Ashoka Buildcon Limited has secured a major international project win with the approval of the Diriyah II project in Saudi Arabia. The infrastructure development company will execute this significant undertaking in partnership with BEC Arabia, marking another milestone in its international expansion strategy.

Project Details and Financial Impact

The Diriyah II project represents a substantial business opportunity for the company, with specific financial parameters clearly defined for the partnership arrangement.

Strategic Partnership and Market Expansion

The collaboration with BEC Arabia positions Ashoka Buildcon to leverage local expertise and market knowledge in the Saudi Arabian construction sector. This partnership approach enables the company to navigate the regional market dynamics while contributing its technical capabilities and project execution experience.

The Diriyah II project approval reinforces the company's strategy of pursuing high-value international infrastructure projects. Saudi Arabia's ongoing infrastructure development initiatives present significant opportunities for experienced construction and infrastructure companies with proven track records.

Business Implications

This project win adds substantial value to Ashoka Buildcon's order book, with the ₹846.38 crore contribution representing a significant addition to the company's revenue pipeline. The international project diversifies the company's geographical presence and reduces dependence on domestic market conditions.

The successful approval process demonstrates the company's competitive positioning in international tenders and its ability to meet stringent qualification criteria for major infrastructure projects in the Middle Eastern market.

Ashoka Buildcon Limited has formally notified stock exchanges regarding the dispatch of postal ballot notice to shareholders and subsequent newspaper publication disclosures under SEBI regulations.

Regulatory Compliance and Disclosure

The company submitted disclosure letters to BSE Limited and National Stock Exchange of India Limited on February 05, 2026, pursuant to Regulations 30 and 47(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure included copies of newspaper publications regarding the dispatch of postal ballot notice to shareholders.

E-Voting Process Details

The company has implemented a comprehensive remote e-voting system for shareholder participation. The postal ballot notice was sent electronically on February 04, 2026, to members whose email addresses are registered with the company or depositories.

Scrutinizer Appointment and Governance

The Board of Directors has appointed M/s Sharma and Trivedi LLP, Practicing Company Secretaries (LLPIN: AAW-6850), as the scrutinizer to conduct the remote e-voting process in a fair and transparent manner. The appointment ensures compliance with corporate governance requirements for postal ballot procedures.

Shareholder Communication

The postal ballot notice has been distributed to all members whose names appear in the Register of Members and Beneficial Owners as per details furnished by National Securities Depository Limited and Central Depository Services (India) Limited as on January 30, 2026. The complete postal ballot notice, explanatory statement, and annexures are available on the company's website at www.ashokabuildcon.com .

For e-voting queries, shareholders can contact Company Secretary Manoj Kulkarni at investors@ashokabuildcon.com or refer to the FAQ section and user manual available on the e-voting platform website.