Ashiana Housing Announces Board Decisions, Releases Quarter Results, Confirms NCO Issue in Private Placement

Ashiana Housing Announces Board Decisions, Releases Quarter Results, Confirms NCO Issue in Private Placement​

Ashiana Housing Limited announced several key decisions following its Board meeting on August 11, 2026, including the approval of its unaudited financial results and strategic steps related to corporate financing.

The company approved the unaudited financial results, both standalone and consolidated, for the quarter ended June 30, 2026. These results were discussed and endorsed by the Board of Directors.

In a significant governance update, the Board decided to re-appoint Mr. Krishna Suraj Moraje as an Independent Director for a term of five years, pending shareholder approval at the upcoming Annual General Meeting (AGM). Additionally, the company approved increases in the remuneration of its senior leadership, including Managing Director Mr. Vishal Gupta, Joint Managing Director Mr. Ankur Gupta, and Whole Time Director Mr. Varun Gupta, subject to AGM ratification.

Financial Performance Snapshot​

The unaudited financial results for the quarter ending June 30, 2026, provided insights into various operational metrics across both standalone and consolidated entities.

Key indicators from the Unaudited Standalone Financial Results are presented below (in INR Lakhs):


The company’s financial health metrics as of June 30, 2026, included a Debt-equity ratio of 0.33 and an Interest service coverage ratio of 2.66 in the standalone results.

Corporate Financing and Debt Management​

Ashiana Housing Limited finalized the issuance of Non-Convertible Debentures (NCDs) through a Private Placement mechanism, approving the issue up to INR 50 crores. The company successfully issued and allotted 4,325 NCDs with a face value of INR 1 Lakh each, aggregating to INR 45,25,60,000. These debentures were earmarked for a new Senior Living Project in Vadgaon (Pune).

In terms of debt management, the company repaid a principal amount of INR 31.25 crores against Non-Convertible Debentures (Secured, Rated, Listed, Redeemable NCDs) to ICICI Prudential Savings Fund and ICICI Prudential Credit Risk Fund in May 2026.

The statutory auditors issued a certificate confirming the maintenance of security cover for the company’s debentures as at June 30, 2026, noting that the total amount of outstanding debentures stood at INR 287.50 Crores. The utilization statement confirmed that there was no deviation in the use of funds raised from the private placement of NCDs dated April 24, 2026.

The company also reported that it had not issued any preference shares and that all proceeds from Non-Convertible Debentures and Equity Shares were fully utilized for their stated objects with no variation.

ASHIANA Stock Price Movement​

Shares of Ashiana Housing Limited shed minor value today, closing at ₹381.3 after trading below its previous close. The stock saw a tight intraday range, fluctuating between a low of ₹377.1 and a high of ₹388.0 during the session.