Asian Hotels (North) reports significant loan defaults, financial indebtedness at INR 707.89 crore

Asian Hotels (North) Limited has disclosed defaults on principal and interest payments for a secured term loan from Sammaan Capital Limited, totaling INR 98,04,89,261 as of September 25, 2025. This amount comprises a principal of INR 95,76,80,000 and accrued interest of INR 2,28,09,261, with the default occurring on June 20, 2025. The loan carried a 12% p.a. interest rate and had a six-month tenure.

The company's total outstanding borrowings from banks and financial institutions stand at INR 457.84 crore, while its total financial indebtedness, including short-term and long-term debt, is INR 707.89 crore as of the disclosure date.

Additionally, as of June 30, 2025, the total amount outstanding for loans and revolving facilities from banks and financial institutions was INR 677.12 crore, with the entirety of this amount in default. Total financial indebtedness as of this date remained at INR 677.12 crore.