Date: 25th September 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Business Responsibility and Sustainability Report Disclosure

Ashiana Housing Ltd. submitted its standalone Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 to BSE and NSE. The report was previously submitted as part of the Annual Report on 07th September 2026.

Business Operations

  • Main business activity: Real estate activities with own or leased property (99.11% of turnover)
  • Primary products: Residential Flats/Units, Villas (99.11% of turnover)
  • Operations spread across 7 states: Haryana (4 locations), Rajasthan (11 locations), Jharkhand (3 locations), Maharashtra (3 locations), Tamil Nadu (4 locations), New Delhi (1 location), West Bengal (1 location)
  • No international operations or exports
  • Customer segments: End Users (self-use purpose) and Investors (asset creation + rent income)

Employee and Workforce Data

  • Permanent employees: 804 (686 male, 118 female)
  • Contractual workers: 4,585 (3,853 male, 732 female)
  • Employee turnover rate: 16.40% in FY 2025-26 (12.70% in FY 2024-25, 15.82% in FY 2023-24)
  • Board composition: 8 directors with 1 female (12.50% representation)
  • Key Management Personnel: Mr. Vishal Gupta (Managing Director), Mr. Ankur Gupta (Jt. Managing Director), Mr. Varun Gupta (Whole Time Director), Mr. Vikash Dugar (CFO), Mr. Nitin Sharma (Company Secretary)

Subsidiary Companies

  • Kairav Developers Ltd. (Joint Venture Company, 50% ownership)
  • Latest Developers Ltd. (Subsidiary Company, 100% ownership)
  • Topwell Projects Consultants Ltd. (Subsidiary Company, 100% ownership)
  • Nitya Care Homes Private Ltd. (Subsidiary Company, 100% ownership)

CSR Applicability

  • CSR applicable as per section 135 of Companies Act, 2013
  • Turnover: INR 1,04,173.73 Lakhs (FY 2026)
  • Net worth: INR 86,510 Lakhs (FY 2026)

Grievance Redressal (FY 2025-26)

  • Shareholders: 188 complaints filed, 12 pending resolution
  • Employees and workers: 1 complaint filed, nil pending
  • Customers: 559 complaints filed, 29 pending
  • Value chain partners: No formal mechanism

Material Responsible Business Conduct Issues

1. Economic Performance: Impact of macroeconomic factors, cyclical nature of business, capital intensive business

2. Statutory Approvals: Heavily regulated sector, multiple approvals required

3. Project Execution: Labor availability, raw material price fluctuations, regulatory clearance delays

4. Liquidity Risk: Time required to liquidate properties, slow sales, delayed payments

5. Positive Economic Indicators: Low housing loan rates, government support for affordable housing

6. Health and Safety: Maintaining safety standards, reduction in workplace injuries

7. Supply Chain Management: Maintaining good supplier relations for quality supplies

Principle-wise Performance Disclosures

Principle 1 (Ethics, Transparency, Accountability)
  • Paid INR 1,58,000 penalty to Office of Mines & Geology Department, Gurugram for mining activities
  • Accounts payable days: 79 days (FY 2025-26) vs 80 days (FY 2024-25)
  • Related party transactions: Purchases 0.80%, Investments 3.77%, Loans & advances 100%
Principle 2 (Sustainable Products/Services)
  • No Extended Producer Responsibility applicable
  • No Life Cycle Assessment conducted
Principle 3 (Employee Well-being)
  • 77.24% employees covered by health insurance
  • 100% maternity benefits for female employees
  • Retirement benefits: PF (81% employees, 31.10% workers), Gratuity (100% employees), ESI (11.70% employees)
  • Spending on well-being measures: 0.11% of total revenue
  • Training coverage: Health & Safety (18.28% employees, 100% workers), Skill Upgradation (64.68% employees, 21.46% workers)
  • Zero safety incidents, injuries, or fatalities
Principle 4 (Stakeholder Engagement)
  • Key stakeholder groups: Customers, Employees, Workers, Investors
  • Engagement channels: Newsletters, website, emails, community meetings, site visits
Principle 5 (Human Rights)
  • 100% employees received human rights training
  • Minimum wages paid to 100% employees and workers
  • Median remuneration: Board members INR 8,00,000, KMPs INR 5,55,16,978, other employees INR 4,91,922-6,14,928
  • Gross wages paid to females: 17.05% of total wages
  • 1 POSH complaint filed and upheld
Principle 6 (Environmental Protection)
  • Total energy consumption: 12,050,532,000,000 Joules (FY 2025-26)
  • Energy intensity: 1,146.43 Joules per rupee of turnover
  • Water consumption: 4,42,400 KL from third-party sources
  • Waste generated: Plastic 12.85 MT, Construction & Demolition 9,815 MT, Hazardous (used oil) 257 L
  • No sites under PAT Scheme
  • Compliant with environmental laws
Principle 7 (Public Policy)
  • Affiliated with CREDAI, CII, and CSDCI
  • No anti-competitive conduct issues
Principle 8 (Inclusive Growth)
  • 68.87% input material sourced from MSMEs/small producers
  • 100% materials sourced within India
  • Wage distribution: Urban 14.40%, Metropolitan 85.60%
  • No rehabilitation or resettlement projects
Principle 9 (Customer Responsibility)
  • 559 customer complaints received, 29 pending
  • No data breaches, product recalls, or safety issues
  • Customer satisfaction measured through 'Khusimeter' and 'Delight Meter' systems

Assurance and Compliance Note

The company does not fall under the top 500 listed entities by market capitalization as of 31st March 2026, therefore reasonable assurance of BRSR Core is not applicable for FY 2025-26 as per SEBI Circular dated 12th July 2023.