Ansal Housing Limited has disclosed a default on the repayment of principal amount to Suraksha Asset Reconstruction Private Limited, which is acting in its capacity as trustee of Suraksha ARC-034 Trust. The disclosure was made on May 1, 2026, in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Default Details

The default occurred on March 31, 2026, and pertains to project funding obligations. The current default amount stands at Rs 61.82 crore in principal, with no interest component reported as overdue. The total project funding obligation is Rs 169 crore, carrying an interest rate of 14% per annum and classified as secured borrowing.

Repayment Terms and Financial Position

The repayment of the project funding is scheduled to be made in monthly instalments until December 31, 2026. The company reported total outstanding borrowings from banks and financial institutions at Rs 206.43 crore. The total financial indebtedness of the listed entity, including both short-term and long-term debt, amounts to Rs 230.93 crore.

The disclosure was signed by Shalini Talwar, Compliance Officer of Ansal Housing Limited, and submitted to BSE Ltd. The company, which is an ISO 9001:2015 certified entity, was formerly known as Ansal Housing & Construction Ltd.

Ansal Housing & Construction has received a significant income tax assessment order from the Income Tax Department, resulting in a demand notice of ₹19,20,46,800 for Assessment Year 2024-25. The company disclosed this development following receipt of the official communication on 27th March, 2026.

Assessment Details and Demand Notice

The Income Tax Department's Assessment Unit issued the order under Section 143(3) read with Section 144B, followed by a consequent Notice of Demand under Section 156 of the Income-tax Act, 1961. The assessment covers the financial year corresponding to Assessment Year 2024-25.

Basis for Tax Demand

The substantial demand has arisen primarily due to several adjustments made by the Income Tax Department during the assessment proceedings. The key areas of contention include:

• Additions and disallowances made in respect of certain expenses
• Differences in income recognition practices
• Other adjustments identified during the assessment process

These adjustments reflect discrepancies between the company's tax filings and the department's interpretation of applicable tax provisions.

Company's Response and Impact Assessment

Ansal Housing & Construction has clarified that there is no immediate impact on its financial, operations or other activities owing to the Assessment Order and Notice of Demand. The company maintains confidence in its tax positions and expects a favorable outcome through the appellate process.

The company believes it will receive favorable relief from the appropriate forum when these tax adjustments are formally appealed. This indicates the company's intention to challenge the assessment order through established legal channels available under the Income Tax Act.

Next Steps

With the receipt of the demand notice, the company now has the option to pursue appellate remedies available under the Income Tax Act. The appellate process typically involves approaching the Commissioner of Income Tax (Appeals) or other appropriate forums to contest the assessment order and seek relief from the demanded amount.