Ashoka Buildcon Limited has informed the Exchange about Intimation regarding allotment of shares under Rights issue to the Company by Ashoka Infrastructure Limited, a wholly owned subsidiary pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
ASHOKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ashoka Buildcon Limited has been allotted 66,50,000 equity shares of Rs.10 each (totalling Rs.6.65 Crore) under a Rights Issue by its wholly owned subsidiary, Ashoka Infrastructure Limited (AIL), on March 30, 2026. After this allotment, Ashoka Buildcon's holding in AIL stands at 3,30,50,000 shares, and AIL continues to remain a 100% subsidiary. AIL operates in the infrastructure sector (roads, bridges, BOT/BOLT/BOOT projects) and reported a turnover of Rs.13.81 crore with a negative net worth of Rs.50.01 crore in FY25. The consideration was paid in cash, and no regulatory approvals were required for this transaction.
This is an internal capital infusion into a wholly owned subsidiary and does not change the consolidated position of Ashoka Buildcon for its shareholders. The subsidiary's negative net worth and low turnover suggest it may need further support, but the amount (Rs.6.65 Crore) is small relative to the parent's size, so the direct impact on Ashoka Buildcon's stock is likely minimal.