Ashoka Buildcon Limited has informed the Exchange about Intimation regarding redemption of Non-Convertible Debentures (NCDs) Series III
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Ashoka Buildcon Limited has fully redeemed 10,000 Non-Convertible Debentures (NCDs) of Series III, each with a face value of Rs.1,00,000, aggregating to Rs.100 Crore. The redemption was completed on the due date of April 23, 2026, along with interest payment to debenture holders. The NCDs carried an interest rate of 8.75% per annum and were listed on the Wholesale Debt Segment of BSE Limited. This was a scheduled redemption as the NCDs reached their maturity date.
The timely full redemption of Rs.100 Crore NCDs demonstrates the company's ability to meet its debt obligations, which is a positive indicator for shareholders regarding the company's financial health and cash flow management.