Ashoka Buildcon Limited has successfully completed the redemption of its Commercial Papers worth Rs.50 crore on the scheduled maturity date of March 23, 2026. The company fulfilled its debt obligations by paying the entire redemption amount along with applicable interest to investors on the due date.

Commercial Paper Redemption Details

The redemption process was completed in accordance with SEBI (LODR) Regulations, 2015, under Regulation 57(1). The Commercial Papers carried the ISIN INE442H14485 and represented a total issue size of Rs.50 crore.

Interest Payment Structure

The Commercial Papers were issued at a discount to their face value, with the interest component representing the difference between the issue price and face value. The company paid Rs.48.66 lakh as interest on the maturity date.

Regulatory Compliance

The redemption was executed in compliance with SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024. These circulars govern the issue and listing of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Papers.

The company confirmed that no delays or non-payment issues occurred during the redemption process. The timely completion of this redemption demonstrates Ashoka Buildcon's commitment to meeting its debt obligations and maintaining investor confidence. Company Secretary Manoj A Kulkarni executed the necessary documentation and regulatory filings to complete the redemption process.

Ashoka Buildcon Limited has informed stock exchanges about the conversion of Class A Compulsorily Convertible Debentures (CCDs) to Optionally Convertible Debentures (OCDs) in its wholly owned subsidiary Ashoka Concessions Limited (ACL), effective March 13, 2026.

Debenture Holdings and Conversion Details

The company, along with its fellow subsidiary Viva Highways Limited (VHL), originally purchased the Class A CCDs in ACL on November 27, 2025. The current holdings being converted are structured as follows:

The conversion will be executed on a 1:1 basis, meaning each CCD will be converted into an equivalent number of Class A 0.01% OCDs. This ratio has been determined based on a valuation report obtained from R & A Valuation LLP, Registered Valuer, dated March 9, 2026.

Strategic Rationale Behind the Conversion

The company has outlined several key reasons for this restructuring initiative:

• Evolving business requirements necessitating more flexible financial instruments
• Capital protection strategy to limit further equity exposure
• Operational flexibility to enhance corporate financing structure
• Dilution risk mitigation while maintaining growth potential

Impact on Corporate Structure

The conversion will not result in any changes to the equity shareholding pattern of either Ashoka Buildcon Limited or Ashoka Concessions Limited. The restructuring is designed to create an efficient economic platform for business potential and growth without altering ACL's capital structure.

Regulatory Compliance

The intimation has been made to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI Listing Regulations. ACL communicated the conversion decision to the company through a letter dated March 13, 2026, following necessary approvals.

The company has confirmed that no specific benefits will accrue to the promoter, promoter group, or group companies from this proposed restructuring. The primary intention remains focused on achieving efficient corporate financing while preserving the existing ownership structure and avoiding potential dilution risks.