Ashoka Buildcon Limited has redeemed commercial papers worth Rs 100 crore on the due date, July 07, 2026. The company paid the entire redemption amount, including interest, on maturity. The interest payment amounted to Rs 180.38 lakh, which represents the difference between the issue price and the face value of the papers issued at a discount.

The disclosure was made under Regulation 57(1) of the SEBI (LODR) Regulations, 2015. The company confirmed that the redemption was a full redemption of 2,000 commercial papers identified by the ISIN INE442H14527. There is no outstanding amount remaining following this transaction.

Details of Interest Payments

The following table outlines the specifics of the interest payments made by the company:

Details of Redemption Payments

The company provided a detailed breakdown of the redemption process, confirming that the payment was made on the scheduled maturity date without any delay.

Ashoka Buildcon has extended the expected date of completion for the sale of stakes in six subsidiaries to July-September 2026. The company, along with its material unlisted subsidiary Ashoka Concessions Limited (ACL), had entered into agreements with Epic Concesiones 2 Private Limited and schemes of Infrastructure Yield Trust to sell the entire share capital and management control of 11 Special Purpose Vehicles (SPVs). The extension impacts the timeline for the remaining six SPVs where major construction works are complete or ongoing.

The transaction involves the sale of stakes in subsidiaries including Ashoka Karadi Banwara Road Private Limited, Ashoka Mallasandra Karadi Road Private Limited, and Ashoka Banwara Bettadahalli Road Private Limited. The indicative date for completion for SPVs where major construction works are complete—specifically TS-1, TS-2, and TS-3—is extended up to July 31, 2026. For the BS SPV, the date is extended up to September 30, 2026. The remaining SPVs will follow thereafter in accordance with respective transaction documents.

The final completion of the transaction for each SPV remains subject to the fulfilment of conditions precedent and necessary regulatory and lender approvals. The company had previously announced the sale of stakes in five other SPVs from serial 1 to 5 in the list. The current extension specifically addresses the timeline for the disposal of the remaining six entities.

Subsidiaries and Timelines

The following table outlines the revised indicative completion dates for the sale of stakes in the specified SPVs:

The proposed investor includes Infrastructure Yield Plus II and Infrastructure Yield Plus IIA, both schemes managed by EAAA India Alternatives Limited. The transaction is structured to include the repayment of any shareholder loans associated with the SPVs. The company stated that the extension is necessary to complete certain conditions precedent and other terms outlined in the transaction documents.