Ashoka Buildcon Limited has announced the allotment of additional equity shares in its wholly owned subsidiary Viva Infrastructure Limited (VIL) through a rights issue completed on March 25, 2026. The transaction represents a strategic investment to strengthen the company's infrastructure portfolio.

Share Allotment Details

The company has been allotted 40,02,250 equity shares of Rs.10/- each under the rights issue, representing a total investment of Rs.4.00 crore. This cash consideration transaction was completed at VIL's meeting held on March 25, 2026.

Post-Allotment Holdings

Following this allotment, Ashoka Buildcon Limited now holds 121,06,750 equity shares of Rs.10/- each, fully paid-up in VIL. The subsidiary continues to remain wholly owned by the company, maintaining 100% ownership structure.

About Viva Infrastructure Limited

Viva Infrastructure Limited, incorporated on January 28, 2002, operates in the infrastructure and real estate sector. The company's business activities encompass a comprehensive range of infrastructure development services.

Business Operations

VIL's main business objects include:

• Building, constructing, and operating infrastructural projects on Build-Own-Lease-Transfer (BOLT) basis including roadways, bridges, dams, docks, harbours, and canals
• Development, maintenance and operations of infrastructure facilities including roads, highways, tunnels, waterways, railways, ports, airports, and telecommunications
• Energy generation, distribution and supply from wind mills, wind turbines and renewable energy sources including solar, hydro, wave, tidal, geo-thermal, nuclear and bio-mass

Strategic Rationale

As a pioneer infrastructure development company in road and power sectors, Ashoka Buildcon Limited operates one of the largest road developer companies in India. The investment in VIL, which belongs to infrastructure and real estate business, is expected to add value to the company's overall business operations. The transaction falls under related party transactions as VIL is a wholly owned subsidiary, with no additional interest from promoter or promoter group companies.

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.