Ashiana Housing has announced significant changes to its senior living project in Panvel, involving the cancellation of previous land agreements and the execution of new land deals. The company has provided detailed specifications of the revised agreements and project timeline in its latest regulatory filing.

Agreement Restructuring Details

The real estate developer has cancelled its earlier agreement to perpetual lease with M/s. Caroa Properties LLP for a 7-acre land parcel. In place of the cancelled agreement, the company has executed two new agreements with the same party for strategic project optimization.

Project Development Timeline

The company plans to develop a senior living project on the 6.02-acre land parcel, which offers significant development potential with 7,00,000 sq. ft. of FSI. Both land parcels are adjacent to each other and strategically located in Panvel, Maharashtra. Ashiana Housing intends to apply for necessary approvals soon and aims to launch the senior living project by the fourth quarter of FY27.

Transaction Structure

The agreements have been executed with Caroa Properties LLP, and the company has confirmed that this entity has no shareholding relationship with Ashiana Housing. The transaction does not qualify as a Related Party Transaction, and the counterparty is not related to the promoter, promoter group, or group companies in any manner.

Strategic Implications

This revision of land agreements demonstrates Ashiana Housing's strategic approach to optimizing project terms and conditions. The restructuring from a single perpetual lease to a combination of sale and lease agreements suggests careful consideration of project viability and development flexibility. The Panvel project represents the company's continued focus on the senior living segment, a growing market in India's real estate sector.

Ashiana Housing Limited has officially announced the postponement of its Extra-Ordinary General Meeting (EGM) originally scheduled for April 17, 2026, to April 22, 2026, citing unavoidable circumstances. The company filed the regulatory intimation on March 30, 2026, with BSE and NSE, confirming the revised meeting arrangements.

Meeting Details and Record Date

The company has established key dates for the EGM proceedings through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) at 11:30 a.m.:

Shareholders whose names appear in the books as Beneficial Owners as of the close of business hours on April 15, 2026, will be entitled to participate in remote e-voting or e-voting during the EGM.

Independent Director Appointment

The primary agenda involves the appointment of Mr. Vikas Choudhury (DIN: 00267030) as Independent Director through a Special Resolution. The appointment was initially made as Additional Director on February 10, 2026:

Mr. Choudhury brings extensive experience as Founder & Managing Partner of Playbook Partners and former President at Reliance Jio. His background includes leadership roles at Aimia Inc and founding Pivot Ventures, with investments in over 75 companies including 10+ unicorns and IPOs. He holds an Executive MBA from Harvard Business School.

Digital Participation Framework

The company has implemented comprehensive digital participation mechanisms in compliance with MCA circulars dated April 8, 2020, May 5, 2022, December 28, 2022, September 25, 2023, September 19, 2024, and September 22, 2025. The EGM will accommodate up to 1,000 members on a first-come, first-served basis, excluding large shareholders, promoters, institutional investors, and key personnel who have unrestricted access.

E-voting Process:

• Individual shareholders with demat accounts can vote through their depository participants
• Physical shareholders require EVEN number followed by folio number for login
• Multiple authentication methods available including OTP-based login
• NSDL serves as the authorized e-voting agency

Technical Requirements:

• Laptops recommended for optimal meeting experience
• Stable internet connection required to avoid disruptions
• Camera access needed for video conferencing participation

Shareholder Communication and Compliance

The company has distributed the EGM notice through electronic mode to registered email addresses and uploaded it on the company website at www.ashianahousing.com . The notice is also accessible through BSE and NSE websites, along with NSDL's e-voting platform.

Shareholders wishing to speak during the EGM must register by April 15, 2026, by sending requests to investorrelations@ashianahousing.com with their details including name, DP ID, Client ID/Folio number, PAN, and mobile number.

The postponement and revised arrangements comply with various regulatory frameworks including the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and multiple MCA circulars. Mr. Ashok Kumar Verma (FCS 3945, CP No. 2568) has been appointed as Scrutinizer to oversee the e-voting process.

The company emphasizes that shareholders who vote remotely can attend the EGM but cannot vote again during the meeting, while those attending without prior remote voting remain eligible for e-voting during the session.