Ashoka Buildcon Subsidiary Stake Diluted to 39.33%

Date: June 12, 2026

Subsidiary / Associate Update

Ashoka Purestudy Technologies Private Limited (APTPL), a subsidiary wherein Ashoka Buildcon Limited held 59% stake, has allotted 29,879 equity shares of ₹10 each, fully paid-up, at ₹10 per share on preferential allotment basis to a new investor on June 12, 2026.

Shareholding Change

Consequent to this preferential allotment:

• Company's stake in APTPL diluted from 59% to 39.33%
• APTPL ceased to be a subsidiary effective June 12, 2026
• APTPL now classified as an Associate Company
• New investor acquired 33.33% stake post-allotment

Transaction Details

• Preferential allotment was made to an independent third-party investor not related to the Company
• No special benefit accrues to promoters, promoter group or group companies
• No change in Ashoka Buildcon's own shareholding pattern

Financial Impact

• APTPL's financial statements will no longer be consolidated as a subsidiary
• Investment will be accounted for as an investment in an associate company under applicable IND AS
• No impact on the share capital of Ashoka Buildcon Limited

Rationale

The preferential allotment was undertaken by APTPL to raise growth capital for its business operations, expansion plans and general corporate purposes.