NSEBagging/Receiving of orders/contracts4d ago · 11 Nov 2026, 10:35 am

Bagging/Receiving of orders/contracts

Ashoka Buildcon Limited · ASHOKA

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Ashoka Buildcon Limited has received a Letter of Acceptance for a 120 MWp Solar PV Power Plant project in Bhutan, with a consideration of USD 58,900,976.45. The project is to be executed within 18 months. The trading window for designated persons will remain closed till 48 hours after the disclosure.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

Ashoka Buildcon Limited has informed the Exchange about Receipt of Letter of Acceptance (LOA) for Solar PV Power Plant in Bhutan

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ASHOKA_11112026103408_517_ABL_BSE_NSE_Bhutan_LoA.pdf

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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 -730851/731112/731487/732069/732127/732724 November 11, 2026 Subject: Intimation for Receipt of Letter of Acceptance (LOA) for Solar PV Power Plant in Bhutan Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ashoka Buildcon Limited (“the Company”) informs that the Company had submitted bid, for the following Project to Druk Green Power Corporation Limited, Bhutan ‘Design, Supply, Installation, Testing & Commissioning of 120 MWp Wobthang Solar PV Power Plant’ (“Project”) Further to apprise that the Company has received Letter of Acceptance for the said Project. The Trading Window for Designated Persons of the Company and their immediate relatives will remain closed till 48 hours after the disclosure is made to the Exchanges. The details required pursuant to Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 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 entity awarding the Druk Green Power Corporation order(s)/contract(s) Limited, Bhutan 2 Significant terms and conditions of  On Design Build mode as per order(s)/contract(s) awarded Contract;  Defect Liability Period of 24 months 3 Whether order(s) / contract(s) have International Entity been awarded by domestic/ international entity 4 Nature of order(s) / contract(s) Design, Supply, Installation, Testing & Commissioning of 120 MWp Wobthang Solar PV Power Plant 5 Whether Domestic or International International 6 Time period by which the order(s)/ Completion Period: contract(s) is to be executed 18 months from date of commencement 7 Broad consideration or size of the USD 58,900,976.45 (United States order(s) / contract(s) Dollars Fifty-Eight Million Nine Hundred Thousand Nine Hundred Seventy-Six and Forty Five Cent) 8 Whether the promoter/ promoter group / group companies have any interest in the entity that awarded Not Applicable the order(s)/contract(s)? If Yes, nature of interest and details thereof 9 Whether the order(s) / contract(s) would fall within Related Party Not Applicable Transactions? If yes, whether the same is done at "arm’s length" 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