Ashiana Housing has paid a penalty of ₹3,99,000 imposed by the Rajasthan Real Estate Regulatory Authority (RERA). The fine relates to delays in submitting compliance documents for a residential project in Jodhpur.

The company disclosed the payment in a filing with stock exchanges on September 3, 2026. The authority levied the charges for failing to upload the Completion Certificate (CC) and Occupancy Certificate (OC) within the prescribed timeline on the RERA website.

Penalty Breakdown

The total liability stems from two distinct violations regarding the ‘Ashiana Dwarka’ Phase-5 project located in Jodhpur, Rajasthan. The breakdown of the charges is detailed below:

The company received the demand order from the authority on the same date it filed the announcement. The violation is classified as non-compliance with upload timelines under the Real Estate Regulation and Development Act.

Financial Impact

Ashiana Housing stated that the penalty has been fully settled. The company assessed the financial impact as limited to the specific cost of the fine. No significant effect on operational performance or broader financial health was reported beyond this one-time liability.

What the Numbers Show

The penalty constitutes a negligible fraction of the company’s typical quarterly operating expenses, indicating no material strain on liquidity. However, the split between CC and OC fines suggests procedural delays occurred at both construction completion and final handover stages, rather than a single isolated administrative oversight.

Ashiana Housing received a Goods and Services Tax (GST) demand notice of ₹3,44,89,552 from Tamil Nadu tax authorities on September 3, 2026. The order cites alleged discrepancies between taxes paid and turnover declared for the Chennai location.

The State Tax Officer, Group-IX, Chengalpattu Intelligence Division, issued the Order-in-Original on August 31, 2026. The demand arises under Section 74 of the Tamil Nadu Goods & Service Tax (TNGST) Act 2017. It pertains to differences between GST returns filed and financial turnover declared in GSTR 9C for FY25.

Regulatory Context

The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations. The company referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, while filing the announcement with stock exchanges.

Company Response

Ashiana Housing stated it will contest the order before the Commissioner (Appeals). The company asserted that the demand will have no significant impact on its financial or operational performance. It is currently reviewing the matter to prepare appropriate legal action.

Nitin Sharma, Company Secretary and Compliance Officer, signed the disclosure. The registered office is located in New Delhi, with additional operations in Kolkata.