Ashiana Housing Ltd has completed a combined interest and partial redemption payment of ₹3,90,00,000 to the International Finance Corporation (IFC) on July 27, 2026. The transaction pertains to its Non-Convertible Debentures (NCDs) listed on BSE Ltd., bearing ISIN INE365D08026 under the Series 8%AHL 2041. This payment ensures continued compliance with the debt servicing obligations tied to project returns, maintaining the company’s credit standing with its key institutional lender.

The disbursement comprised three distinct components: quarterly interest, partial principal repayment, and a redemption premium. As per Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, Ashiana Housing informed the National Stock Exchange of India Limited regarding the settlement. The interest payment was contingent upon project returns as decided by the Distribution Committee, a standard feature for this specific NCD series.

The interest component amounted to ₹2,65,07,829, corresponding to the quarter ending with a record date of July 9, 2026. This follows the previous interest payment made on April 6, 2026. There were no delays or defaults in this cycle, as confirmed by the company’s submission. The frequency of payment remains quarterly, with no changes reported from the original terms.

The partial redemption involved a principal amount of ₹31,23,043, executed by face value rather than quantity. Additionally, Ashiana Housing paid a redemption premium of ₹93,69,128. The reason for this redemption is cited as "Others - as per executed Transaction Documents," indicating a structured repayment plan agreed upon in the initial financing arrangement rather than a standard maturity event.

Following this transaction, the outstanding amount for the Series 8%AHL 2041 NCDs stands at ₹61,39,27,326. This equates to approximately ₹6,32,914.769 per NCD. The original issue size was ₹97 Crores, divided into 970 NCDs of ₹10,00,000 each. The reduction in outstanding debt reflects the company’s ongoing deleveraging efforts through project-linked cash flows.

What the Numbers Show

The composition of the ₹3.9 crore payment reveals that the redemption premium (₹93.69 lakh) significantly exceeds the principal redeemed (₹31.23 lakh). This suggests that the "partial redemption" may involve a buyback or prepayment structure where the cost of exiting the debt instrument includes substantial premium costs, likely negotiated to align with the project’s cash flow milestones. Investors should note that while the absolute debt burden is decreasing, the effective cost of this specific repayment tranche is elevated due to the premium component. The remaining outstanding balance of ₹61.39 crore continues to carry an 8% coupon rate, implying future annual interest obligations of approximately ₹4.91 crore on the residual principal, assuming no further changes in the debt structure.

Ashiana Housing has converted 224 units into bookings at its Ashiana Oma project in Jaipur, Rajasthan, realizing a sale value of ₹372.45 crore. The conversion covers an area of approximately 4.80 lakh sq. ft. and represents a significant portion of the total inventory at the site. The process of converting Expressions of Interest (EOI) into formal bookings began on July 18, 2026, and is currently ongoing.

Project Details

Ashiana Oma is a Premium Homes project located at Jaisinghpura in Jaipur. The development includes a total of 280 units, offering 3 BHK and 4 BHK configurations. The recent conversion of 224 units accounts for the majority of the launched inventory in this specific project.

Booking Summary

The company disclosed this development in a regulatory filing dated July 20, 2026. Ashiana Housing is currently engaged in the ongoing process of converting the remaining EOIs into bookings for the project.