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Asian Hotels (North) Limited ( (IN:ASIANHOTNR) ) just unveiled an announcement.
Asian Hotels (North) Limited has addressed fines of Rs 1,06,200 each imposed by BSE and NSE for non-compliance with board composition norms, specifically the failure to appoint a woman director as required under Regulation 17(1) of the Listing Regulations. The company informed that its board, in a meeting held on January 16, 2026, reviewed the exchanges’ notices and noted that it has since appointed Ms. Karishma Kaur Gill as an independent non-executive woman director effective December 16, 2025, for one year, subject to shareholder approval. The board emphasized that the delay was unintentional and stemmed from the time needed to find a suitable independent director, and highlighted that the board now has a compliant mix with a majority of independent directors and an independent chairperson. The company further stated it has strengthened internal processes to prevent such delays, signaling to regulators and investors its commitment to full regulatory compliance and improved governance practices.
More about Asian Hotels (North) Limited
Asian Hotels (North) Limited operates in the hospitality industry, owning and managing hotel assets and related services in India, with its equity shares listed on both BSE and the National Stock Exchange of India under the symbol ASIANHOTNR.
Average Trading Volume: 2,249
Technical Sentiment Signal: Buy
Current Market Cap: 6.08B INR
Learn more about ASIANHOTNR stock on TipRanks’ Stock Analysis page.