Ashiana Housing Ltd has received penalty orders from the Income Tax Department, Delhi, levying fines totaling ₹2,28,286 for violations related to Tax Deducted at Source (TDS) for FY 2013-14. The orders, dated June 29, 2026, were received by the company on July 01, 2026, with intimation following on July 02, 2026. The company stated that there is no significant impact on its financial or operational performance, though it is currently reviewing the monetary implications.

Penalty under Section 271C

The Office of the Income Tax Officer Ward 73(2), Delhi, imposed a penalty of ₹2,08,286 under Section 271C of the Income Tax Act, 1961. This penalty was levied for the non-deduction and non-deposit of TDS under Section 194-I. The violation pertains to annual lease rentals paid to UIT (Bhiwadi) for FY 2013-14. The company noted that it has already deposited the TDS amount along with applicable interest on December 23, 2025, and is considering legal options to contest the order.

Penalty under Section 271H

A separate penalty of ₹20,000 was levied under Section 271H of the Income Tax Act, 1961, by the same authority. This penalty addresses a delay in filing TDS statements, specifically Form Type 27Q and 24Q for FY 2013-14. Similar to the first instance, the company confirmed that the TDS and applicable interest were deposited on December 23, 2025. It reiterated that it is exploring legal avenues to challenge this order as well.

Details of the Penalty Orders

The following table summarizes the key details of the regulatory action:

The disclosure was submitted in compliance with Regulation 30 of the SEBI (LODR) Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Ashiana Housing Ltd confirmed that it is in the process of reviewing and reconciling its records regarding the monetary implications of these orders.

Ashiana Housing reported bookings of 3.61 lakh sq ft valued at ₹357.80 crore for the quarter ended June 30, 2026. The company recorded 234 unit bookings during Q1 FY27, supported by the launch of 140 units each in OMA Phase 1 and OMA Phase 2.

In a significant expansion move, the company acquired 28.55 acres of land at Vadgaon, Taluka - Maval, District - Pune, Maharashtra. This outright purchase marks the largest land deal by the company for the development of a Senior Living project. The acquired land holds an approximate saleable area of 20 lakhs sq ft with a sales value potential of ₹1,800 crores.

Operations update for June 2026 shows area booked at 1.32 lakh sq ft with a value of ₹130.37 crore. The company also commenced the handover for Phase-1 of 'Ashiana Nitara' at Jaipur during the quarter. However, delivery timelines for Amarah Phase 1 and Anmol Phase 3 have been revised from Q1 FY27 to Q2 FY27.

Operational Performance

Key Developments

• Land Acquisition: 28.55 acres acquired in Pune for a Senior Living project with a sales potential of ₹1,800 crores.
• Project Launches: 280 units launched across OMA Phase 1 and OMA Phase 2.
• Delivery Updates: Handover commenced for Ashiana Nitara Phase-1; Amarah Phase 1 and Anmol Phase 3 timelines revised to Q2 FY27.