Outcome of Board Meeting

ASIAN HOTELS (EAST) LIMITED CIN : L15122WB2007PLC162762 Regd. Off.: Hyatt Regency Kolkata Hotel, JA-1, Sector - III, Salt Lake City, Kolkata - 700 106, W.B., India Tel: 033 6820 1344 / 1346, Fax : 033 2335 8246, E-mail : clocs@ahleast.com, Website : www.ahleast.com 13th August, 2026 The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai — 400001 Mumbai — 400051 Type of Security: Equity shares Type of Security: Equity shares Scrip Code : 533227 NSE Symbol : AHLEAST Madam/ Sir, Ref: Disclosure under Regulation 30 of the Listing Regulations, 2015. Sub: Outcome of the Board Meeting of even date i.e. 13th August, 2026. The Board of Directors of the Company at its meeting of even date, upon recommendation of the Audit Committee, has inter-alia considered and approved the unaudited standalone and consolidated financial results of the Company for the quarter (Q1) and three months ended 30th June, 2026 and took note of the limited review report issued by M/s Singhi & Co, Kolkata, Statutory Auditors of the Company. Enclosed please find the unaudited standalone and consolidated financial results of the Company and the limited review report thereon. The meeting of the Board of Directors commenced at 01:30 p.m. and concluded at 03:45 p.m. This is for your information and dissemination. Thanking you. Yours truly, For Asian Hotels (East) Limited Saumen Chatterjee Chief Legal Officer & Company Secretary Encl: as above OWNER 0¥ HYATT, REGENCY KOLKATA HOTEL . . 161, Sarat Bose Road Kolkata-700 026, (Indiia) S lng fil GZ CO. T+491(0)33-2419 6000/01/02 E kolkata@singhico.com Chartered Accountants www.singhico.com Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financia.l Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to the Board of Directors of Asian Hotels (East) Limited 1) We have reviewed the accompanying statement of unaudited standalone financial results of Asian Hotels (East) Limited (the “Company") for the quarter ended June 30, 2026 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) 2 The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3) We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Basis for Qualified Conclusion As disclosed in Note 3 to the statement, an order dated November 02, 2024 (the “Order") was issued by the Government of Odisha through the General Administration and Public Grievance “D se up ba sr it dim ae rn yt ”, ) wc ii tt hin g c ern to an i- nc o tm ep rl mi sa n ac ne d b cy o ndG iJ tiS o nsH o ot fe l ts h eL i lm ei at se ed, dea e dw .h o Pl uly r suo aw nn te d to s tu hib ss i Od ri da er ry , ( tt hh ee subsidiary was directed to vacate the property located in Odisha and the performance bank guarantee of Rs.350 lakhs, furnished by the Company, was invoked. The subsidiary has filed a writ petition before the Hon'ble High Court of Orissa challenging the said Order. As at June 30, 2026, the Company holds investments in the said subsidiary amounting to Rs. 860.86 lakhs in the form of equity shares and Rs. 483.39 lakhs as loans, which also includes the amount pertaining to the encashment of the bank guarantee, iT nh ve ce av te in ot fa tn hd c bi ar nc ku m gs ut aa rn ac nte es a ,s nd de .s tc hr ei b fe id aa ncb io av le , si in tc il ou nd i on fg hth ee ud bi sr ie dc it ai ro yn t ro av isa ec a st ie it fh ie ap nr to p de or ut by, ir me pga ar id ri mn eg tt h he r se c bov ee er na bi rl ei ct oy o nf zt eh de C ino m rp ea sn pey c' ts oe fx tp ho es su er e oth se rs eub ss i id ia tr hy e. sH to aw te ev me enr t, ,n o p hr io cv hi ,s i io n of uo rr opinion, is not in accordance with the applicable Indian Accounting Standard. Offices: Kolkata, Delhi NCR, Mumbai, Chennai, Bengaluru, Pune & Raipur Singhi eI Co. Chartered Accountants wereenicONtd. Had the aforesaid impairment of assets been recognised, the total expenses for the quarter ended June 30, 2026 would have been higher by Rs. 1,344.25 lakhs, resulting in a reduction in the reported net profit after tax to Rs. (-) 814.27 lakhs from the reported Rs. 529.98 lakhs. Consequently, the total comprehensive income for quarter ended June 30, 2026 would have been Rs. (-) 813.26 lakhs instead of the reported Rs. 530.99 lakhs and the earnings per share would have been Rs. (-) 4.71 as against the reported Rs. 3.06. 5) Qualified Conclusion Based on our review conducted as above, except for the effect of the matter stated in paragraph 4 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Emphasis of Matter We draw attention to Note 5 to the Statement regarding the Company's investment in, and loans (including accrued interest) to its wholly owned subsidiary, Novak Hotels Private Limited ("Novak"), aggregating Rs. 25,294.98 lakhs as at June 30, 2026. Recoverability of these amounts is substantially dependent upon Novak's successful acquisition of Hyatt Regency Mumbai ("HRM") undavr the Framework Agreement dated August 11, 2023, as amended. As described in the note, completion of the acquisition is subject to the resolution of certain matters, including a competing claim asserted in respect of the Buy Option, the execution and registration of the related loan and security documents, and ongoing discussions with Asian Hotels (West) Limited regarding possession of HRM. Management, based on legal advice obtained, believes that only Novak is entitled to exercise the Buy Option and acquire HRM, and that Novak's rights are supported by the contractual arrangements and the conduct of the parties. Our conclusion on the statement is not modified in respect of this matter. For Singhi [Showing first 8,000 characters — download PDF for full document]