Pursuant to Regulation 34 of the Listing Regulations, 2015, we hereby enclose the 19th Annual Report along with Notice of the 19th AGM of the Company for the financial year ended 31st March, 2026.

cOMPANY’S PROFILE BOARd OF dIREctORS Arun Kumar Saraf - Jt. Managing Director Umesh Saraf - Jt. Managing Director Devesh Saraf - Non-Executive Director Sandipan Chakravortty - Independent Director Shourya Sengupta - Independent Director Swati Singhania - Independent Woman Director chIEF FINANcIAL OFFIcER Bimal K Jhunjhunwala chIEF LEgAL OFFIcER & cOMPANY SEcREtARY REgIStEREd OFFIcE Saumen Chatterjee Hyatt Regency, Kolkata JA-1, Sector-III, Salt Lake City StAtutORY AudItOR Kolkata-700 106, W.B., India M/s. Singhi & Co. Tel: 033-6820 1344/1346 Chartered Accountant Fax: 033-2335 8246 161, Sarat Bose Road Website: www.ahleast.com Kolkata-700 026 CIN: L15122WB2007PLC162782 SEcREtARIAL AudItOR M/s. Priyanka Rudra and Associates REgIStRAR & ShARE tRANSFER AgENt Dakshiyan Housing Complex, KFin Technologies Limited Block G, Flat 2, Ground Floor Selenium Tower B, Plot No. 31 & 32 Teghoria, Kolkata-700 157 Financial District, Nanakramguda, Serilingampally Mandal, BANkERS Hyderabad-500 032, IDBI Bank Limited Telangana, India Axis Bank Limited Tel: +440 67162222 HDFC Bank Limited Fax No.: +040 23001153/040 67161553 ICICI Bank Limited E-mail: einward.ris@kfintech.com Contents Notice of the AGM 02 Board’s Report along with annexures 13 Independent Auditors’ Report on Standalone Financial Statements 51 Accounts - Asian Hotels (East) Limited (Standalone) 62 Statement on Impact of Audit Qualifications (Standalone) 102 Annual Report of the Subsidiaries: (a) GJS Hotels Limited 103 (b) Novak Hotels Private Limited 139 Independent Auditors’ Report on Consolidated Financial Statements 173 Accounts - Asian Hotels (East) Limited (Consolidated) 182 Statement on Impact of Audit Qualifications (Consolidated) 225 Notes 19th Annual Report 2025-26 Notice (Contd.) Notice 19th ANNuAL gENERAL MEEtINg Notice is hereby given that the 19th Annual General Meeting (AGM) of the members of Asian Hotels (East) Limited (the Company) will be held on Thursday, 27th August, 2026 at 11:00 A.M. (IST) through video conferencing (VC)/ other audio-visual means (OAVM) to transact the following businesses: ORdINARY BuSINESS: 1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, along with the Reports of the Board of Directors and Auditors thereon. 2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Report of Auditors thereon. 3. To appoint a Director in place of Mr. Devesh Saraf (DIN: 07778585) who retires by rotation and being eligible, offers himself for re-appointment. SPEcIAL BuSINESS: 4. Reappointment of Mr. Sandipan chakravortty (dIN: 00053550) as an Independent director of the company. To consider and if thought fit, to pass the following resolution as a Special Resolution: “RESOLVEd thAt pursuant to the provisions of Sections 149, 150, 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended from time to time, and Regulation 16(1)(b), 17, 25 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations, 2015”) and based on the recommendation of Nomination & Remuneration Committee and approval of the Board at its respective meetings held on 28th March, 2026 and 30th May, 2026 respectively, Mr. Sandipan Chakravortty (DIN: 00053550), Independent Director of the Company who has submitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations, 2015 and who is eligible for reappointment and in respect of whom the Company has received a notice in writing from a member under Section 160 of the Act proposing his candidature for the office of Independent Director, be and is hereby reappointed as an Independent Director of the Company for a second term of five (5) consecutive years with effect from 10th August, 2026 to 9th August, 2031, not being liable to retire by rotation.” “RESOLVEd FuRthER thAt pursuant to the provisions of Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (including any statutory modification(s) or re-enactment thereof for the time being in force), consent of the members be and is hereby accorded to the continuation of directorship of Mr. Sandipan Chakravortty (DIN: 00053550) who has attained the age of seventy five (75) years, as a Non-ExecutiveDirector of the Company. “RESOLVEd FuRthER thAt the Board of Directors of the Company be and is hereby authorised to do all such acts, deeds, matters and things as may be required in this regard to give effect to this resolution.” Registered Office: By Order of the Board of Directors Hyatt Regency, Kolkata JA-1, Sector-III, Salt Lake City Kolkata - 700 106, West Bengal, India Tel: 033-6820 1344/1346 Sd/- Fax: 033-2335 8246 Saumen chatterjee Website: www.ahleast.com Chief Legal Officer & CIN: L15122WB2007PLC162762 Company Secretary 9th July, 2026 Notice (Contd.) Statutory Reports Financial Statements Asian Hotels (East) Limited Notes: - 1) MCA vide its latest general circular dated 22nd September, 2025 (MCA Circular) and SEBI vide its circular dated 3rd October, 2024 (SEBI Circular) have permitted the holding of the AGM through VC/ OAVM, without the physical presence of the members at a common venue. 2) Accordingly, in compliance with the provisions of the Companies Act, 2013 read with the aforesaid circulars, the AGM of the Company is being held through VC / OAVM only. Further, in accordance with Secretarial Standard on General Meetings (SS-2) read with Guidance/Clarification dated 15th April, 2020 issued by ICSI, the proceedings of the AGM shall be deemed to be conducted at the registered office of the Company. 3) Since this AGM is being held pursuant to the aforesaid circulars through VC/OAVM, physical attendance of members has been dispensed with. Accordingly, the facility for appointment of proxies by the members will not be available for the AGM and hence the proxy form, attendance slip and route map are not annexed to this Notice. 4) Explanatory Statement in respect of special business stating material facts and reasons for the proposed resolution as required under Section 102 of the Companies Act, 2013 and Secretarial Standard on General Meetings (SS-2) is annexed to this Notice. Further, additional information pursuant to Regulation 36 of the Listing Regulations, 2015 and Secretarial Standard on General Meetings (SS-2) in respect of directors seeking appointment or reappointment at this AGM are also annexed. 5) In case joint holders attend the meeting, the member whose name appears as the first holder in the order of names as per the Register of Members of the Company will be entitled to vote during the AGM. 6) The Register of Members and the Share Transfer Books of the Company will remain closed from Saturday, 22nd August, 2026 to Thursday, 27th August, 2026 (both days inclusive) for determining the name of members entitled to vote. 7) As per the provisions under the MCA Circular, members attending the 19th AGM through VC/OAVM shall be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013. 8) Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copies (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorised to vote, to the Scrutinizer by e-mail to priyankarudra87@gmail.com with a copy marked to evoting@nsdl.co.in, saumen.chatterjee@ahleast.com or they can also upload their Board Resolution / Power of Attorn [Showing first 8,000 characters — download PDF for full document]