Ashoka Buildcon Ltd. News

We refer to our letter dated August 07, 2024, intimating the record date as 22-08-2024, for payment of redemption amount payable on the Commercial Papers issued by the Company.We hereby inform that the entire redemption amount of Rs. 50 Crore has been paid by the Company on the due date i.e. August 26, 2024, including the interest.

Stocks in news: The domestic market edged higher for the second week, moving closer to record highs. Key shares like Trent, BEL, and LTIMindtree attracted attention due to index changes. Transport Corporation announced its first equity buyback. Ambuja Cements experienced significant block deals. Ashoka Buildcon won an MMRDA project. Several other companies also highlighted important developments.

Pursuant to Reg,. 30 of the SEBI LODR, 2015, Ashoka Buildcon Limited (Company) informs that the Company had submitted bid to MMRDA Project. The company has emerged as L1 for the Project.

Please find enclosed herewith the copy of transcript of the Earnings Call held on August 16, 2024 in respect of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024.

We have uploaded the Audio recording of the Result Update / Earnings Call held on August 16, 2024 in respect of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024 on the Company''s website www.ashokabuildcon.com

Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith copies of newspaper publication in Free Press Journal (English) and Pudhari (Vernacular - Marathi) dated August 15, 2024, in connection with financial results for the quarter ended 30.06.2024.

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, the Company hereby wishes to inform that Mr. Swadhin Samantray has been appointed as SBU Head - Water Vertical of the Company effective August 14, 2024. Accordingly, Mr. Swadhin Samantray shall be a Senior Management Personnel effective the said date.

Please find enclosed herewith the copy of Result Update Presentation in respect of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024.

Please find enclosed herewith the copy of Press Release in respect of unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.

Pursuant to Regulations 33 and 52 of the SEBI (LODR) Regulations, 2015, the outcome of meeting of the Board of Directors held through Video Conferencing at Ashoka House, Ashoka Marg, Nashik - 422 011 on Tuesday, August 13, 2024, commenced at 4.45 p.m. and concluded at 6.15 p.m. is as follows. The Board of Directors has inter alia considered and approved the unaudited Standalone and Consolidated Financial Results (Limited Review) for the quarter ended June 30, 2024, pursuant to Regulations 33 and 52 of the SEBI (LODR) Regulations, 2015, which have been duly reviewed and recommended by the Audit Committee. The unaudited Standalone & Consolidated Financial Results will be made available on the Company's website www.ashokabuildcon.com

Please find enclosed herewith the Invite of Earnings call - Q1 & FY2025 of the Company to be held on Friday, August 16, 2024 at 12.00 noon IST.

Pursuant to Regulation 30 of SEBI LODR Regulations, 2015 and in continuation to announcements made on January 16, 2023 and March 09, 2024, Ashoka Buildcon Limited (the Company) informs the receipt of Completion Certificate w.e.f. January 31, 2024 for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (NHAI) vide letter issued by Independent Engineer on August 08, 2024 for the Project.

ASHOKA BUILDCON LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2024 ,inter alia, to consider and approve and take on record the Unaudited standalone and consolidated financial results (Limited Review) of the Company for the quarter ended June 30, 2024.Please note that Trading Window for all the Insiders is closed from July 01, 2024 till 48 hours after the disclosure of financial results to the Exchanges.

The past week saw domestic markets close marginally lower amid volatility. Key highlights included SBI's 0.9% rise in Q1 net profit, Titan’s slight profit decrease, and Divi's Labs' 21% profit growth. Airtel, ONGC, and Marico were noted for upcoming Q1 results, while Infosys had significant regulatory updates.

Pursuant to Reg. 30 of SEBI (LODR), Regulations, 2015, the Company informs that the company had submitted bids to Mumbai Metropolitan Region Development Authority for 2 projects wherein company has emerged as the Lowest Bidder (L-1) for the 2 projects.

Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith copies of newspaper publication published in Free Press Journal (English) and Punyanagari (Vernacular - Marathi) dated Augugst 01, 2024, in connection with notice to shareholders regarding transfer of unpaid/unclaimed divided and equity shares of the Company to Investor Education and Protection Fund (IEPF) Account.

Pursuant to Regulation 30(9) of SEBI (LODR) Regulation, 2015, Ashoka Buildcon Limited (the Company) informs that India Ratings & Research, the Credit Rating Agency (Ind-Ra) has assigned the Credit Rating for the Term Loan Facilities of GVR Ashoka Chennai ORR Limited (CORR) a wholly owned subsidiary of the Company being an unlisted material subsidiary of the Company.The Ind-Ra has assigned the Credit Rating for Term Loan Bank Facilities (INR 3,194.80 Mn) IND D/downgraded.

