cost-reduction measures being adopted to support ongoing operations

Entities in Consolidation:

  • Asian Hotels (North) Limited (Parent Company)
  • AHNE Realty Private Limited (Wholly Owned Subsidiary, effective August 8, 2025)