Asian Hotels (North) proposes capital increase, preferential share allotment

Asian Hotels (North) Limited will hold an Extra-Ordinary General Meeting (EGM) on Saturday, November 08, 2025, at 11:30 a.m. (IST) via video conference to approve key financial proposals. The company seeks to increase its authorized share capital from INR 70,00,00,000 to INR 75,00,00,000, comprising 4,50,00,000 equity shares and 3,00,00,000 preference shares, each at INR 10.

Furthermore, the EGM will consider a special resolution for a preferential issue of up to 2,31,80,000 equity shares for cash to Elana Holdings PTE. LTD, a non-promoter. These shares will be issued at INR 330 each, including a premium of INR 320, aiming to raise INR 764,94,00,000. The proceeds will be utilized for the repayment of the company's debt within six months. The cut-off date for remote e-voting is Saturday, November 01, 2025, with voting commencing on November 05, 2025, and closing on November 07, 2025. The Register of Members and Share Transfer Book will be closed from November 02, 2025, to November 08, 2025.