Ashiana Housing shareholders approved the re-appointment of Krishna Suraj Moraje as an Independent Director for a term of five years during its 40th Annual General Meeting held on September 29, 2026. The meeting, conducted via video conferencing from New Delhi, also confirmed an interim dividend and addressed director remuneration revisions.

Meeting proceedings and attendance

The meeting commenced at 11:30 am and concluded at 12:10 pm. A total of 43 members attended the session, representing 3,57,24,266 shares. This included three shareholders from the promoter and promoter group category and 40 public shareholders. Varun Gupta served as the Chairperson of the meeting, while Nitin Sharma acted as the Company Secretary and Compliance Officer.

Independent Directors Narayan Anand, Krishna Suraj Moraje, and Piyul Mukherjee were present in their respective capacities on various board committees. Vikash Dugar, the Chief Financial Officer, also attended the meeting. The Statutory Auditors, B. Chhawchharia & Co., were represented by Abhishek Gupta, while Anjali Yadav & Associates served as Secretarial Auditors.

Key resolutions passed

The shareholders voted on several critical items through the electronic voting facility provided by NSDL. The agenda included the adoption of audited standalone and consolidated financial statements for FY26, along with the reports of the Board of Directors and Auditors. The Company Secretary noted that there were no adverse remarks or qualifications in the auditor's report for the year under review.

The following resolutions were put to vote:

• Confirmation of the interim dividend of ₹1 per equity share (50%).
• Reappointment of Ankur Gupta as Joint Managing Director.
• Increase in remuneration for Vishal Gupta (Managing Director), Ankur Gupta (Joint Managing Director), and Varun Gupta (Whole Time Director).
• Reappointment of Krishna Suraj Moraje as Independent Director for a term of 5 years.
• Authorization to provide security against loans, including the issue of secured non-convertible debentures or bonds on a private placement basis.
• Appointment of Anjali Yadav & Associates as Secretarial Auditors.
• Ratification of remuneration for Cost Auditors.

Details of Independent Director re-appointment

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed details regarding the re-appointment of Mr. Moraje. He has confirmed that he satisfies the criteria of independence prescribed under the Companies Act, 2013, and is not debarred from holding the office of director by any order passed by SEBI or other authorities.

Mr. Moraje is the Founder of the Eka Fellowship, India's first longitudinal school-to-work program, and Beyond Trees, a land restoration company. He previously served as the CEO of Quess Corp, a USD 2 billion publicly listed company with over 400,000 employees. Prior to that, he spent two decades at McKinsey & Company, where he played an instrumental role in establishing the Firm's African Tech Media and Telecom practice and managing the Philippines Office. He holds an MBA from IIM Ahmedabad and is a gold medalist in Electrical Engineering from NIT Surat.

Auditor and compliance status

The meeting confirmed that M/s. B. Chhawchharia & Co., Chartered Accountants, continued as the Statutory Auditors. Their report, dated May 27, 2026, was taken as read by the members. The Company Secretary explicitly stated that neither the Statutory Auditors nor the Secretarial Auditors raised any reservations or qualifications regarding the company's compliance or financial reporting for FY26.

The e-voting results, scrutinized by Ashok Kumar Verma of A.K. Verma & Co., are scheduled to be declared within two working days of the meeting's conclusion. The meeting facilitated questions from ten registered speaker shareholders, which were addressed by the Chairperson.

Ashiana Housing has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The filing confirms that 99.11% of the company's turnover is derived from residential flats, units, and villas, underscoring its focused strategy in the real estate development sector.

The report highlights a workforce comprising 804 permanent employees and 4,585 contractual workers. Geographically, the company operates in seven states, with Rajasthan hosting the largest footprint of 11 locations, followed by Haryana and Tamil Nadu with four each. The corporate office is located in New Delhi, while the registered office remains in Kolkata.

Operational Footprint and Workforce

The BRSR discloses that Ashiana Housing serves national markets across nine locations covering seven states. There are no international operations or exports. The company’s customer base includes both end-users and investors, with a notable emphasis on niche segments such as Kid-centric homes, premium residences, and senior living communities in Chennai, Pune, and Bhiwadi.

Sustainability and Compliance Metrics

In terms of environmental performance, the company reported total energy consumption of 12,050,532,000,000 Joules in FY26, compared to 7,574,918,400,000 Joules in FY25. Energy intensity per rupee of turnover improved significantly to 1,146.43 in FY26 from 1,674.54 in FY25. Water consumption stood at 4,42,400 kilolitres, with water intensity per rupee of turnover decreasing to 0.00004209 from 0.00009561 in the previous year.

Social compliance data reveals that 100% of permanent employees received training on human rights issues. Health and safety training covered 18.28% of employees and 100% of workers. The company recorded zero fatalities and zero lost-time injuries among employees and workers during the reporting period. However, one complaint related to sexual harassment was filed under the POSH Act, which was upheld by the Internal Complaints Committee.

Governance and Stakeholder Engagement

The company maintains affiliations with three major industry bodies: CREDAI, CII, and CSDCI. Grievance redressal mechanisms are active for shareholders, employees, and customers. In FY26, 559 customer complaints were received, with 29 pending resolution at year-end. Shareholder complaints totaled 188, with all pending cases closed by the date of the report.

What the Numbers Show

A divergence exists between the significant increase in total energy consumption (+59.1%) and the substantial improvement in energy intensity (-31.5%). This suggests that while absolute energy usage rose, likely due to expanded construction activities or operational scale, the efficiency of energy use relative to revenue improved markedly. Additionally, the concentration of purchases from MSMEs/small producers increased to 68.87% in FY26 from 62.88% in FY25, indicating a strengthening of local supply chain integration.