Ashoka Buildcon has received Completion Certificate w.e.f. 02 April 2024 for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (NHAI) vide letter issued by Independent Engineer on 04 April 2024 for the Project viz. `Eight Lane Vadodara Kim Expressway from Km 279.00 to Km 292.00 (Ankleshwar to Manubar Section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP Phase - VI on Hybrid Annuity Mode (Phase IA-Package IV)` (Project). The Company also announced that the said SPV has received a Completion Certificate for completion of 11.25 KMs out of total Project stretch of 13.00 KMs and balance 1.75 KM have been de-scoped by NHAI. The Project is executed by Ashoka Ankleshwar Manubar Expressway (SPV), a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the company. The SPV has been receiving Annuity amount for 11.25 KMs from NHAI already. Powered by Capital Market - Live News

Ashoka Buildcon has acquired 4,91,39,970 equity shares of Rs.10/- each fully paid-up, from GVR Infra Projects held in GVR Ashoka Chennai ORR (CORR), an Associate Company, out of total 9,45,00,000 equity shares to be acquired. CORR has become subsidiary of the Company post acquisition of these shares.Powered by Capital Market - Live News

Ashoka Buildcon has entered into a share purchase agreement (SPA) with GVR Infra Projects (GIPL) and GVR Ashoka Chennai ORR (CORR) for the acquisition of 9,45,00,000 equity shares held by GIPL in CORR, constituting 50% of the share capital of CORR, for a consideration of Rs.185 crore subject to terms as agreed under the Share Purchase Agreement (SPA). Post-acquisition of 50% equity shares held by GIPL, CORR would become wholly-owned subsidiary of the Company with effect from the date of acquisition of all 9,45,00,000 equity shares.Powered by Capital Market - Live News

Net profit of Ashoka Buildcon declined 21.16% to Rs 107.30 crore in the quarter ended December 2023 as against Rs 136.10 crore during the previous quarter ended December 2022. Sales rose 35.86% to Rs 2657.12 crore in the quarter ended December 2023 as against Rs 1955.82 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales2657.121955.82 36 OPM %22.1125.03 - PBDT292.06240.25 22 PBT188.88152.29 24 NP107.30136.10 -21 Powered by Capital Market - Live News

Ashoka Buildcon has appointed Mario Nazareth (DIN: 00013337) and Nikhilesh Panchal (DIN:00041080) as Additional Directors with effect from 07 February 2024. Powered by Capital Market - Live News