Ashoka Buildcon Limited issued 2,000 commercial papers aggregating Rs 100 crore on July 21, 2026, to raise short-term funds. The unsecured instruments carry a coupon rate of 7.20%, with interest payable upfront. The issuance was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The commercial papers, each with a face value of Rs 5,00,000, have a tenure of 90 days from the date of allotment. The maturity date is set for October 19, 2026, while the record date for redemption and payment on maturity is October 14, 2026. The company has confirmed that no special rights are attached to these instruments and that there are no outstanding commercial papers due for repayment as of the date of the letter.

Key Details of the Issuance

The Board of Directors at its meeting held on August 11, 2025, had approved the issuance of commercial papers up to an amount of Rs 300 crore outstanding at any point of time, in one or more tranches. The listing of these commercial papers is proposed on BSE Limited.

Ashoka Buildcon has incorporated a new Special Purpose Vehicle (SPV), Ashoka - RDB Infrastructure & Development Private Limited, to develop a Gems & Jewellery Park in Raipur. The company holds a 51% stake in the newly formed entity, which was established on July 15, 2026, in partnership with RDB Real Estate Constructions Limited. The project will be executed under the Public-Private Partnership (PPP) model, targeting the development of specialised infrastructure for the gems and jewellery trade at Krishi Upaj Mandi, Mandi Road, Pandri, Raipur (Chhattisgarh).

Project and Investment Details

The SPV has been incorporated within the real estate industry to undertake the specific project. Ashoka Buildcon subscribed to 5,100 equity shares of ₹10 each, aggregating to ₹51,000, to acquire its majority stake. The consideration for the subscription was made entirely in cash.