Ashiana Housing Ltd, a prominent player in the Indian real estate sector, has announced significant leadership continuity and corporate governance measures following its 39th Annual General Meeting (AGM) held on September 25, 2025.

Key Leadership Re-appointments

Shareholders of Ashiana Housing Ltd have approved the re-appointment of three key directors, all siblings, for three-year terms:

1. Vishal Gupta - Re-appointed as Managing Director, effective April 1, 2025
2. Ankur Gupta - Re-appointed as Joint Managing Director, effective April 1, 2025
3. Varun Gupta - Re-appointed as Whole-time Director, effective July 1, 2025

These re-appointments underscore the company's commitment to maintaining stable leadership amidst an increasingly complex business environment.

Directors' Profiles and Expertise

The re-appointed directors bring a wealth of experience to their roles:

• Vishal Gupta: With a 28-year association with Ashiana Housing, Vishal Gupta holds an MBA from Fore School of Management. He specializes in finance, project execution, and general administration.

• Ankur Gupta: Boasting over 22 years of experience with the company, Ankur Gupta has a bachelor's in business administration from Fairleigh Dickinson University (USA) and an MS in Real Estate from New York University. He has conducted extensive research on residential projects, particularly in seniors housing.

• Varun Gupta: The youngest of the trio, Varun Gupta has been with Ashiana for 16 years. He holds a bachelor's in science from Stern School of Business, New York University (USA), and oversees land procurement, legal, and finance matters.

New Secretarial Auditor Appointment

In addition to the director re-appointments, shareholders approved the appointment of M/s A.K. Verma & Co., Practicing Company Secretaries, as the new Secretarial Auditor. This appointment is for a five-year term, spanning from FY 2025-26 to FY 2029-30, in compliance with Regulation 24A of SEBI Listing Regulations.

M/s A.K. Verma & Co. is a Delhi-based firm with expertise in corporate management consultancy, corporate laws, taxation, finance & accounting, legal compliances, corporate governance, and corporate social responsibility.

Implications for Ashiana Housing

These decisions reflect Ashiana Housing's focus on maintaining leadership stability while enhancing corporate governance practices. The re-appointment of the Gupta brothers, each bringing unique expertise and long-standing experience with the company, suggests a continuation of the company's existing strategic direction.

The appointment of a new secretarial auditor for a five-year term also indicates the company's commitment to maintaining high standards of regulatory compliance and corporate governance.

As Ashiana Housing continues to navigate the dynamic real estate market, these leadership and governance decisions are likely to play a crucial role in shaping the company's future strategies and operations.

Ashiana Housing Ltd., a prominent real estate developer, has reported its highest-ever pre-sales of ₹1,313.43 crores in the fiscal year 2023, marking a significant milestone in the company's growth trajectory. The robust performance underscores the company's strong market position and effective execution of its expansion strategy.

Key Highlights

• Record Pre-Sales: Ashiana Housing achieved pre-sales of ₹1,313.43 crores in FY23.
• Area Booked: The company saw a 75% increase in area booked, reaching 25.86 lakh square feet.
• New Project Launches: Five greenfield projects totaling 29.46 lakh square feet were launched.
• Sales Price Improvement: Average sales price improved by 31% year-on-year to ₹5,080 per square foot.
• Revenue Growth: Total revenue increased to ₹425.19 crores, up from ₹233.59 crores in FY22.

Operational Achievements

Ashiana Housing demonstrated strong operational performance across various metrics. The company successfully launched five greenfield projects, including Ashiana Amarah Phase 2 in Gurugram, which saw all 224 units sold at launch. This impressive sell-out reflects the strong demand for Ashiana's offerings and the company's ability to deliver products that resonate with buyers.

Financial Performance

The company's financial results show a substantial improvement, with total revenue reaching ₹425.19 crores in FY23, compared to ₹233.59 crores in the previous fiscal year. This 82% year-on-year increase in revenue highlights the company's ability to capitalize on market opportunities and execute its growth strategies effectively.

Expansion and Land Acquisition

Ashiana Housing continues to focus on strategic expansion. The company delivered 10.51 lakh square feet of residential space and acquired new land parcels in Jaipur and Manesar. These new acquisitions have a potential saleable area of 21 lakh square feet, providing a strong pipeline for future growth.

Future Outlook

Looking ahead, Ashiana Housing has set ambitious targets for the coming fiscal year:

• Pre-Sales Target: The company aims to achieve ₹1,500 crores in pre-sales for FY24.
• Profitability Goals: Management is targeting 30% gross margins.
• Return on Equity: The company aims for a 15% ROE.

Strategic Focus

Gurgaon emerged as a key market for Ashiana Housing, contributing 40% of the value booked. The company plans to continue its focus on this region, alongside its successful senior living projects. This dual strategy of geographic concentration and segment specialization is expected to drive growth in the coming years.

Conclusion

Ashiana Housing's record-breaking performance in FY23 and its ambitious targets for FY24 demonstrate the company's strong market position and growth potential. With a clear strategy focusing on key markets like Gurgaon and specialized segments such as senior living, Ashiana Housing appears well-positioned to capitalize on the growing demand in India's real estate sector.