Asian Hotels (North) shareholders approve capital increase, share issuance

Asian Hotels (North) Limited announced that its extra ordinary general meeting (EGM), held on Saturday, November 8, 2025, resulted in the approval of two key resolutions. The first, an ordinary resolution, was for an increase in the company's authorized share capital and a consequent amendment to the capital clause of the memorandum of association. This resolution passed with 99.97% of votes cast in favor.

The second resolution, a special resolution for the issuance of equity shares on a preferential basis, also received overwhelming support, with 99.96% of votes cast in favor. Both resolutions were passed with the requisite majority. A total of 9,958 shareholders were on record as of November 1, 2025, with 71 public shareholders attending the EGM via video conferencing/other audio visual means.

The EGM proceedings, including remote e-voting and e-voting during the meeting, commenced at 11:30 a.m. (IST) and concluded at 12:11 p.m. (IST). The voting results and the scrutinizer's report dated November 8, 2025, have been uploaded to the company's website and the RTA's website for public disclosure.