Board Meeting Details

The Board of Directors meeting was held on 11th August 2026, commencing at 10:30 AM and concluding at 6:10 PM.

Key Decisions Approved

1. Financial Results Approval

The Board considered, discussed, and approved:

  • Unaudited financial results (standalone and consolidated) for quarter ended 30th June 2026
  • Limited Review Report and other annexures
  • Results will be published in newspapers as per Regulation 47 and uploaded on company website www.ashianahousing.com

2. Director Re-appointment

  • Mr. Krishna Suraj Moraje (DIN: 08594844) re-appointed as Independent Director for five years
  • Subject to shareholder approval in ensuing Annual General Meeting (AGM)
  • No change in constitution of statutory committees

3. Fund Raising

  • Approved issue of Unsecured Non-Convertible Debentures/Bonds on private placement basis up to ₹50 crores

4. Remuneration Increase

  • Approved increase in remuneration for:
  • Mr. Vishal Gupta - Managing Director (DIN: 00097939)
  • Mr. Ankur Gupta - Joint Managing Director (DIN: 00059884)
  • Mr. Varun Gupta - Whole Time Director (DIN: 01666653)
  • Subject to shareholder approval in ensuing AGM

Financial Results Summary (Standalone)

Income Statement (₹ in Lakhs)

  • Income from Operations: ₹8,348 (Q1 FY27) vs ₹27,300 (Q1 FY26)
  • Other Income: ₹4,106 (Q1 FY27) vs ₹915 (Q1 FY26)
  • Total Income: ₹9,469 (Q1 FY27) vs ₹28,284 (Q1 FY26)
  • Project Expenses: ₹16,288 (Q1 FY27) vs ₹14,567 (Q1 FY26)
  • Land Purchases: ₹23,543 (Q1 FY27) vs ₹5,428 (Q1 FY26)
  • Change in Inventories: (₹36,125) (Q1 FY27) vs ₹2,277 (Q1 FY26)
  • Employee Benefits: ₹1,326 (Q1 FY27) vs ₹1,486 (Q1 FY26)
  • Finance Costs: ₹27 (Q1 FY27) vs ₹46 (Q1 FY26)
  • Profit Before Tax: ₹1,644 (Q1 FY27) vs ₹1,774 (Q1 FY26)
  • Tax Expense: ₹334 (Q1 FY27)
  • Net Profit: ₹1,316 (Q1 FY27) vs ₹1,319 (Q1 FY26)
  • Earnings Per Share (Basic): ₹1.34 (Q1 FY27) vs ₹1.30 (Q1 FY26)

Key Ratios (Standalone)

  • Security Cover: 4.41x (30.06.2026) vs 3.52x (31.03.2026)
  • Debt-Equity Ratio: 0.33 (30.06.2026) vs 0.35 (31.03.2026)
  • Debt Service Coverage Ratio: 0.62 (30.06.2026) vs 0.78 (31.03.2026)
  • Interest Service Coverage Ratio: 2.66 (30.06.2026) vs 3.29 (31.03.2026)
  • Current Ratio: 1.31 (30.06.2026) vs 1.33 (31.03.2026)
  • Operating Margin: 27.77% (30.06.2026) vs 13.63% (31.03.2026)
  • Net Profit Margin: 13.83% (30.06.2026) vs 6.95% (31.03.2026)

Financial Results Summary (Consolidated)

Income Statement (₹ in Lakhs)

  • Net Sales/Income from Operations: ₹10,745 (Q1 FY27) vs ₹29,281 (Q1 FY26)
  • Other Income: ₹4,231 (Q1 FY27) vs ₹995 (Q1 FY26)
  • Total Income: ₹11,976 (Q1 FY27) vs ₹30,272 (Q1 FY26)
  • Project Expenses: ₹17,846 (Q1 FY27) vs ₹15,857 (Q1 FY26)
  • Land Purchases: ₹23,543 (Q1 FY27) vs ₹5,428 (Q1 FY26)
  • Change in Inventories: (₹35,125) (Q1 FY27) vs ₹2,277 (Q1 FY26)
  • Employee Benefits: ₹2,018 (Q1 FY27) vs ₹2,084 (Q1 FY26)
  • Finance Costs: ₹27 (Q1 FY27) vs ₹46 (Q1 FY26)
  • Profit Before Tax: ₹1,630 (Q1 FY27) vs ₹1,805 (Q1 FY26)
  • Tax Expense: ₹320 (Q1 FY27) vs ₹532 (Q1 FY26)
  • Net Profit: ₹1,311 (Q1 FY27) vs ₹1,272 (Q1 FY26)
  • Earnings Per Share (Basic): ₹1.36 (Q1 FY27) vs ₹1.31 (Q1 FY26)

