Ashoka Buildcon Limited has announced the receipt of a Letter of Acceptance (LOA) from the Public Works Department, Work Division-1, Moti Daman for a significant infrastructure project. The company disclosed this development on January 22, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details and Scope

The awarded project involves the construction of a proposed signature bridge connecting Jampore Sea Front road near Light House to Devka Sea Front road at Parkota Sheri in Daman. This infrastructure development represents a substantial addition to the company's project portfolio.

Contract Structure and Timeline

The project follows a Design, Build and Operate model, indicating Ashoka Buildcon's comprehensive involvement from conception through operational phases. The company has been allocated 30 months to complete the design and build components of the project. This timeline reflects the complex nature of signature bridge construction, which requires detailed engineering and construction phases.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by promptly disclosing this material development to both BSE Limited and National Stock Exchange of India Limited. As part of standard compliance procedures, the company noted that its trading window for designated persons and their immediate relatives remains closed from January 01, 2026, until 48 hours after the declaration of financial results for the quarter ended December 31, 2025.

Strategic Significance

This project award demonstrates Ashoka Buildcon's continued presence in the infrastructure development sector, particularly in bridge construction and coastal connectivity projects. The signature bridge will enhance connectivity between key areas in Daman, contributing to the region's infrastructure development and tourism accessibility.

The project specifications confirm it as a domestic infrastructure initiative with no related party transaction implications. The company has verified that neither promoter groups nor group companies have any interest in the awarding entity, ensuring transparent project execution.

Ashoka buildcon Limited has announced that its Board of Directors will convene on January 30, 2026, to review and approve the company's quarterly financial performance. The meeting will focus on considering the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, marking the third quarter of fiscal year 2026.

Regulatory Compliance and Meeting Details

The board meeting has been scheduled in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has specifically cited compliance with Regulations 29, 33, and 50 of the SEBI (LODR) Regulations in its official notice to the stock exchanges.

Trading Window Restrictions

In line with regulatory requirements and standard corporate governance practices, Ashoka Buildcon Limited has implemented a trading window closure for all designated persons. This restriction came into effect from January 1, 2026, and will continue until 48 hours after the financial results are officially disclosed to the stock exchanges. This measure ensures compliance with insider trading regulations and maintains market integrity during the financial disclosure period.

Stock Exchange Communication

The company has formally notified both major Indian stock exchanges about the upcoming board meeting. Ashoka Buildcon Limited trades on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). The official communication was signed by Company Secretary Manoj A. Kulkarni and submitted to the respective exchange authorities on January 21, 2026.

Corporate Governance Framework

The scheduled board meeting represents part of Ashoka Buildcon Limited's regular quarterly financial reporting cycle. The company will present both standalone and consolidated financial results, providing stakeholders with comprehensive insights into the organization's performance across its various business segments and subsidiaries for the third quarter of the current fiscal year.