Pursuant to the SEBI (PIT) Regulations 2015 amended from time to time and effective April 01, 2019 and as per the terms of the Code of Conduct for the Prohibition of Insider Trading in Securities of Ashoka Buildcon Limited (the Company), the Company informs that the trading window for dealing in the securities of the Company for designed employees, specified persons, their immediate relatives and connected persons shall be closed from July 01, 2024 till 48 hours after the declaration of financial results of the Company for the quarter ending June 30, 2024 to the Exchanges.

Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 6639.38 Crore) operating in Infrastructure sector.

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kotak Mahindra Mutual Fund

The Company informs CARE Ratings Limited has assigned Credit ratings for Long Term bank facilities and Long Term Short Term Bank Facilities as CARE AA- / Stable and CARE AA- / Stable / CARE A1+

There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.

Pursuant to the Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be meeting Investors (Participants) in Mumbai as per the details below.Date & Time Type of Interaction Type of Meeting19th June 2024 4 p.m. In Person Meeting ICICI Prudential Life and Axis CapitalDiscussions will be based on publicly available information.Kindly note that changes may happen due to exigencies on the part of Participants / Company.

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we are pleased to inform you that the Company has executed EPC Agreement with Serneke International Group AB, Sweeden, for the Project floated by Baran International Limited.

Equity markets await BJP's election outcome on June 4. GSK's Blenrep shows promise for multiple myeloma. NMDC reports 37% production fall in May.

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 we are pleased to inform you that the Company has emerged as Lowest Bidder for the Two Projects of Maharashtra State Road Development Corporation Ltd.The details of aforesaid projects as required under Regulation 30 of the SEBI (LODR) Regulations, 2015, read with the SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123, dated July 13, 2023, are enclosed as Annexure A.

In continuation to the disclosure made earlier today regarding Issuance of Commercial Papers, we wish to further update you that the Commercial Papers issued by the Company have been listed on BSE Limited w.e.f. May 30, 2024.

The Company has issued Commercial papers of Rs.50 Crore on May 29, 2024.

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the Transcript of Earnings Call held on May 23, 2024.

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we would like to inform you that CRISIL Ratings Limited (the Credit Rating Agency) has the Credit Ratings for both long-time and short-term debt of the Company.The CRISIL has updated the Credit Rating for both long-term and short-term debt of the Company as CRISIL AA-/ Negative (Outlook revised from Stable Rating Reaffirmed) and CRISIL A1+(Rating reaffirmed) respectively.

With reference to the captioned subject, please find enclosed Secretarial Compliance Report under regulation 24A of the SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024.

We have uploaded the Audio recording of the Result Update / Earnings Call held on May 23, 2024 in respect of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2024.

Among the sectors which have seen a strong re-rating in the last five years, probably infrastructure is amongst the top ones. Like many other sectors here also the re-rating has been largely due to policy push and government spending. If one looks at the performance of the companies in the last five years, there has been clearly strong growth across the board. So, policy continuity becomes critical for this sector and the stocks. The

Result update presentation for the audited standalone and consolidated financial results for the quarter and year ended March 31, 2024

Press Release

This is with reference to the regulation 33(3)(d) of the SEBI (LODR) Regulation 2015, as amended from time to time. We hereby declare that the statutory auditors of the Company, M/s S R B C & Co. LLP, CA, Mumbai, have issued the Audit Report dated May 22, 2024 with unmodified opinion on the SFS & CFS of the Company for FY 2023-24.

Kindly find attached Standalone & Consolidated financial Results for the quarter and year ended March 31, 2024

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, PFA the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2024

Pursuant to the Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be meeting Investors (Participants) as per the details below.Date & Time Name of Conference Venue28th May 20244:00 pm onwards Nirmal Bang Conference Taj Santacruz, Mumbai29th May 20242:00 pm onwards B&K Conference Grand Hyatt, MumbaiDiscussions will be based on publicly available information.Kindly note that changes may happen due to exigencies on the part of Participants / Company. This is for your information and records.

In continuation to announcement made on May 11, 2024, please find enclosed herewith the Invite of Earnings call - Q4 & FY2024 of the Company to be held on Thursday, May 23, 2024 at 02.30 p.m. IST. Further, for the benefit of investors and analysts using the DiamondPass� service and accessing link easi and easiest, the link provided as under: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=9498463&linkSecurityString=3aa9c2f5a2 Kindly take the matter on your record.