Asian Hotels (North) Limited has announced that it has received in-principle approval from both BSE Limited and the National Stock Exchange of India Limited for a proposed preferential issue. The approval was granted on January 19, 2026.

The preferential issue involves the issuance of 2,31,80,000 equity shares, each with a face value of ₹10. The issue price is set at not less than ₹330 per share. The company has received confirmation letters from both stock exchanges regarding this approval.

The stock exchanges have stipulated several conditions that the company must fulfill, including filing the listing application promptly after allotment, obtaining all necessary statutory and regulatory approvals, and ensuring compliance with SEBI (LODR) Regulations, 2015, the Companies Act, and other applicable laws. The company is also advised to strengthen internal controls to monitor trades by proposed allottees and obtain undertakings confirming they will not engage in intra-day trading or sell shares until the allotment date.