Asian Hotels (North) Limited announced on January 16, 2026, that its Board of Directors has approved the raising of funds through the issuance of 3,000 unlisted, senior, secured, redeemable non-convertible debentures (NCDs). Each debenture has a face value of ₹10,00,000, aggregating to a nominal value of up to ₹300 crore. This issuance will be conducted on a private placement basis.

The NCDs will have a tenure of two years from the Deemed Date of Allotment, with a cash coupon rate of 12.5% per annum, payable monthly. The redemption schedule includes 10% at the end of 12 months, 10% at the end of 18 months, and the remaining 80% at the end of two years. The issuance is secured by a pari passu first charge on the company's property comprising the Hyatt Regency hotel and commercial block at Bhikhaji Cama Place, New Delhi, and a first pari passu charge on movable fixed assets and current assets.

As of December 31, 2025, the company reported an amount of ₹770.12 crore in default on payments of interest/repayment of principal on loans from banks and financial institutions. The Board meeting commenced at 6:00 p.m. IST and concluded at 8:00 p.m. IST on January 16, 2026.