Ashoka Buildcon Limited has informed the Exchange about Intimation regarding allotment of shares under Rights issue to the Company by Viva Infrastructure Limited, a wholly owned subsidiary pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
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Ashoka Buildcon Limited has been allotted 40,02,250 equity shares of Rs.10 each, totalling Rs.4.00 crore, under a Rights Issue by its wholly owned subsidiary Viva Infrastructure Limited (VIL) on March 25, 2026. Post-allotment, Ashoka Buildcon holds 121,06,750 shares in VIL, which continues to remain a 100% subsidiary. VIL's audited FY24-25 figures show a turnover of Rs.872.21 lakh but a negative net worth of Rs.(9,606.89) lakh, indicating the subsidiary has been running on capital support from the parent. The consideration was entirely in cash. This is an internal group-level capital infusion with no change in the parent's ownership structure of the subsidiary.
This is a routine internal capital infusion into a wholly owned subsidiary and does not change Ashoka Buildcon's shareholding pattern, consolidated control, or minority shareholder economics. No material impact is expected on the stock price or shareholder value from this event alone.