The Asian Awards celebrate the outstanding achievements of individuals born in or with direct origin from across pan-Asia in all disciplines of life -- from business and the arts, to sport and public service. Previous winners in the cinema category include, Irrfan Khan, Anupam Kher and Yash Chopra.
Zayn Malik picked up the prize for Outstanding Contribution to Music, and later even posed for a selfie with SRK.
Shah Rukh was happy to share the special moment with his fans via Twitter, where he wrote: "This kid is so cool. May Allah bless him. Dinner time at the Asian Awards."
This was Zayn's first public appearance since leaving band One Direction, and he was seen flaunting a shaved head.
Meanwhile, Shah Rukh looked dapper in a formal black tuxedo, with a sparkling white shirt and a black bow tie.
Picking up the award for Outstanding Contribution to Sport was Sri Lankan batsman Kumar Sangakkara, and the prize for Outstanding Achievement in Science and Technology went to Tejinder Singh Virdee.
The Outstanding Achievement in Television award went to comedian, actor and broadcaster Sanjeev Bhaskar, while the Hinduja brothers were awarded as Business Leaders of the Year.