The Company has acquired Project SPV Viz. Sakoli Power Transmission Limited from REC PDCL.

Ashoka Buildcon Limited To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: Equity: 533271 Scrip Symbol: ASHOKA Debt Codes: CPs -730851/731112/731487/732069/732127 September 23, 2026 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation to our letter dated August 13, 2026, we wish to inform that Ashoka Buildcon Limited (“the Company”) has signed Share Purchase Agreement (“SPA”) and acquired 100% equity stake in Sakoli Power Transmission Limited, a Project Special Purpose Vehicle (“SPV”). The details required pursuant to Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 (‘SEBI Circular’) are given in Annexure I. This is for your kind information. Yours faithfully, For Ashoka Buildcon Limited (Manoj A Kulkarni) Company Secretary ICSI M. No.: FCS 7377 Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India Tel. + 91 253 6633705 Fax +91 253 2236704 www.ashokabuildcon.com CIN: L45200MH1993PLC071970 Ashoka Buildcon Limited Annexure I Sr. No. Particulars Details of the Project 1 Name of the target entity, details Sakoli Power Transmission Limited, a in brief such as size, turnover, wholly owned subsidiary of REC Power etc. Development and Consultancy Limited, (“Bid Process Co-Ordinator”), which is set up as a Special Purpose Vehicle (“SPV”) to provide transmission service on Build-Own- Operate-Transfer (BOOT) basis. Size/Turnover : Nil 2 Whether the acquisition would The transaction does not fall within Related fall within related party Party Transaction. transaction(s) and whether the promoter / prompter group / Post acquisition, Sakoli Power Transmission group companies have any Limited, will be wholly owned subsidiary of interest in the entity being the Company. acquired? If yes, nature of interest and details thereof and whether the same is done at ‘arm’s length’ 3 Industry to which the entity Power Transmission being acquired belongs 4 Objects and impact of acquisition Letter of Intent dated August 13, 2026, was (including but not limited to, received from REC Power Development disclosure of reasons for and Consultancy Limited for the Project acquisition of target entity, if its Establishment of 400/220/132 kV AIS business is outside the main line Sakoli (Dist. Bhandara) through Tariff Based of business of the listed entity) Competitive Bidding process. As a condition of RFP of the Project, in order to undertake the Project, the Company shall purchase the Shares of Sakoli Power Transmission Limited from REC Power Development and Consultancy Limited. 5 Brief details of any governmental Approval has been received from Ministry or regulatory approvals required of Power for share transfer of SPV. for the acquisition 6 Indicative time period for Acquisition process completed on completion of the acquisition September 23, 2026. 7 Consideration - whether cash The acquisition involves purchase of equity consideration or share swap or against cash consideration. any other form and details of the same Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India Tel. + 91 253 6633705 Fax +91 253 2236704 www.ashokabuildcon.com CIN: L45200MH1993PLC071970 Ashoka Buildcon Limited 8 Cost of acquisition or the price at Total consideration of Rs.3.06 Crore which the shares are acquired including share purchase consideration and relevant expenses and liabilities of SPV till date. 9 Percentage of shareholding / 100% equity stake in SPV. control acquired and/or number of shares acquired 10 Brief background about the The Company is a SPV formed on July 07, entity acquired in terms of 2025, specifically to establish and develop products/line of business infrastructure for transmission system by acquired, date of incorporation, SPV comprising of AIS Sakoli Substation history of last 3 years turnover, (New 400 kV AIS Substation) and country in which the acquired Associated Transmission Lines. entity has presence and any other significant information (in The Scheduled Date of Commercial brief) Operation of the SPV will be 24 months from the date of acquisition of SPV. Since the Company is incorporated on July 07, 2025, history of last 3 years is not applicable. Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India Tel. + 91 253 6633705 Fax +91 253 2236704 www.ashokabuildcon.com CIN: L45200MH1993PLC071970