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.

Ashoka Buildcon Limited , a prominent infrastructure development company, has received significant relief from the Delhi High Court regarding its temporary suspension by the National Highways Authority of India (NHAI) following a tragic girder collapse incident during construction activities.

Court Provides Relief from Suspension

The Delhi High Court, through its order dated December 08, 2025, has kept Para 4 of the NHAI Show Cause Notice in abeyance. The company received the court order on December 11, 2025, at 13:30 IST, providing immediate relief from the temporary suspension that was affecting its bidding capabilities.

Structured Timeline for Resolution

The court has established a clear framework for resolving the matter:

Background of the Incident

The original incident occurred during the construction of a six-lane Elevated Corridor on National Highway 66 (NH-66) from Aroor to Thuravoor Thekku section. The collapse of two precast Prestressed Concrete (PSC) girders resulted in one girder falling onto a commercial vehicle, causing the fatality of the driver.

NHAI's Initial Response

NHAI had issued a Show Cause Notice on November 26, 2025, and imposed a temporary suspension from participation in ongoing and future NHAI bids for one month or until completion of the Expert Committee investigation, whichever was later.

Company's Position

Ashoka Buildcon has consistently maintained its position that:

• The incident resulted from sudden and unforeseeable circumstances involving hydraulic jack failure due to internal seal damages
• The girder fell on a moving goods carrier vehicle that had forcibly entered a prohibited construction zone
• All safety precautions and protocols were implemented in line with Good Industrial Practices and contractual requirements

Current Status and Operations

With the court's intervention, the temporary suspension decision has been kept in abeyance until the conclusion of the structured process outlined by the Delhi High Court. All other operations of the company remain unaffected, and the company continues to assess the financial impact of the incident while maintaining compliance with regulatory requirements.