Ashoka Buildcon Limited has successfully completed the redemption of Commercial Papers worth Rs.50 crore on February 27, 2026, fulfilling its debt obligations as scheduled. The company made the disclosure under Regulation 57(1) of SEBI (LODR) Regulations, 2015, confirming timely payment of both principal and interest amounts.

Commercial Paper Details

The redeemed Commercial Papers carried the ISIN INE442H14493 and had an issue size of Rs.50 crore. The instruments were structured as discount papers, issued below face value with interest earned through the difference between issue price and redemption value.

Payment Schedule and Execution

The company adhered to the predetermined payment schedule, with the interest payment record date set for February 23, 2026, and both due date and actual payment date falling on February 27, 2026. The interest payment frequency was structured for payment on maturity date rather than periodic intervals.

Redemption Structure

The redemption was executed as a full redemption upon maturity, with no partial redemption involved. All 1,000 Commercial Papers were redeemed simultaneously, completing the company's obligation under this debt instrument. The redemption reason was classified as maturity-based, indicating normal course completion of the instrument's tenure.

Regulatory Compliance

The disclosure was made in compliance with SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, regarding issue and listing of Non-Convertible Securities and Commercial Papers. The company confirmed no delays or non-payment issues in the redemption process.

The successful redemption demonstrates Ashoka Buildcon Limited's commitment to meeting its debt obligations on schedule, with the company secretary Manoj A Kulkarni signing off on the regulatory disclosure to both BSE Limited and National Stock Exchange of India Limited.

Ashoka buildcon Limited has received positive news regarding its credit ratings, with ACUITE Ratings & Research Limited reaffirming both long-term and short-term debt ratings. The company informed stock exchanges about this development on February 25, 2026, as part of its regulatory disclosure obligations under SEBI guidelines.

Credit Rating Updates

ACUITE Ratings & Research Limited has provided updated credit ratings for Ashoka Buildcon Limited, marking a significant development in the company's financial standing. The rating agency has reaffirmed the company's creditworthiness across both debt categories.

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Manoj A. Kulkarni signed the disclosure document, ensuring proper compliance with stock exchange notification requirements.

The company maintains listings on both major Indian stock exchanges, with its equity shares trading under scrip code 533271 on BSE and symbol ASHOKA on NSE. Additionally, the company has various debt instruments listed, including Commercial Papers and Non-Convertible Debentures with specific debt codes.

Significance of Rating Watch Removal

The removal of both ratings from Rating Watch status indicates that ACUITE has resolved any previous concerns or uncertainties that may have led to the watch status. This development suggests improved clarity regarding the company's financial position and business outlook from the rating agency's perspective.

The reaffirmation of AA rating for long-term debt and A1+ for short-term debt maintains Ashoka Buildcon's position in the higher credit quality categories, which is beneficial for the company's future financing activities and cost of borrowing.