Asian Hotels (North) Limited has been fined ₹4,48,400 (inclusive of GST) by the National Stock Exchange of India Limited (NSE) for non-compliance with Regulation 17(1) of the Listing Regulations, specifically concerning the composition of the Board of Directors and the failure to appoint a woman director. The fine was imposed vide NSE's letter dated February 27, 2026, relating to 76 days of non-compliance. The company stated that the fine has no material impact on its financial, operational, or other activities. The company also explained that the delay in intimating this development was due to the NSE's fine notification email being inadvertently sent to the spam folder of the Company Secretary and Compliance Officer. The matter only came to their attention on March 3, 2026, when the spam folder was reviewed. The company noted that a similar fine was received from BSE on February 27, 2026, and was duly intimated to both exchanges on the same day. The delay in this specific intimation is attributed to a technical filtering of the email and has been requested to be condoned.
