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.

Ashoka Buildcon has extended the expected date of completion for the sale of stakes in six subsidiaries to July-September 2026. The company, along with its material unlisted subsidiary Ashoka Concessions Limited (ACL), had entered into agreements with Epic Concesiones 2 Private Limited and schemes of Infrastructure Yield Trust to sell the entire share capital and management control of 11 Special Purpose Vehicles (SPVs). The extension impacts the timeline for the remaining six SPVs where major construction works are complete or ongoing.

The transaction involves the sale of stakes in subsidiaries including Ashoka Karadi Banwara Road Private Limited, Ashoka Mallasandra Karadi Road Private Limited, and Ashoka Banwara Bettadahalli Road Private Limited. The indicative date for completion for SPVs where major construction works are complete—specifically TS-1, TS-2, and TS-3—is extended up to July 31, 2026. For the BS SPV, the date is extended up to September 30, 2026. The remaining SPVs will follow thereafter in accordance with respective transaction documents.

The final completion of the transaction for each SPV remains subject to the fulfilment of conditions precedent and necessary regulatory and lender approvals. The company had previously announced the sale of stakes in five other SPVs from serial 1 to 5 in the list. The current extension specifically addresses the timeline for the disposal of the remaining six entities.

Subsidiaries and Timelines

The following table outlines the revised indicative completion dates for the sale of stakes in the specified SPVs:

The proposed investor includes Infrastructure Yield Plus II and Infrastructure Yield Plus IIA, both schemes managed by EAAA India Alternatives Limited. The transaction is structured to include the repayment of any shareholder loans associated with the SPVs. The company stated that the extension is necessary to complete certain conditions precedent and other terms outlined in the transaction documents.