Ashoka buildcon Limited has received positive news regarding its credit ratings, with ACUITE Ratings & Research Limited reaffirming both long-term and short-term debt ratings. The company informed stock exchanges about this development on February 25, 2026, as part of its regulatory disclosure obligations under SEBI guidelines.

Credit Rating Updates

ACUITE Ratings & Research Limited has provided updated credit ratings for Ashoka Buildcon Limited, marking a significant development in the company's financial standing. The rating agency has reaffirmed the company's creditworthiness across both debt categories.

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Manoj A. Kulkarni signed the disclosure document, ensuring proper compliance with stock exchange notification requirements.

The company maintains listings on both major Indian stock exchanges, with its equity shares trading under scrip code 533271 on BSE and symbol ASHOKA on NSE. Additionally, the company has various debt instruments listed, including Commercial Papers and Non-Convertible Debentures with specific debt codes.

Significance of Rating Watch Removal

The removal of both ratings from Rating Watch status indicates that ACUITE has resolved any previous concerns or uncertainties that may have led to the watch status. This development suggests improved clarity regarding the company's financial position and business outlook from the rating agency's perspective.

The reaffirmation of AA rating for long-term debt and A1+ for short-term debt maintains Ashoka Buildcon's position in the higher credit quality categories, which is beneficial for the company's future financing activities and cost of borrowing.

Ashoka buildcon Limited has secured a significant international infrastructure contract from the Ministry of Public Works, Liberia, valued at USD 45,276,621.07. The company announced this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details and Scope

The awarded project encompasses the upgrading of multiple road segments in the Republic of Liberia. The comprehensive infrastructure development includes upgrading roads from Nrowkia (Sasstown Jn) to Barclayville and Nrowkia (Sasstown Jn) to Sasstown, along with part of Nrowkia (Sasstown Jn) to Nipleppo road.

Contract Specifications

The Letter of Award confirms Ashoka Buildcon's successful bid submission to the Liberian authority. The project falls under the Engineering, Procurement and Construction (EPC) category, demonstrating the company's comprehensive capabilities in infrastructure development. The 24-month execution timeline indicates a substantial undertaking that will require significant resource deployment and project management expertise.

Regulatory Compliance and Disclosure

In compliance with regulatory requirements, Ashoka Buildcon has implemented trading window restrictions for designated persons and their immediate relatives, which will remain closed for 48 hours following this disclosure. The company has provided detailed project information as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Strategic Significance

This international contract award represents Ashoka Buildcon's continued expansion in overseas markets, particularly in African infrastructure development. The substantial contract value of over USD 45 million demonstrates the company's ability to secure significant international projects and compete effectively in global infrastructure tenders. The project's scope involving multiple road segments indicates comprehensive infrastructure development that could enhance connectivity in the region.