Ashiana Housing Ltd. has submitted the scrutinizer's report to BSE Ltd. and National Stock Exchange of India Ltd. confirming the regularization of Mr. Vikas Choudhury as Independent Director following shareholder approval at the company's Extra-Ordinary General Meeting held on April 22, 2026. The meeting was conducted through video conferencing from 11:30 AM to 12:10 PM, administered from the head office at Unit No. 304 & 305, Southern Park, Saket District Center, New Delhi. M/s A.K. Verma & Co, Practicing Company Secretaries, served as the Scrutinizer for the voting process.

Shareholder Approval and Voting Results

The special resolution for appointing Mr. Vikas Choudhury (DIN: 00267030) as Independent Director was passed with requisite majority. Remote e-voting commenced on April 19, 2026, at 09:00 a.m. and concluded on April 21, 2026, at 05:00 P.M. A total of 84 shareholders participated through remote e-voting and e-voting during the EGM, representing 70,399,213 shares, which is 70.03% of outstanding shares.

Appointment Terms and Remuneration

Mr. Vikas Choudhury was initially appointed as Non-Executive Additional Director (Independent Director) by the Board of Directors on February 10, 2026. The shareholders have now approved his regularization with specific terms including an annual remuneration of INR 8 lakhs for a three-year term from the EGM date or up to the third AGM from the meeting date, whichever is earlier.

Professional Background and Expertise

Mr. Choudhury brings extensive experience in digital transformation and venture capital to Ashiana Housing's board. He is the Founder & Managing Partner of Playbook Partners, an Operator Driven Growth Capital Platform for Digital Transformation in India. His professional experience includes serving as President at Reliance Jio, CEO India at Aimia Inc., and founding Pivot Ventures. He has invested in 75+ companies with 10+ unicorns/IPOs/exits, including InMobi, Myntra, Fractal, Policy Bazaar, and Nazara.

Regulatory Compliance

The appointment and regularization process has been conducted in accordance with Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the provisions of the Companies Act, 2013. The company has confirmed that Mr. Vikas Choudhury is not related to any existing Directors on the Board, ensuring his independence as per regulatory requirements. The scrutinizer's report was submitted to both BSE Ltd. and National Stock Exchange of India Ltd. on April 23, 2026.

Meeting Details

Ashiana Housing has announced a major land acquisition in Pune, securing 28.55 acres for the development of a comprehensive senior living project. The company filed a regulatory intimation under Regulation 30 of the SEBI LODR Regulations on April 9, 2026, confirming this strategic investment as the largest ever land deal by the company.

Project Specifications

The Pune acquisition presents substantial development potential with key project parameters outlined below:

Development Potential

The project is designed to offer 20 lakh square feet of sellable area, positioning it as a substantial development in Ashiana Housing's portfolio. The potential sales value of up to Rs 1,800 crores indicates the scale and premium positioning of this senior living initiative. The company has emphasized that this represents their largest land acquisition to date for senior living project development.

Regulatory Compliance

The acquisition was formally communicated to both BSE (Security Code: 523716) and NSE (Symbol: ASHIANA) through proper regulatory channels. Company Secretary Nitin Sharma signed the official intimation, ensuring full compliance with SEBI listing obligations and disclosure requirements.

Strategic Significance

This acquisition reinforces Ashiana Housing's focus on the senior living segment, a growing market in India's real estate sector. The Pune location provides access to a key metropolitan market with strong demand for specialized senior housing solutions. The project's substantial size and potential value demonstrate the company's commitment to large-scale developments in this specialized segment.