Key Ratios (Consolidated)

  • Security Cover: 4.31x (30.06.2026) vs 4.11x (31.03.2026)
  • Debt-Equity Ratio: 0.33 (30.06.2026) vs 0.36 (31.03.2026)
  • Debt Service Coverage Ratio: 0.62 (30.06.2026) vs 0.76 (31.03.2026)
  • Interest Service Coverage Ratio: 2.65 (30.06.2026) vs 3.22 (31.03.2026)
  • Current Ratio: 1.34 (30.06.2026) vs 1.33 (31.03.2026)
  • Operating Margin: 24.87% (30.06.2026) vs 42.42% (31.03.2026)
  • Net Profit Margin: 10.94% (30.06.2026) vs 6.26% (31.03.2026)

Entities Included in Consolidation

Subsidiaries:

  • Topwell Projects Consultants Limited
  • Latest Developers Advisory Limited
  • Ashiana Maintenance Services LLP
  • Ashiana Amar Developers
  • Nitya Care Homes Private Limited

Jointly Controlled Entities:

  • Kairav Developers Limited
  • Ashiana Greenwood Developers
  • Vista Housing
  • Megha Colonizers
  • Ashiana Manglam Builders

NCD Details and Security Cover

Outstanding NCDs as of 30th June 2026:

  • Total Outstanding: ₹287.50 crores across 6 series
  • Secured NCDs: ₹93.75 crores (INE365D07085)
  • Unsecured NCDs: ₹193.75 crores

Security Cover Certificate:

  • Company maintained adequate security cover as per Debenture Trust Deed requirements
  • Secured NCDs (Series AHL 9.95%-14-5-29-PVT) secured by:
  • Mortgage on unsold units of 'Ashiana Town' and 'Ashiana Advik Phase 1 & 2' projects at Bhiwadi, Rajasthan
  • Hypothecation of cash flows/receivables from multiple projects including Ashiana Town, Ashiana Advik, Ashiana Amol, and ONE4 projects
  • Auditor confirmed compliance with all covenants and maintenance of required security cover

Dividend Information:

  • Board recommended final dividend of ₹1.56 per equity share (78% on face value of ₹2/-) for FY 2025-26
  • To be distributed post shareholder approval in AGM scheduled for September 2026

NCD Redemption:

  • During Q1 FY27, company redeemed principal amount of ₹31.25 crores out of ₹125 crores of Non-Convertible Debentures (ISIN INE365D07085)
  • Redeemed from ICICI Prudential Regular Savings Fund and ICICI Prudential Credit Risk Fund in May 2026

Investor Complaints:

  • 69 complaints received during quarter (including 42 pending from previous quarter)
  • 52 complaints resolved during quarter
  • 19 complaints pending at quarter end, all resolved as on date

Utilization of Issue Proceeds:

  • No deviation/variation in use of funds raised through NCDs
  • All proceeds utilized for stated objects in offer documents

Default Status:

  • No outstanding defaults on loans or debt securities as of 30th June 2026
  • Total financial indebtedness: ₹317.18 crores

Documents Submitted:

  • Unaudited Financial Results (Standalone and Consolidated)
  • Limited Review Report
  • Security Cover Certificate under Regulation 54(3)
  • Statement of deviation(s)/variation(s) under Regulation 32
  • Statement of utilization of NCD issue proceeds under Regulation 52(7) & 52(7A)
  • Declaration on Outstanding Default on Loans and Debt Securities

Accounting Standards:

  • Financial results prepared in accordance with Indian Accounting Standards (IND AS)
  • Revenue recognition for real estate projects as per IND AS 115
  • Method: Revenue recognized upon transfer of control to customer (possession or letter of offer of possession)

Review Conducted by:

  • B. Chhawchharia & Co., Chartered Accountants (Firm Registration No: 305123E)
  • Abhishek Gupta, Partner (Membership No.: 529082)
  • Review conducted in accordance with Standard on Review Engagement (SRE) 2410
  • Unmodified opinion expressed on financial results

Head Office:

304, Southern Park, Saket District Centre, Saket, New Delhi - 110 017

Contact:

CIN:

L70109WB1986PLC040864

#Tags: #AshianaHousing #Q1Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral