Reply to Clarification- Financial results

REGISTERED OFFICE: 6TH FLOOR, ARIA TOWERS, J.W. MARRIOTT, NEW DELHI AEROCITY, ASSET AREA 4, HOSPITALITY DISTRICT, NEAR IGI AIRPORT NEW DELHI 110037 TEL.:011 41597329 FAX: 011 41597321 CIN NO. L55101DL2007PLC157518 WEBSITE: www.asianhotelswest.com Email: cs@asianhotelswest.com ASIAN HOTELS (WEST) LIMITED August 25, 2026 Listing Compliance Department National Stock Exchange of India Limited (NSE) Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 SUBJECT: REPLY TO QUERY PERTAINING TO FINANCIAL RESULTS SUBMITTED FOR YEAR ENDING MARCH 31, 2021. REF: NEAPS QUERY DATED 21ST APRIL 2026 IN CONTINUATION OF EARLIER RESPONSE DATED 20TH APRIL 2026 AND 1ST MAY 2026 Dear Sir/Ma’am, 1. We Asian Hotels (West) Ltd. (hereinafter referred to as the “Company”) are in receipt of Neaps portal query dated 20th April 2026, pertaining to financial results submitted for year ending March 31, 2021. 2. With regards to the financial results not submitted within 30 minutes from the end of Board Meeting, this is to bring in your kind attention that Board Meeting held on 27th November 2025 was concluded at 05:10pm and outcome of the same was submitted with your good office at 05:22pm alongwith relevant financials. Please find attached herewith the acknowledgement of the same as Annexure A. Page 1 of 3 3. With regards to the Financial Results submitted is not as per the format prescribed by SEBI – balancing figure note missing; in this regard we respectfully submit that the Company has undergone Corporate Insolvency Resolution Proceedings (CIRP) and as per the NCLAT order passed dated 9th January 2024 the CIRP had been closed. At that time financials w.e.f March 2021 quarter end onwards, were pending to be approved and submitted with your good office. Further, determining the figures for the last quarter requires two other figures – (i) audited figures in respect of the full financial year and (ii) the published year-to-date figures upto the third quarter of the current financial year. In the case of the Company, there was no adequate information available for the third quarter of the current financial year, since the auditors had issued a disclaimer of opinion on such figures for the year ended March 31, 2021 vide their audit report dated June 29, 2024 issued u/s 143 of the Companies Act 2013. Considering the above, we deemed it that it would not have been appropriate to consider and call the figures for the last quarter as balancing figures and therefore the note stating that the figures for the last quarter were balancing figures was not included. We respectfully submit that, considering the circumstances of the Company, the submission of the financial results for the last quarter and year ended March 31, 2021 along with the auditor’s report thereon is compliant with the objectives of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 4. With regards to submission of Impact of Audit Qualifications not submitted for Standalone and Consolidated Financial Results; in this regard we respectfully submit that the Company had duly submitted the said reports and the same reports with acknowledgement are attached here as Annexure B for your ready reference. 5. With regards to Limited Review Report / Independent Auditors Report is not in the format prescribed by SEBI- Limited Review Mentioned in Audit Report. We respectfully submit to refer the explanation provided in point no 3 of this letter. 6. With regards to Machine readable form/ legible copy of the financial results not submitted. Please find attached herewith both financial results (Standalone and Consolidated) alongwith Auditors report thereon for the year ended 31st March 2021 as Annexure C. 7. With regard to the mismatch of EPS figure in XBRL filing (Standalone and Consolidated) and as suggested by your good office the Company has successfully filed revised XBRL returns at NEAPS portal. Acknowledgement of the same are attached hereby as Annexure 8. We hope that the submissions made herein adequately address the queries raised. However, if any additional clarification or documentation is required from our end, we request your goodself to kindly let us know. We remain fully committed to extending our cooperation. Thanking you, For Asian Hotels (West) Limited Nidhi Khandelwal Company Secretary and Compliance Officer Encl: as above Date of 27-Nov-2024 NSE Acknowledgement Symbol:- AHLWEST Name of the Company: - Asian Hotels (West) Limited Submission Type:- Board Meetings Short Description:- Outcome of Board Meeting Date of Submission:- 27-Nov-2024 05:22:56 PM NEAPS App. No:- 2024/Nov/19336/19586 Disclaimer : We hereby acknowledge receipt of your submission through NEAPS. Please note that the content and information provided is pending to be verified by NSEIL. Annexure - B Date of 12-Jul-2024 NSE Acknowledgement Symbol:- AHLWEST Name of the Company: - Asian Hotels (West) Limited Submission Type:- Announcements Short Description:- Statement on Impact of Audit Qualifications Date of Submission:- 12-Jul-2024 01:07:01 PM NEAPS App. No:- 2024/Jul/8322/8402 Disclaimer : We hereby acknowledge receipt of your submission through NEAPS. Please note that the content and information provided is pending to be verified by NSEIL. REGISTERED OFFICE: 6™ FLOOR, ARIATOWERS, J.W.MARRIOTT, NEW DELHI AEROCITY, ASSET AREA 4, HOSPITALITY DISTRICT, NEAR IGI AIRPORT NEW DELHI 110037 TEL.:011 41597329 FAX: 011 41597321 CIN NO. L55101DL2007PLC157518 WEBSITE: www.asianhotelswest.com ASIAN HOTELS(WEST) LIMITED 12t July, 2024 Manager Manager Listing Department Listing Department The Bombay Stock Exchange Limited The National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street, Fort Exchange Plaza, Bandra Kurla Complex Mumbai - 400 001 Bandra (East) Mumbai - 400 051 Scrip Code: 533221 Scrip Code: AHLWEST Subject: Submission of Statement of Impact of Audit Qualification for the year ended 31.03.2021. Dear Sir, Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith signed statement of impact of audit qualification for the year ended 31.03.2021 in response of results declared by the Company dated 29.06.2024. You are requested to take the above on record. For Asian Hotels (West) Limited Nidhi Rt Khandelwal 2ie2e072122755 Nidhi Khandelwal Company Secretary & Compliance Officer Encl.: as above Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Standalone Financial Results Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2021 [See Regulation 33/ 52 of the SEBI (LODR) (Amendment) Regulations, 2016] L SL No. Particulars Audited Adjusted Figures (as figures reported (audited before figures after adjusting for adjusting for qualifications) | qualifications) . o (Rs. In Lakhs) | (Rs. In Lakhs)* 1. Total income (Incl. Other Income and Net of 4,032.71 4,032.71 B excise duty) 2. Total Expenditure(including finance cost) 8,858.17 8,858.17 3. Net Profit/ (Loss) before tax and Other (4,825.46) (4,825.46) 3 - Comprehensive income 4. Earnings Per Share (4086) | (40.86) 5. Total Assets ”7 ~ 59,717.30 59,717.20 6. | Total Liabilities _ 5971720 | 59,717.20| 7. Net Worth N 28,218.18 28,218.18 8. Any other financial item(s) (as felt NI Nil appropriate by the management) | L *Impact of audit qualification is not quantifiable, please refer comments below - IL |A udit Qualification (each audit qualification separately): a. Details of Audit Qualification: 1. The Auditor has encountered significant limitations to perform the necessary audit procedures to verify the financial information, its classification, presentation and disclosures in the standalone financial statements and in obtaining and auditing the complete financial information of the Company due to the fact that the Company was unable to provide complete access to its p [Showing first 8,000 characters — download PDF for full document]