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Asian Hotels (North) Ltd logo

Asian Hotels (North) Ltd

NSE: ASIANHOTNR BSE: 500023

₹293.40

(4.28%)

Thu, 12 Mar 2026, 09:40 am

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Company History

1980

  • The Company was incorporated on 13th November
  • The Company undertook to set up a 5-star hotel comprising 588 rooms of international standards at Cama Place Complex, New Delhi

1982

  • 700 shares subscribed for by the signatories to the Memorandum & Articles of Association
  • 4,96,500 shares taken up by promoters

1985

  • 26,40,000 rights shares issued
  • Unsubscribed portion of the rights issue of 1,90,000 No. of equity shares issued to New Delhi Equipment Leasing Co. Ltd.

1986

  • Forfeiture on 1,877 shares annulled and 3,402 shares sold in the open market

1988

  • 14,08,660 shares issued to financial institutions at par on conversion of loans

1990

  • The proposal for the construction of a hotel at Lucknow was dropped
  • The Company embarked on a programme of substantial renovation programme of the entire hotel
  • The Company entered into a franchise agreement with M/s. Hyatt of Hong Kong Ltd.
  • 12,39,600 No. of equity shares allotted

1993

  • The technical services, sales and market agreement expired
  • A new sales and marketing and management services agreement was entered into with Hyatt International for a period of 15 years

1995

  • The Company has acquired 50,000 Equity shares of Rs 10 each at par of J.S.G. Hotels Ltd.
  • The Company has acquired a majority stake in the equity share capital of Regency Convention Centre And Hotels Ltd.

1996

  • 65,15,104 bonus shares issued in prop. 2:5

2001

  • Asian Hotels Ltd has reported a 38.91 per cent decline in net profit for the quarter ended September 30, 2001

2002

  • Mr R G N Swamy resigns from the Directorship of the company

2003

  • Mr. Ritesh Kumar's nomination as Nominee Director was withdrawn w.e.f July 9, 2003

2007

  • Asian Hotels Ltd has appointed Mr. Arun K. Saraf as Alternate Director to Mr. R.S. Saraf
  • Asian Hotels Ltd has appointed Mr. Radhe Shyam Saraf as Additional Director on the Board of the Company

2010

  • Asian Hotels Ltd has appointed Mr. Lalit Bhasin, Mr. Dinesh C Kothari, and Mr. Gautam R Divan as Independent Non-Executive Directors
  • Asian Hotels (North) Ltd has decided to appoint Mr. Adarsh Jatia as Executive Director of the Company
  • Company has changed its name from Asian Hotels Ltd. to Asian Hotels (North) Ltd.

2011

  • Asian Hotels (North) has recommended a dividend of Rs. 2.50 per share, i.e. 25%

2012

  • Asian Hotels (North) has recommended a dividend of Re.1 & paisa 50 per share, i.e. 15%

2013

  • Asian Hotels (North) Ltd has recommended a dividend of Re. 1/- (Rupee One only) per share

2014

  • Asian Hotels (North) Ltd recommended a dividend of Re. 1/- (Rupee One only) per share, i.e. 10% for the year under review, to the Equity Shareholders.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800