Ashoka Buildcon Limited has informed the stock exchanges of an upcoming Board of Directors meeting scheduled for Thursday, May 21, 2026. The meeting has been convened in compliance with Regulations 29, 33, and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the formal notice was issued on May 12, 2026, by Company Secretary Manoj A. Kulkarni.

Purpose of the Board Meeting

The primary agenda of the forthcoming board meeting is to consider, approve, and take on record the audited financial results of the company for the quarter and year ended March 31, 2026. The board will review both standalone and consolidated financial statements for the said period. The key details of the scheduled meeting are outlined below:

Trading Window Closure

In line with the SEBI (Prohibition of Insider Trading) Regulations, the company has also notified that the Trading Window for all Designated Persons and their relatives is closed from April 01, 2026, and will remain closed until 48 hours after the disclosure of financial results to the stock exchanges. This restriction is a standard regulatory measure to prevent insider trading ahead of material financial disclosures.

Regulatory Compliance

The board meeting notice has been formally communicated to both BSE Limited and the National Stock Exchange of India Limited, fulfilling the company's disclosure obligations under applicable SEBI regulations. The communication was signed and submitted by Manoj A. Kulkarni, Company Secretary (ICSI M. No. FCS-7377), on behalf of Ashoka Buildcon Limited, which is headquartered at Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India.

Ashoka Buildcon Limited has informed the stock exchanges that its wholly owned subsidiary, Ashoka Baswantpur Singnodi Road Private Limited (ABSRPL), has allotted 1,45,20,000 equity shares of Rs.10/- each aggregating Rs.14.52 Crore to the company through a rights issue. The allotment was completed at a meeting held on April 29, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Following the allotment, Ashoka Buildcon Limited now holds 4,69,90,000 equity shares of Rs.10/- each fully-paid up. ABSRPL continues to remain a wholly owned subsidiary of the company post-allotment. The acquisition involved cash consideration of Rs.14,52,00,000/- (Indian Rupees Fourteen Crore Fifty Two Lakhs only).

Subsidiary Financial Performance

ABSRPL, incorporated on April 12, 2022, operates as a Special Purpose Vehicle in the infrastructure sector. The entity's financial performance over the past three fiscal years shows significant growth:

Business Operations

ABSRPL's primary business involves designing, engineering, building, financing, procurement, construction, development, commissioning, operation, and maintenance of infrastructure projects. The company is currently engaged in the development of a 6-lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singnodi Section of NH 150 C (Package IV of Akkalkot KNT TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana. The project has been awarded by the National Highways Authority of India (NHAI).

The infrastructure development company operates entirely within India and continues to be a 100% subsidiary of Ashoka Buildcon Limited following the rights issue allotment.