Ashoka Buildcon Limited has announced the outcome of its Board of Directors meeting held on November 5, 2026. Key decisions included the approval of unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with an enhancement of its debt raising limit by up to ₹500 Crore through unsecured, Non-Convertible Debentures on a private placement basis. The company also approved a postal ballot notice for the divestment of its entire stake in a wholly owned subsidiary.
Ashoka Buildcon Board Approves Financial Results and Debt Raising Limit
The Board of Directors of Ashoka Buildcon Limited convened on Thursday, November 05, 2026, to discuss and approve key financial and strategic matters. The meeting, which commenced at 3:45 p.m. and concluded at 6:45 p.m., resulted in the approval of the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results, which have undergone a limited review, were recommended by the Audit Committee.
Significant Debt Raising Capacity Approved
In a significant move to strengthen its financial flexibility, the Board also approved an enhancement to the company’s limit for raising debt. The company can now raise funds up to ₹500 Crore by issuing unsecured, Non-Convertible Debentures (NCDs) on a private placement basis. This issuance will be within the overall borrowing limits previously approved by the shareholders.
Divestment of Subsidiary Stake Approved
Furthermore, the Board granted approval for a Postal Ballot Notice. This notice seeks shareholders’ approval for the divestment of the company’s entire stake held through its wholly owned subsidiaries in Jaora-Nayagaon Toll Road Company Private Limited. This subsidiary is classified as a material unlisted subsidiary.
Financial Highlights and Disclosures
The unaudited financial results, encompassing statements of Assets & Liabilities and Cash Flow, have been duly reviewed and recommended by the Audit Committee. The unaudited standalone and consolidated financial results will be made available on the company’s website, www.ashokabuildcon.com.
Independent Auditor’s Review
Independent auditor SRBC & Co LLP provided a review report on the quarterly and year-to-date unaudited standalone financial results. They stated that based on their review, nothing came to their attention that would suggest the statements are materially misstated. The report also highlighted an ongoing regulatory matter that is sub-judice before the CBI court in Bihar, noting that no adjustments have been made to the financial results pending the outcome.
Key Financial Statements Overview
The unaudited standalone financial results for the quarter and half-year ended September 30, 2026, show a Total Income of ₹1,35,623.86 Lakhs for the quarter and ₹2,67,668.08 Lakhs for the half-year. Total expenses for the quarter stood at ₹1,30,483.85 Lakhs, leading to a Profit after tax of ₹3,796.18 Lakhs for the quarter. For the half-year, total expenses were ₹2,58,232.39 Lakhs, with a Profit after tax of ₹6,949.87 Lakhs. The company’s Total Equity as of September 30, 2026, was ₹4,40,513.14 Lakhs.
The consolidated financial results for the same period indicate a Total Income of ₹1,60,921.35 Lakhs for the quarter and ₹3,14,293.06 Lakhs for the half-year. Total expenses for the quarter were ₹1,41,814.62 Lakhs, resulting in a Profit/(Loss) after tax of (₹11,896.30 Lakhs) for the quarter. For the half-year, total expenses were ₹2,77,900.06 Lakhs, with a Profit/(Loss) after tax of ₹820.94 Lakhs. Consolidated Total Equity as of September 30, 2026, was ₹6,59,166.58 Lakhs.
Source: BSE
