Ashiana Housing Board Approves ₹50 Crore Debenture Issue on Private Placement

Ashiana Housing has successfully concluded its board meeting and approved the issuance of unsecured non-convertible debentures worth up to ₹50 crores on a private placement basis. The decision was taken during the board meeting held on December 11, 2025, which was preceded by a trading window closure for designated employees and insiders.

Board Meeting Outcome

The board meeting, which commenced at 11:30 AM and concluded at 12:40 PM on December 11, 2025, resulted in the approval of the fund-raising initiative that was previously under consideration.

Meeting Details:	Information
Meeting Date:	December 11, 2025
Meeting Duration:	11:30 AM to 12:40 PM
Key Decision:	Approval of debenture issuance
Amount Approved:	Up to ₹50 crores
Placement Type:	Private placement basis

Debenture Issuance Details

The company's board considered, discussed, and approved the issuance of non-convertible debentures with the following specifications:

Debenture Parameters:	Details
Type:	Non-Convertible Debentures/Bonds
Security:	Unsecured
Maximum Amount:	₹50 crores
Issuance Method:	Private placement
Regulatory Compliance:	SEBI Listing Regulations

Trading Window and Compliance

Prior to the board meeting, Ashiana Housing had closed its trading window for designated employees, their immediate relatives, and insiders from December 4, 2025. The trading window is scheduled to reopen on December 15, 2025, following the completion of the board meeting and subsequent disclosures.

The company has made this disclosure in compliance with Regulation 30 read with Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The closure and reopening of the trading window aligns with SEBI's Prohibition of Insider Trading Regulations, 2015, ensuring fair market practices.

Strategic Implications

This fund-raising initiative through unsecured non-convertible debentures represents a strategic move by Ashiana Housing to strengthen its capital structure. The private placement approach allows the company to raise funds efficiently while maintaining flexibility in its financial planning. The approved amount of up to ₹50 crores provides the company with substantial resources for its operational and growth requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.46%	+0.69%	-5.78%	-16.43%	-21.29%	+172.13%

Ashiana Housing , a prominent real estate developer, has reported impressive financial results for the second quarter of fiscal year 2026, demonstrating resilience and growth in a competitive market landscape.

Financial Highlights

Value of Area Booked: INR 303.43 crores in Q2 FY26
Profit After Tax (PAT): INR 27.54 crores
Cash Flow: INR 122.62 crores
Equivalent Area Constructed: 7.25 lakh square feet, up 18% from Q1

Key Developments

Land Acquisition: 22.7 acres acquired in Chennai for a senior living project with a potential sales value of approximately INR 1,200 crores
Project Launches: Plans to launch Ashiana Aaroham and Amaya projects in Q4
Sales Target: Aiming for INR 2,000 crores in presales for FY26

Financial Performance

The company's Q2 FY26 performance shows a mixed picture when compared to Q1:

Metric	Q2 FY26	Q1 FY26	Change
Value of Area Booked	303.43	430.97	-29.6%
Total Revenue	176.18	302.72	-41.8%
PAT	27.54	12.72	116.5%

The decrease in revenue is attributed to lower deliveries, while the significant increase in PAT is driven by a mix favoring better margin projects delivered in Q2.

Operational Progress

Ashiana Housing initiated handovers for Advik Phase 1 and Tarang Phase 4B in Bhiwadi during the quarter. The company also settled a long-pending dispute related to the development agreement for Project Maitri in Kolkata, receiving INR 18.5 crores as a full and final settlement.

Future Outlook

The company remains optimistic about its growth trajectory, particularly in the senior living segment. Varun Gupta, Whole-Time Director, stated, "We see senior living as the real, real big future for the company. We are market leaders there, and we are seeing changing demographic profiles and income profiles, which present a significant opportunity."

Ashiana Housing is targeting a presales figure of INR 2,000 crores for FY26, with much depending on the success of upcoming project launches, including Ashiana Aaroham and Amaya.

Market Dynamics

The company noted that the real estate market, particularly in Gurugram, has become more discerning. Varun Gupta observed, "The market in Gurugram is not as secular as it was 18 months ago. The differentiation in the market for better product, better branded developers has happened."

As Ashiana Housing continues to navigate the evolving real estate landscape, its focus on senior living projects and strategic expansions positions it well for future growth and profitability.