Ashoka Buildcon Limited, a leading infrastructure development company, has announced the successful redemption of its Commercial Papers (CPs) with an aggregate value of Rs.50 Crore on the due date, March 26, 2025. The company has confirmed that the entire redemption amount, including interest payments, was made on time and in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Redemption and Interest Payment Details

As part of its disclosure under Regulation 57(1) of SEBI LODR Regulations, 2015, Ashoka Buildcon Limited provided comprehensive details of the redemption process and interest payments related to the CPs.

Key Details of Interest Payments:

• ISIN: INE442H14436

• Issue Size: Rs.50 Crore

• Interest Amount Paid: Rs.100.275 Lakh

• Payment Frequency: On maturity

• Interest Payment Record Date: February 21, 2025

• Due Date for Interest Payment: March 26, 2025

• Actual Date of Interest Payment: March 26, 2025

• Date of Last Interest Payment: March 26, 2025

The interest amount of Rs.100.275 Lakh was calculated as the difference between the issue price and the face value of the CPs, which were issued at a discount.

Key Details of Redemption Payments:

• ISIN: INE442H14436

• Type of Redemption: Full

• Reason for Redemption: Maturity

• Quantity Redeemed: 1000 CPs

• Due Date for Redemption: March 26, 2025

• Actual Date of Redemption: March 26, 2025

• Amount Redeemed: Rs.50 Crore

• Outstanding Amount After Redemption: Nil

Compliance with SEBI Circulars

Ashoka Buildcon Limited has confirmed that the redemption was carried out in accordance with:

• SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and

• SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024.

These circulars lay down the guidelines for the issue and listing of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper (CPs).

Timely Compliance and Transparency

The Company Secretary, Mr. Manoj A Kulkarni (ICSI Membership No.: FCS 7377), has confirmed that the necessary disclosures have been made as per the SEBI Listing Regulations. He further assured that the redemption details and interest payment information have been recorded with the concerned stock exchanges, i.e., BSE Limited and the National Stock Exchange of India Limited (NSE).

Regulatory Adherence and Financial Discipline

By ensuring the timely redemption of its CPs and adhering to SEBI’s regulatory requirements, Ashoka Buildcon has demonstrated its commitment to maintaining financial discipline and transparency. The company’s proactive approach in redeeming CPs on maturity underscores its dedication to safeguarding the interests of its stakeholders and investors.

Future Financial Announcements

The company reiterated its commitment to timely disclosures and stated that any updates related to future financial obligations, interest payments, or redemptions will be communicated promptly to the stock exchanges and stakeholders.

Conclusion

With the successful redemption of CPs worth Rs.50 Crore and timely interest payments, Ashoka Buildcon Limited has maintained its track record of regulatory compliance and financial prudence. The company continues to strengthen its financial position by adhering to best practices in corporate governance and transparency.

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