Ashoka buildcon Limited has received an allotment of 66,50,000 equity shares worth ₹6.65 crore from its wholly owned subsidiary Ashoka Infrastructure Limited (AIL) through a rights issue completed on March 30, 2026. The transaction was approved at AIL's meeting held on the same date.

Share Allotment Details

The rights issue involved the allotment of equity shares at ₹10 each, with the total consideration amounting to ₹6.65 crore paid in cash. Following this allotment, Ashoka Buildcon now holds 3,30,50,000 equity shares of ₹10 each, fully paid-up in AIL.

Subsidiary Financial Performance

Ashoka Infrastructure Limited, incorporated on July 11, 2002, operates in the infrastructure sector and continues to remain a wholly owned subsidiary of the company post-allotment. The subsidiary's recent financial performance shows varied results across the last three fiscal years.

Business Objectives and Strategic Alignment

AIL's main business objects include building and operating infrastructure projects on Build-Operate-Transfer (BOT), Build-Own-Lease-Transfer (BOLT), and Build-Own-Operate-Transfer (BOOT) basis. The subsidiary focuses on:

• Construction and operation of roadways, bridges, dams, docks, harbours, and canals
• Acting as promoters, land developers, and construction contractors
• Undertaking infrastructure projects for government, semi-government, and corporate entities
• Building and maintaining residential and commercial properties

The company noted that as a pioneer infrastructure development company in road and power sectors, AIL's infrastructure focus aligns with and adds value to Ashoka Buildcon's main business operations. The parent company currently operates as one of the largest road developer companies in India.

Regulatory Compliance

The transaction was disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As AIL is a wholly owned subsidiary, the transaction falls under related party transactions, though promoter and group companies do not have any separate interest in AIL beyond the parent company's ownership. No additional governmental or regulatory approvals were required for this share allotment.

Ashoka Buildcon Limited has made timely interest payments on its non-convertible debentures (NCDs), fulfilling its debt obligations as per the scheduled due date of March 30, 2026. The company informed BSE Limited and National Stock Exchange of India Limited about the completion of interest payments in compliance with regulatory requirements.

Interest Payment Details

The company made interest payments on three series of rated, listed, senior, unsecured, redeemable NCDs that are listed on the Wholesale Debt Market segment of BSE Limited. All three series carry an interest rate of 8.75% and have a face value of Rs 1 lakh each.

Regulatory Compliance

The intimation was made pursuant to Regulation 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires companies to inform stock exchanges about timely payments of interest on their debt instruments.

Debenture Specifications

All three series of NCDs share common characteristics as senior, unsecured, redeemable instruments. The debentures are traded on BSE Limited's Wholesale Debt Market segment under specific debt codes. The company maintains its debt obligations through these structured financial instruments that provide regular interest payments to investors.

Corporate Communication

The formal intimation was signed by Company Secretary Manoj A. Kulkarni, who holds ICSI Membership No. FCS - 7377. The communication was digitally signed and submitted to both BSE Limited and National Stock Exchange of India Limited on March 30, 2026, ensuring transparency and regulatory compliance in the company's debt management practices.