Asian Hotels (East) Limited
Regulatory Context and Quantitative Figures
The fines were imposed pursuant to:
- NSE Letter No NSE/LIST-SOP/FINES/0717 dated 30th June, 2026
- BSE Letter No SOP-Review dated 30th June, 2026
The penalty was specifically for non-compliance with Regulation 33 of the SEBI Listing Regulations, 2015, concerning the delayed submission of:
- Audited standalone financial results for quarter (Q4) and financial year ended 31st March, 2026
- Audited consolidated financial results for quarter (Q4) and financial year ended 31st March, 2026
Board Deliberations and Findings
The Board of Directors reviewed the notices at their meeting held on 9th July, 2026 (the same date as this disclosure). The Board made the following observations:
- The delay in submission was unintentional
- The delay was beyond the Company's control to deliberate on and approve the financial results within the prescribed timeline
- There was no intent on the part of the Company or its management to delay or withhold any disclosure from stock exchanges or shareholders
Actions Directed
The Board has taken the following actions:
- Approved the aforesaid financial results at the same meeting (9th July, 2026)
- Directed management to pay the necessary fines to both BSE and NSE within the stipulated timeline
- Mandated future compliance with applicable provisions of the Listing Regulations, 2015 to avoid any subsequent action by the exchanges
Legal Basis
The disclosure is made pursuant to the SEBI Master Circular dated 11th July, 2023, as amended.