Ashiana Housing Ltd , a prominent real estate developer, has received a tax demand notice from the Income Tax Department in Delhi. The company disclosed this information in a recent corporate announcement under Regulation 30 of the SEBI (LODR) Regulations.

Key Details of the Tax Demand

Company's Response

Ashiana Housing has stated that the tax demand does not have a significant impact on its financial or operational performance. However, the company is taking the following steps:

1. Exploring legal avenues to contest the order
2. Reviewing and reconciling its records

Implications and Next Steps

While the company maintains that there is no substantial financial impact, it is worth noting that:

1. The demand pertains to the fiscal year 2013-14, which is nearly a decade old.
2. Ashiana Housing is actively considering legal options, indicating that they may challenge the tax department's assessment.
3. The ongoing review of records suggests that the company is thoroughly examining its financial documentation to address this issue.

Investors and stakeholders will likely be watching closely to see how Ashiana Housing resolves this matter and whether it leads to any changes in the company's financial reporting or tax management practices.

As this situation develops, it will be important to monitor any updates from the company regarding the resolution of this tax demand and any potential impact on its financial statements or operational procedures.

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.

Debenture Issuance Details

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

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.