Ashoka Buildcon Limited has successfully issued Commercial Papers (CPs) worth ₹50 crores on December 23, 2025, as disclosed in its regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Commercial Papers carry the ISIN code INE442H14485 and represent a short-term debt instrument for the infrastructure company.

Commercial Paper Details

The issued Commercial Papers come with specific terms and conditions designed for short-term financing needs. The key parameters of this issuance demonstrate the company's approach to managing its working capital requirements through market-based instruments.

Board Authorization and Approval Framework

The issuance operates under a comprehensive authorization framework established by the company's Board of Directors. At its meeting held on August 11, 2025, the Board approved the issuance of Commercial Papers up to an amount of ₹300 crores outstanding at any point in time, in one or more tranches. This provides the company with flexibility to raise funds as per its business requirements within the approved limit.

Instrument Characteristics

The Commercial Papers issued by Ashoka Buildcon Limited follow a straightforward structure without complex features. No special rights, interests, or privileges are attached to these instruments, making them standard commercial papers with conventional terms. The company has confirmed that there are no delays in payment of interest or principal amounts for a period of more than three months from the due date, and no defaults in payment of interest or principal have been reported.

Current Status and Compliance

As of the issuance date, the company has confirmed that there is no amount of commercial papers due. The issuance has been duly communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring full compliance with regulatory requirements. The company has also confirmed that there are no cancellations or terminations of proposals for issuance of securities, indicating a smooth execution of the fundraising plan.

This Commercial Paper issuance represents Ashoka Buildcon Limited's continued access to capital markets for meeting its short-term financing requirements, utilizing the flexibility provided under the Board's authorization to optimize its capital structure and liquidity management.

Ashoka Buildcon Limited has secured a significant infrastructure contract through its joint venture partnership. The joint venture between Ashoka Buildcon and Aakshaya Infra Projects Private Limited has received the Letter of Acceptance from Brihanmumbai Municipal Corporation (BMC) for a major flyover construction project.

Project Details and Specifications

The awarded project involves the construction of a flyover connecting J.J. Bridge and Sitaram Selam Bridge, commonly known as Y Bridge, located at J.J. Road and Saboo Siddik Polytechnic Road Junction in E Ward. This infrastructure development aims to improve traffic connectivity in the Mumbai region.

Joint Venture Structure

The project will be executed through M/s Ashoka-Aakshaya JV, where Ashoka Buildcon Limited serves as the lead member with a 51% stake. Aakshaya Infra Projects Private Limited holds the remaining 49% partnership in this joint venture arrangement.

Regulatory Compliance and Disclosure

The company has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements outlined in Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

As part of regulatory protocols, the trading window for designated persons of the company and their immediate relatives will remain closed for 48 hours following this disclosure. The project does not involve any related party transactions, and there are no interests held by promoters or group companies in the awarding entity.

Project Significance

This project award reinforces Ashoka Buildcon's position in the infrastructure development sector, particularly in urban transportation projects. The flyover construction will contribute to Mumbai's infrastructure enhancement and traffic management solutions. The 24-month execution timeline, excluding monsoon periods, indicates a structured approach to project completion considering seasonal factors that typically affect construction activities in the region.