Asian Hotels (North) Ltd has reported a default on payment obligations amounting to Rs 770.12 crore as of December 31, 2025. The company disclosed that the entire outstanding loan amount to banks and financial institutions has been classified under default, with no dues reported on unlisted debt securities.
Asian Hotels (North) Ltd has disclosed a complete default on its bank and financial institution loans totalling Rs 770.12 crore. In its regulatory filing under SEBI’s C2 disclosure format, the company confirmed non-payment of both interest and principal dues as of December 31, 2025.
Key Developments
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The total outstanding amount to banks and financial institutions stands at Rs 770.12 crore.
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The entire amount has been classified as default, indicating full non-payment.
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No defaults were reported on unlisted debt securities such as NCDs or NCRPS.
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The total financial indebtedness of the company, including both short-term and long-term borrowings, is Rs 770.12 crore.
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The default disclosure underscores prolonged financial stress amid weak hospitality sector recovery post-pandemic.
The company’s filing suggests that repayment challenges persist, possibly tied to subdued cash flows and sectoral demand pressures impacting hotel operations.
Source: BSE Corporate Filings, Asian Hotels (North) Ltd Disclosure