ASIANHOTEL

Jindal Photo Investments Limited has informed the Exchange that they alongwith Consolidated Finvest & Holdings Limited and Consolidated Photo & Finvest Limited has acquired shares of Asian Hotels Limited as follows : (1) Jindal Photo Investments Limited has acquired 50450 shares aggregating to 0.22% of the total paid up capital of Asian Hotels Limited on September 05, 2005. The mode of acquisition is Open Market and the shareholding of Consolidated Finvest & Holdings Limited, Jindal Photo Investments Limited and Consolidated Photo & Finvest Limited after the said acquisition is as follows: (1)

Consolidated Finvest & Holdings Limited has informed the Exchange that one of their group company Jindal Photo Investments Limited has acquired 50450 shares aggregating to 0.22% of the total paid up capital of Asian Hotels Limited on September 05, 2005. The mode of acquisition is Open Market and the shareholding of Consolidated Finvest & Holdings Limited, Jindal Photo Investments Limited and Consolidated Photo & Finvest Limited after the said acquisition is as follows: (1) Jindal Photo Investments Limited - 543693 shares (2.38%); (2) Consolidated Finvest & Holdings Limited - 490000 shares (2.

Asian Hotels Ltd has informed the Exchange of the following: 1) Resignation of Mr. Arun K Saraf, Executive Director with effect from July 07, 2005. 2) Appointment of Mr. Umesh Saraf as Additional Director and as Executive Director of the Company with effect from July 07, 2005 which is subject to approval of the shareholders in the ensuing AGM of hte Company to be held on August 06, 2005.

Asian Hotels Ltd has informed the Exchange that the AGM of the Shareholders of the Company will be held on August 06, 2005 and the Register of Members and Share Transfer Books of the Company will remain closed from August 02, 2005 to August 06, 2005 (both days inclusive).

Asian Hotels Ltd has informed the Exchange that the AGM of the Company will not be held as scheduled on June 29, 2005. Consequently, dates for Book Closure will no longer be from June 21, 2005 to June 29, 2005. The new date for holding the AGM as well as fresh dates for Book Closure will be intimated separately.

Asian Hotels Ltd has informed the Exchange that the Company has decided to change its Registrar and Share Transfer Agent from M/s MCS Limited, having its Registered Office at Srivenkatesh Bhavan, Plot No. 27 Road No. 11, MIDC Andheri (E), Mumbai - 400093 to M/s Karvy Computershare Private Limited having its Registered Office at 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500034 w.e.f June 01, 2005.

Asian Hotels Ltd has informed the Exchange that the BOD's in their meeting held on April 27, 2005, have recommended a dividend of 60% for the year ended March 31, 2005 subject to approval of shareholders of the Company in the AGM. The Company has further informed that the AGM of the shareholders of the Company will be held on June 29, 2005 and the Register of Members and Share Transfer Books of the Company will remain closed from June 21, 2005 to June 29, 2005 (both days inclusive).