BSECompany Update1d ago · 1 Oct 2026, 07:59 pm
As per attached letter the date of completion of of stake in subsidiary of the Company is extended up to 31-10-2026.
Ashoka Buildcon Ltd · 533271
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Ashoka Buildcon Ltd has extended the expected date of completion of sale/disposal of stake in its subsidiary Ashoka Baswantpur Singnodi Road Private Limited (BS) up to October 31, 2026.
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Earnings Impact2/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Ashoka Buildcon Ltd - 533271 - Extension Of Expected Date Of Completion Of Sale/Disposal Of Stake In Subsidiary Of The Company
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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
October 01, 2026
Sub: Intimation regarding extension of expected date of completion of sale/disposal of stake in
Subsidiary of the Company
This is in continuation to the announcement made by the Company on December 31, 2024 informing
about the Company and Ashoka Concessions Limited (“ACL”), a, material unlisted subsidiary of the
Company, entering into Share Purchase Agreements and other transaction documents (“Transaction
Documents”) with Epic Concesiones 2 Private Limited, Infrastructure Yield Plus II and Infrastructure
Yield Plus IIA (both schemes of Infrastructure Yield Trust and managed by their respective
investment manager, EAAA India Alternatives Limited (formerly known as Edelweiss Alternative
Asset Advisors Limited)) (“Proposed Investor”) inter alia for sale of the entire share capital (including
repayment of any shareholder loans) and management control of the SPVs held by the Company
and/or ACL in the following subsidiaries:
1) Ashoka Kharar Ludhiana Road Limited;
2) Ashoka Khairatunda Barwa Adda Road Limited;
3) Ashoka Ranastalam Anandapuram Road Limited;
4) Ashoka Ankleshwar Manubar Expressway Private Limited;
5) Ashoka Kandi Ramsanpalle Road Private Limited;
6) Ashoka Mallasandra Karadi Road Private Limited; (TS-1)
7) Ashoka Karadi Banwara Road Private Limited; (TS-2)
8) Ashoka Banwara Bettadahalli Road Private Limited; (TS-3)
9) Ashoka Baswantpur Singnodi Road Private Limited (BS)
10) Ashoka Belgaum Khanapur Road Private Limited; (BK) and
11) Ashoka Bettadahalli Shivamogga Road Private Limited; (TS-4)
collectively, the “SPVs”,
Further to update that in continuation to the announcement made by the Company on September
30, 2025, informing about the sale of entire stake held in SPVs from serial no. 1 to 5 from above list
and in continuation to the further announcements made by the Company on April 01, 2026, and
June 30, 2026, regarding expected date of completion of sale of rest of 6 SPVs, respectively.
We further update that the Company and the Proposed Investor have mutually agreed to extend the
indicative timelines for the completion of the sale of Ashoka Baswantpur Singnodi Road Private
Limited (BS). The extension will allow for the individual completion of certain conditions precedent
and other terms outlined in the transaction documents of BS.
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
Accordingly, the indicative date for completion of the said transaction for BS is extended up to
October 31, 2026.
The final completion of the transaction for each SPV remains subject to the fulfilment of conditions
precedent and necessary regulatory and lender approvals.
This is for your kind information.
Yours sincerely,
For Ashoka Buildcon Limited
(Manoj A. Kulkarni)
Company Secretary
ICSI Membership 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