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 announced the closure of its trading window for designated employees, their immediate relatives, and insiders. This move comes in anticipation of an upcoming board meeting scheduled for December 11, 2025.

Key Points

• Trading Window Closure: From December 4, 2025
• Reopening Date: December 15, 2025
• Board Meeting Date: December 11, 2025
• Meeting Agenda: To decide on raising funds through the issue of unsecured non-convertible debentures on a private placement basis

Details of the Announcement

The closure of the trading window is in compliance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's Code of Conduct on Insider Trading and Fair Disclosure.

This temporary restriction on trading is a standard practice aimed at preventing insider trading and ensuring fair market practices, especially when significant corporate decisions are pending. The company's move to potentially raise funds through unsecured non-convertible debentures could have implications for its capital structure and future financial strategies.

Investors and market participants will be watching for the outcome of the December 11 board meeting, as it may provide insights into Ashiana Housing's financial plans and growth strategies. The reopening of the trading window on December 15, 2025, will allow for market reactions to any decisions made during the board meeting.

Stakeholders are advised to stay informed about the company's official announcements and consult with financial advisors before making investment decisions based on this development.