Ashiana Housing Ltd has informed stock exchanges about GST audit observations amounting to ₹24.58 lakh, including penalty, following an audit conducted by the GST Department, Jamshedpur. The audit covered a four-year period from FY 2020-21 to 2023-24 under section 65 of the CGST Act 2017.

GST Audit Observations Details

The audit observations primarily relate to alleged short payment or non-payment of GST and non-payment of interest on delayed taxes. The company has disclosed that it has already paid ₹16.60 lakh (excluding interest and penalty) out of the total observed amount.

Regulatory Compliance and Timeline

The audit report was dated January 19, 2026, and received by the company on January 20, 2026. Ashiana Housing made this disclosure under Regulation 30 of the SEBI (LODR) Regulations, following the prescribed format for corporate announcements regarding regulatory actions.

Company's Response and Next Steps

The company has stated that it is currently in the process of verifying the details of the audit observations. Ashiana Housing plans to pay the remaining amount of tax upon ascertainment of liability from the audit observations. The company has indicated that no significant impact on financial or operational performance has been observed at this stage.

Financial Impact Assessment

Regarding the monetary implications, Ashiana Housing is reviewing and reconciling its records to determine the exact liability. The company has emphasized that it will settle the remaining dues once the verification process is complete and the liability is ascertained.

The disclosure was signed by Nitin Sharma, Company Secretary & Compliance Officer, and communicated to both the Bombay Stock Exchange and National Stock Exchange of India Limited as per regulatory requirements.

Ashiana Housing Ltd reported a sequential improvement in sales and area bookings in the third quarter of FY26, even as its performance for the nine months ended December 2025 remained below the corresponding period of last year due to fewer large project launches.

Q3FY26 Performance Shows Sequential Recovery

The company demonstrated steady quarter-on-quarter growth across key metrics during Q3FY26. Area bookings increased to 5.56 lakh sq ft from 4.13 lakh sq ft in Q2FY26, while sales value rose significantly to ₹401.07 crore from ₹303.43 crore in the previous quarter. The company sold 357 units during the quarter, up from 307 units in Q2FY26.

New Project Launches Drive Q3 Growth

Sales during Q3FY26 were supported by strategic project launches, including Ashiana Amaya in Jamshedpur and Vatsalya phase-II in Chennai. These launches contributed to the sequential improvement in performance metrics.

In comparison, Q3FY25 had benefited from multiple high-value launches that generated substantial sales:

These projects together accounted for 183 units and combined sales of ₹191.27 crore, with Ashiana Amarah phase-IV alone contributing ₹82.15 crore during Q3FY25.

Nine-Month Performance Trails Previous Year

For the nine months ended December 2025, Ashiana Housing's performance remained below the previous year's levels. Total area bookings declined to 15.64 lakh sq ft from 18.47 lakh sq ft in the same period last year, while sales value decreased to ₹1,135.47 crore compared with ₹1,362.17 crore in 9MFY25.

The stronger performance in the previous year was largely driven by the launch of Amara phase-IV in Gurugram, which generated substantial sales of ₹503.81 crore during the first nine months of FY25.

Market Performance and Outlook

While the year-on-year decline reflects a lighter launch pipeline, Ashiana Housing's sequential recovery in Q3FY26 indicates steady underlying demand in the residential real estate market. The company's future growth trajectory is expected to depend on the timing and scale of upcoming project launches.

Ashiana Housing Ltd shares closed at ₹288.00 on Friday, January 9, registering a gain of ₹3.55 or 1.25% during the trading session, reflecting investor confidence in the company's sequential recovery momentum.