Ashiana Housing Makes NCD Interest and Redemption Payments on Two Debenture Series
Ashiana Housing Ltd. made two NCD-related payments to International Finance Corporation on 11th May 2026 under Regulation 57(1). The first covered interest of INR 2,02,83,017/- and partial redemption of INR 17,97,16,983/- on Series AHL-7%-11-7-45-PVT (ISIN: INE365D08075), with outstanding amount of INR 56,80,91,236/-. The second was an interest-only payment of INR 20,00,000/- on Series 8%AHL2042 (ISIN: INE365D08034), with no redemption applicable and outstanding amount of INR 26.40 Crores/-.
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Ashiana Housing Ltd. has notified the stock exchanges, pursuant to Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, of two separate NCD-related payments made to International Finance Corporation on 11th May 2026. The first filing covers both interest and partial redemption of NCDs under debenture series AHL-7%-11-7-45-PVT (ISIN: INE365D08075), amounting to INR 20,00,00,000/- (Indian Rupees Twenty Crores Only). The second filing pertains to an interest-only payment of INR 20,00,000/- (Indian Rupees Twenty Lakhs Only) on NCDs under debenture series Series 8%AHL2042 (ISIN: INE365D08034), with no redemption applicable.
Interest and Partial Redemption — Series AHL-7%-11-7-45-PVT
Under the first filing, Ashiana Housing made a combined interest and partial redemption payment of INR 20,00,00,000/- on 11th May 2026. The interest payment frequency is quarterly, contingent on the availability of Distributable Surplus as decided by the Distribution Committee. The partial redemption was executed by face value as per the executed Transaction Documents, with no premium paid on redemption. The following table summarises the key interest payment details for this series:
| Parameter: | Details |
|---|---|
| ISIN: | INE365D08075 |
| Debenture Series: | AHL-7%-11-7-45-PVT |
| Issue Size: | INR 100 Crores/- (10,000 NCDs of INR 1,00,000/- each) |
| Interest Amount Paid: | INR 2,02,83,017/- |
| Payment Frequency: | Quarterly (subject to Distributable Surplus) |
| Interest Record Date: | 23rd April 2026 |
| Due Date for Interest Payment: | 11th May 2026 |
| Actual Date of Interest Payment: | 11th May 2026 |
| Date of Last Interest Payment: | 6th March 2026 |
| Reason for Delay/Non-Payment: | Not Applicable |
The partial redemption details for the same series are outlined below:
| Parameter: | Details |
|---|---|
| ISIN: | INE365D08075 |
| Debenture Series: | AHL-7%-11-7-45-PVT |
| Type of Redemption: | Partial (by face value) |
| Reason for Redemption: | Others – as per executed Transaction Documents |
| Due Date of Redemption: | 11th May 2026 |
| Actual Date of Redemption: | 11th May 2026 |
| Principal Amount Redeemed: | INR 17,97,16,983/- |
| Premium Paid on Redemption: | NIL |
| Outstanding Amount: | INR 56,80,91,236/- (INR 5,68,09.1236/- per NCD) |
| Date of Last Interest Payment: | 6th March 2026 |
Interest Payment — Series 8%AHL2042
Under the second filing, Ashiana Housing made an interest-only payment of INR 20,00,000/- on 11th May 2026 on NCDs under the Series 8%AHL2042. No redemption was applicable for this series on this date. The payment frequency is quarterly, subject to the availability of Distributable Surplus as decided by the Distribution Committee. The key details are presented below:
| Parameter: | Details |
|---|---|
| ISIN: | INE365D08034 |
| Debenture Series: | Series 8%AHL2042 |
| Issue Size: | INR 26.40 Crores/- (264 NCDs of INR 10,00,000/- each) |
| Interest Amount Paid: | INR 20,00,000/- |
| Payment Frequency: | Quarterly (subject to Distributable Surplus) |
| Interest Record Date: | 23rd April 2026 |
| Due Date for Interest Payment: | 11th May 2026 |
| Actual Date of Interest Payment: | 11th May 2026 |
| Date of Last Interest Payment: | 22nd January 2026 |
| Reason for Delay/Non-Payment: | Not Applicable |
For this series, redemption was not applicable on this date, and the outstanding amount remains INR 26.40 Crores/- (264 NCDs of INR 10,00,000/- each).
Compliance and Authorisation
Both intimations were submitted by Nitin Sharma, Company Secretary and Compliance Officer of Ashiana Housing Ltd., in compliance with applicable SEBI listing regulations. The filings confirm that all payments — interest and partial redemption under Series AHL-7%-11-7-45-PVT, and interest under Series 8%AHL2042 — were made on the scheduled due date of 11th May 2026, with no delay or non-payment reported for either series.
Historical Stock Returns for Ashiana Housing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.60% | +5.92% | +12.88% | +26.65% | +36.37% | +218.91% |
Given the outstanding principal of ~INR 56.8 crores under Series AHL-7%-11-7-45-PVT, what is Ashiana Housing's projected redemption schedule and how might accelerated repayments impact its liquidity and future project financing capacity?
How dependent is Ashiana Housing's ability to service these NCD obligations on its Distributable Surplus, and what risks could arise if cash flows from ongoing housing projects underperform in the near term?
Could Ashiana Housing's continued NCD repayments to International Finance Corporation signal a broader strategy to reduce institutional debt, and might this open the door to fresh capital raises or new IFC-backed financing arrangements?
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