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ASHOKA BUILDCON LTD. - 533271 - Updates On Share Purchase Agreement With Galaxy

 The Company's material subsidiary viz. Ashoka Concessions Limited (ACL) and Galaxy Investments II Pte. Ltd., an affiliate of funds, vehicles and entities managed and/or advised by Kohlberg Kravis Roberts & Co. L.P. (KKR) had executed Share Subscription and Purchase Agreements on 24th December 2021 ('SPA') for sale of 5 BOT toll projects namely Ashoka Highways (Bhandara) Ltd, Ashoka Highways (Durg) Ltd, Ashoka Belgaum Dharwad Tollway Ltd, Ashoka Sambalpur Baragarh Tollway Ltd and Ashoka Dhankuni Kharagpur Tollway Ltd. The Company hereby updates that ACL and KKR has mutually decided not to pursue said transaction and the SPA stands terminated. The Company remains committed to the interests of various stakeholders. Further, the Company will, as required under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, continue to promptly inform the exchanges of all material events / information / actions at appropriate time.
20-05-2023
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ASHOKA BUILDCON LTD. - 533271 - Board Meeting Intimation for Notice Of Board Meeting - Regulations 29 & 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 [SEBI (LODR) Regulations, 2015]

 ASHOKA BUILDCON LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/05/2023 ,inter alia, to consider and approve and take on record the audited standalone and consolidated financial results of the Company for the quarter and year ended March 31, 2023. Please note that Trading Window for all the Insiders is closed from April 01, 2023 till 48 hours after the disclosure of financial results to the Exchanges.
15-05-2023
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ASHOKA BUILDCON LTD. - 533271 - Withdrawal Of Letter Of Award (Loa) By NHAI

 In continuation to the Announcement dated January 25, 2023, Ashoka Buildcon Limited informs that with reference to the Project viz. 'Request for proposal for Construction of Four Lane Elevated Corridor and at-grade improvements from Design Ch:0+000 to Design Ch: 19+870 of Danapur - Bihta Section with providing connectivity to the existing RoB near Danapur station (0.231 km), 1.35 Km ramps & at-grade improvements to Four lane section on Danapur side and Upgradation of existing Two lane carriageway to Four Lane carriageway from Design Ch:19+870 to Design Ch:23+500 of Bihta - Koilwar section (Total Length 25.081 Kms) in the state of Bihar on EPC Mode ('Project')', NHAI vide its letter dated May 01, 2023, has withdrawn the LoA since the Company was debarred by NHAI and hence Contract could not be signed.
02-05-2023

EAM Jaishankar visits Indian infra company's road project site in Guyana

 External Affairs Minister S Jaishankar, who is on his first official trip to Guyana, visited the site of the ongoing East Bank-East Coast Road Linkage project along with Guyana's minister of public works Deodat Indar. Indian infrastructure company Ashoka Buildcon Limited is developing the East Bank-East Coast Road Linkage Project. Ashoka Buildcon in a statement said Jaishankar during his visit interacted with the workers and the senior staff including those of the company. "Delivered by India is a growing global infra reality. Paid a site visit to the East Bank-East Coast Road Linkage Project along with Minister of Public Works Deodat Indar. "Interacted with workers and senior staff. Impressed by their enthusiasm," he said in a tweet. East Bank-East Coast Road Linkage project is located in Georgetown, which is the capital of Guyana, in South America. According to the company statement, the new road link will serve as a corridor for communities on the East Bank. It will also prov
24-04-2023
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ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Resignation of Director

 This is to inform you that Mr. Milap Raj Bhansali (DIN 00181897), a Whole-time Director of the Company, has resigned due to his personal health reasons, effective April 12, 2023. The copy of Resignation letter enclosed. As per the requirement of Regulation 30 read with Schedule III, Para A, Clause (78) of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015, the Company has received confirmation from Mr. Milap Raj Bhansali vide his letter dated April 12, 2023 regarding there being no material reasons, other than those mentioned by him in the resignation letter as a Whole-time Director from the Board of Directors of the Company including the Committees thereof. The details required under the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed as Annexure - 1.
13-04-2023
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ASHOKA BUILDCON LTD. - 533271 - Compliance As Per Regulation 40 (9) Of The SEBI (LODR) Regulations, 2015

 Please find enclosed herewith certificate required as per Regulation 40 (9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the year ended on March 31, 2023. Please take the matter on your record.
11-04-2023

Ashoka Buildcon Q4 PAT may dip 28.4% YoY to Rs. 134.6 cr: Nirmal Bang

 Net Sales are expected to increase by 0.5 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 1,567.6 crore, according to Nirmal Bang.
11-04-2023
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ASHOKA BUILDCON LTD. - 533271 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

 Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyASHOKA BUILDCON LTD. 2CIN NO.L45200MH1993PLC071970 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY AA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ACUITE RATINGS & RESEARCH LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: MANOJ A KULKARNI Designation: COMPANY SECRETARY EmailId: [email protected] Name of the Chief Financial Officer: PARESH C MEHTA Designation: CFO EmailId: [email protected] Date: 07/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
07-04-2023
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ASHOKA BUILDCON LTD. - 533271 - Receipt Of Letters Of Award (Loa)

 Ashoka Buildcon Limited ('the Company') informs that the Company has received Letters of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 'Development of Distribution Infrastructure at the following Circles in the state of Maharashtra' ('Project'). Sr. No. Name of Circle Amount Rs. (In Crore) 1 Latur Circle Latur Zone 412.05 2 Washim Circle Akola Zone 265.84 3 Nanded Circle Nanded Zone 409.92 4 Gadchiroli O&M Circle Chandrapur Zone 395.80 5 Parbhani Circle Nanded Zone 265.11 6 Malegaon Circle Nashik Zone 210.91 7 Nashik Urban Circle Nashik Zone 325.39 Total 2,285.02 The accepted Contract Value in aggregate for all above Projects is Rs.2,285.02 Crore. This announcement is made pursuant to the Regulation 30 of SEBI (LODR) 2015.
06-04-2023
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ASHOKA BUILDCON LTD. - 533271 - Compliance Certificate - Regulation 7(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Period From April 01, 2022 To March 31, 2023

 As per Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that activities in relation to both physical and electronic share transfer facility for the period from April 01, 2022 to March 31, 2023 (both days inclusive) are maintained by the Company's Registrar and Share Transfer Agent viz. Link Intime India Private Limited, registered as the Registrar & Share Transfer Agent in Category-I with the Securities and Exchange Board of India vide Registration Number : INR000004058.
05-04-2023
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