Asian Hotels (North) updates fair value for preferential issue, price unchanged

Asian Hotels (North) Limited informed shareholders of an updated fair value per share for its preferential issue. The new fair value is recommended at INR 307.97 per share, an increase from the previously stated INR 305.73 per share.

This revised valuation, provided by M/s GAA Advisory LLP, an independent registered valuer, is in accordance with Regulation 166A(1) of SEBI ICDR Regulations, 2018. The valuation report is accessible on the company’s website.

Despite the change in fair value per share, Asian Hotels (North) confirmed that the proposed issue price of INR 330/- per share for the preferential issue remains unchanged. This price had previously been approved by the company's shareholders.

The update pertains to developments and amendments related to the Notice of EGM dated October 14, 2025, and the Corrigendum to the Notice dated October 31, 2025. The company requested that all stakeholders take this information on record.