Ashoka buildcon Limited has issued Commercial Papers worth Rs.100 crore as part of its short-term fundraising initiative, the company announced in a regulatory filing on April 08, 2026. The issuance was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Commercial Paper Details

The Commercial Papers carry the ISIN INE442H14527 and offer investors a competitive coupon rate of 7.45% per annum. The instruments have been structured with a 90-day tenure from the date of allotment, providing a short-term investment opportunity for institutional investors.

Payment Structure and Security

The Commercial Papers follow an upfront interest payment structure, meaning investors receive the interest component at the time of investment. The principal amount of Rs.100 crore will be repaid on the maturity date of July 07, 2026. Notably, these instruments are unsecured, indicating they are not backed by any specific collateral or charge over the company's assets.

Board Approval and Listing Plans

The issuance operates under the broader framework approved by Ashoka Buildcon's Board of Directors during their meeting held on August 11, 2025. The Board had sanctioned the company to issue Commercial Papers up to an aggregate amount of Rs.300 crore outstanding at any point of time, allowing for multiple tranches as per business requirements.

The company plans to list these Commercial Papers on BSE Limited, providing liquidity options for investors in the secondary market. The filing confirms that no special rights, privileges, or interests are attached to these instruments beyond the standard commercial paper features.

Current Status

According to the regulatory disclosure, there are no outstanding commercial papers due as of the filing date, indicating this Rs.100 crore issuance represents a fresh fundraising initiative by the company. The successful allotment demonstrates the company's ability to access short-term capital markets for its working capital and operational requirements.

Ashoka Buildcon Limited has informed stock exchanges about extending the expected completion date for the sale of its remaining subsidiaries to June 30, 2026. The company filed this intimation on April 01, 2026, updating investors on the progress of a major divestment transaction.

Transaction Background

The infrastructure company had originally announced on December 31, 2024, that it entered into Share Purchase Agreements with Epic Concesiones 2 Private Limited, Infrastructure Yield Plus II, and Infrastructure Yield Plus IIA for the sale of 11 Special Purpose Vehicles (SPVs). These buyers are schemes of Infrastructure Yield Trust, managed by EAAA India Alternatives Limited.

The transaction involves the sale of entire share capital, including repayment of shareholder loans and management control of the SPVs held by the company and its material unlisted subsidiary, Ashoka Concessions Limited (ACL).

SPVs Transaction Status

The complete list of subsidiaries under the sale agreement shows clear progress with five SPVs already completed:

Updated Timeline and Completion Strategy

The company had previously completed the sale of five SPVs in September 2025. For the remaining six subsidiaries, the completion timeline has been extended following mutual agreement with the proposed investors. The new indicative completion date is June 30, 2026, specifically for SPVs where construction works are complete, while others will follow thereafter according to their respective transaction documents.

Regulatory Compliance

The intimation was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Manoj A. Kulkarni signed the disclosure document, ensuring compliance with stock exchange notification requirements for both BSE Limited and National Stock Exchange of India Limited.

The completion of these transactions remains subject to fulfillment of certain conditions precedent and other terms specified in the respective transaction documents for each SPV.