Ashoka Buildcon Limited has strengthened its investment in its wholly owned subsidiary, Ashoka Baswantpur Singnodi Road Private Limited (ABSRPL). On April 29, 2026, ABSRPL allotted 1,45,20,000 equity shares to the parent company at a cost of Rs. 14.52 crore. This strategic move ensures the subsidiary continues to operate as a fully owned unit, supporting the execution of its infrastructure projects in the road and power sectors.
Strategic Share Allotment
Ashoka Buildcon Limited (the “Company”) has successfully increased its equity stake in its subsidiary, ABSRPL, through a recent Rights Issue. On April 29, 2026, the subsidiary allotted 1,45,20,000 equity shares, each with a face value of Rs. 10, to the parent company. This transaction, valued at Rs. 14.52 crore, was completed as a cash consideration, confirming the parent’s continued commitment to the entity’s growth.
About the Subsidiary
ABSRPL serves as a specialized Special Purpose Vehicle (SPV) established to manage the development of a 6-lane Access Controlled Greenfield highway. This project, which spans from Baswantpur to Singnodi (NH 150 C), is being executed under the Hybrid Annuity Mode (HAM). The project was awarded by the National Highways Authority of India as part of the Bharatmala Pariyojana, highlighting the subsidiary’s critical role in the company’s broader infrastructure portfolio.
Financial Performance Overview
ABSRPL continues to show significant operational scale within the infrastructure sector. The entity reported a turnover of Rs. 17,123.43 lakh and a net worth of Rs. 13,554.15 lakh for the financial year 2024-25. With this fresh allotment of shares, Ashoka Buildcon maintains its position as the sole owner of the SPV, ensuring full control and continued value creation for its infrastructure initiatives.
Source: BSE
