Ashoka Buildcon Limited (ASHOKA) — Announcement

1 Announcement 🔴 High Importance Neutral 📄 PDF

📢 Key Event
CRISIL withdraws Ashoka Buildcon's credit ratings

💡 Investor Takeaway
Shareholders should note that the withdrawn ratings no longer reflect current credit standing.

Ashoka Buildcon Limited announced that CRISIL has withdrawn its long-term and short-term credit ratings, which were previously reaffirmed as CRISIL AA-/Negative and A1+ respectively. The withdrawal follows the company's request and aligns with CRISIL's rating withdrawal policy, though existing ratings by other agencies remain unaffected.

2 Announcement Neutral 📄 PDF

📢 Key Event
Company received Letter of Acceptance for Gems and Jewellery Park project

💡 Investor Takeaway
This award adds a new revenue stream through a premium payment and long-term lease revenue.

Ashoka Buildcon announced it received a Letter of Acceptance from Chhattisgarh State Industrial Development Corporation for a public-private partnership project to develop a Gems and Jewellery Park in Raipur. The accepted premium is Rs.112.40 Crore with a 30-year lease term extendable to 90 years and a 5-year construction period. The trading window for designated persons remains closed for 48 hours post-announcement.

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