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 Limited has allotted 4,325 unsecured, redeemable, non-convertible debentures (NCDs) on a private placement basis to Clover Technologies Private Limited. The debentures have been issued at INR 1 Lakh per NCD, aggregating to INR 43.25 crores. The allotment was approved by the Executive Committee of the Board of Directors in their meeting held on 24th April 2026.

The debentures carry a coupon rate of 7% per annum and have a tenor of 20 years. Interest will be payable monthly as per the terms of the Debenture Trust Deed dated 10th April 2026. The securities will be listed on BSE Ltd., providing liquidity to the debenture holders.

The debentures are classified as 7% unsecured rated listed redeemable non-convertible debentures. The company has informed both the Bombay Stock Exchange and the National Stock Exchange of India Limited about this allotment. The scrip code for Ashiana Housing Limited is 523716, and the security symbol on NSE is ASHIANA.

The company secretary, Nitin Sharma, signed the communication on behalf of Ashiana Housing Limited. The company's registered office is located at 5F Everest, 46/C Chowringhee Road, Kolkata – 700 071, while its corporate office is at 304, Southern Park, Saket District Centre, Saket, New Delhi – 110017.