Ashoka Buildcon Limited has settled a dispute with the National Highways Authority of India (NHAI) by agreeing to pay ₹1.04 crore, resolving the regulatory uncertainty surrounding the infrastructure firm. The settlement concludes the proceedings arising from a show cause notice issued on November 26, 2025, without any further action or debarment against the company. This resolution removes a potential overhang on the company's operations and future bidding capabilities.

The agreement stipulates that the NHAI will close the proceedings and withdraw the suspension. As part of the terms, Ashoka Buildcon Limited confirmed that no debarment action will be taken against it. The company deposited the agreed sum of ₹1.04 crore with the NHAI on July 09, 2026, finalizing the settlement.

The show cause notice was previously disclosed by the company on November 27, 2025, and December 12, 2025. The filing regarding the settlement was submitted to the exchanges under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Key Settlement Details

In a separate disclosure, the company informed the exchanges that the trading window for designated persons remains closed. The window shut on July 01, 2026, and will reopen 48 hours after the financial results for the quarter ended June 30, 2026 are published.

Ashoka Buildcon has issued Commercial Papers aggregating ₹100 crore to raise short-term funds. The company allotted 2,000 units of the unsecured instruments on July 09, 2026, each with a face value of ₹5,00,000. The issuance carries a coupon rate of 7.20%, with interest payable upfront and principal due upon maturity on October 07, 2026.

The Commercial Papers carry a tenure of 90 days from the date of allotment. The company has set October 05, 2026, as the record date for redemption and payment on maturity. These instruments are proposed to be listed on BSE Limited. The filing confirms that no special rights are attached to the Commercial Papers and no security has been created over the company's assets.

Issuance Details

The Board of Directors approved the issuance of Commercial Papers up to ₹300 crore outstanding at any point of time during its meeting held on August 11, 2025. The current tranche of ₹100 crore is part of this approval. The company stated that there are no Commercial Papers due for repayment as on the date of the letter.

The key parameters of the issuance are summarised below:

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.