Ashiana Housing Ltd

AGM Details

• AGM conducted in Sep 2026 via Video Conference, held for the year.
• Remote e-voting enabled prior to and during the AGM; voting open until shortly after conclusion.

Ordinary resolutions

• Adopt audited standalone and consolidated financial statements and Board report.
• Declare final dividend per equity share.
• Confirm payment of interim dividend per equity share.
• Re-appoint director retiring by rotation (eligible for re-appointment).
• Appoint Secretarial Auditors.

Special resolutions

• Increase remuneration of the Managing Director.
• Increase remuneration of the Joint Managing Director.
• Increase remuneration of the Whole-Time Director.
• Re-appoint Independent Director and approve remuneration.
• Provide security against loan and issue of secured non-convertible debentures/bonds on a private placement basis.

Voting results

• All ordinary resolutions passed with requisite majority; no adverse dissent reported.
• All special resolutions passed with requisite majority; promoter group and public votes indicated strong support.

Dividends

• Final dividend approved; interim dividend approved for payment during the year.

Directors & auditors

• Director retiring by rotation re-appointed; Independent Director appointed with remuneration.
• Secretarial Auditor appointed; Cost Auditor remuneration ratified.

Related party transactions & other approvals

• No material related party transactions disclosed in the report.
• Material debt financing approval granted (security against loan and private placement of secured NCDs).

Auditor Appointment

• AGM approved Anjali Yadav & Associates as Secretarial Auditor for FY 2026-27 to 2030-31.
• Term: five financial years; appointment effective 29 September 2026.

Independent Director – Re-appointment

• Krishna Suraj Moraje re-appointed independent director for 5-year term from 29 Sep 2026 AGM.
• Profile: Founder of Eka Fellowship; former Quess CEO; McKinsey veteran.
• Not related to any existing directors.
• Not debarred by SEBI or NSE authorities.

Secretarial Auditor Appointment

• Appointment of Anjali Yadav & Associates as Secretarial Auditor for FY 2026-27 to 2030-31.
• Effective date: 29 September 2026; term: five financial years (FY 2026-27 to 2030-31).
• Reason: to undertake Secretarial Audit under Regulation 24A of SEBI LODR.
• Profile: Ms. Anjali Yadav is a fellow ICSI member, founder, with 24 years' Secretarial and Legal experience.
• Approval: Appointment approved by shareholders at AGM on 29 September 2026.
• Disclosure of relationships with other directors: Not Applicable.

Independent Director Re-appointment

• Re-appointment of Krishna Suraj Moraje as Independent Director for five years.
• Term from 29 September 2026 AGM to the 45th AGM, or earlier.
• Moraje meets independence criteria and is not debarred from directorship.
• Brief profile: Founder of Eka Fellowship and Beyond Trees; ex-CEO of Quess Corp; McKinsey veteran.
• Not related to any existing directors.
• Reason for change: re-appointment.
• Impact on board/committees: no stated changes to composition.

Key AGM resolutions

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Adopt Board of Directors' Report and Auditors' Report for FY2025-26.
• Approve interim dividend of INR 1 per equity share (50%).
• Reappoint Ankur Gupta as director, retires by rotation; eligible for re-appointment.
• Increase remuneration of Vishal Gupta, Managing Director.
• Increase remuneration of Ankur Gupta, Joint Managing Director.
• Increase remuneration of Varun Gupta, Whole-Time Director.
• Re-appoint Krishna Suraj Moraje as Independent Director; approve remuneration.
• Provide security against loan including private placement of secured non-convertible debentures.
• Appoint Anjali Yadav & Associates as Secretarial Auditors.
• Ratify remuneration of Cost Auditors.

AGM details

• 40th AGM held on 29 September 2026 via Video Conference from 11:30 AM to 12:10 PM.

Filing context

• BRSR for FY2025-26 filed with BSE/NSE; earlier Annual Report submission dated 07 Sep 2026.

Key metrics & corporate structure

• CSR turnover FY26: INR 104,173.73 Lakhs; net worth INR 86,510 Lakhs.
• Total energy consumption FY26: 12,050,532,000,000 J; energy intensity 1146.43 per turnover.
• Water withdrawals: 442,400 KL; groundwater not used.
• Waste FY26: Construction Demolition 9,815 MT; Plastic 12.85 MT; Used oil 257 L.
• Board: 8 Directors; 1 female (12.5%).
• JV/Subsidiaries: Kairav 50% JV; Latest Developers Ltd; Topwell Projects Consultants Ltd; Nitya Care Homes Pvt Ltd.
• MSME procurement: 68.87% inputs from MSMEs; 100% inputs from within India.

Governance & risk highlights

• ZLD: STP on-site; water reused; no formal ZLD mechanism.
• Safety: 43 safety audits; LTIFR 0; 0 fatalities; 1 POSH complaint; Safety Officer appointed.

Overview

• Standalone BRSR for FY2025-26 by Ashiana Housing, a real estate developer.
• Residential real estate accounts for 99.11% of turnover.
• Operations span 9 Indian states; corporate office in Delhi; registered office in Kolkata.
• Reporting boundary is standalone; assurance not applicable.
• Senior living projects pursued in Chennai, Pune, and Bhiwadi.

Key ESG Risks & Opportunities

• Liquidity risk from slow sales; mitigated by cash flow forecasting and strong balance sheet.
• Regulatory approvals risk; mitigated by diligent land acquisition and joint developments.
• Labour and utilities risk affecting project execution; mitigated via SOPs and audits.
• Macroeconomic factors; mitigated by asset-light model and long-term investor partnerships.
• Opportunities include low housing loan rates and government affordable housing support.
• Asset-light JDAs and investor partnerships may lower capital needs.
• Strong supplier relationships support sustainable supply chain.

Governance & Policy Highlights

• Board oversight integrates ESG; no dedicated sustainability committee.
• Committees include Audit, Nominations & Remuneration, CSR; SOPs guide sustainability.
• Vigil mechanism and Code of Conduct; anti-corruption covenants in appointment letters.
• POSH ICC and whistleblower mechanisms handle HR-related complaints.
• Penalty: INR 1,58,000 by Mining Department; no appeal filed; penalty paid.
• BRSR Core assurance not applicable; no external assurance.

Social Responsibility & Workforce

• Total workforce: 804 permanent; 4,585 contract workers.
• Permanent gender: 85.32% male, 14.68% female; workers 84.03% male, 15.96% female.
• Health, accident insurance; on-site paramedics; creche facilities at sites.
• Well-being cost: 0.11% of total revenue.
• Maternity return-to-work rate: 100%.
• PF coverage ~81%; gratuity 100%; ESI 11.7%.
• 34 structured trainings; average learner NPS 93%.
• 43 safety audits; accident-free days rising; updated Safety SOP.
• CSR via Ashiana Foundation focuses on education, skill development, women empowerment.

Environmental Performance

• Total energy consumption: 12.05 trillion J; energy intensity 1146.43 per turnover.
• Water withdrawal: 442,400 KL; groundwater not used for construction; third-party water 442,400 KL.
• Water intensity: 0.00004209 per rupee turnover.
• Zero Liquid Discharge claimed via on-site STP; treated water reused.
• DG set emissions; no external GHG data or assessments reported.
• Plastic waste 12.85 MT; C&D waste 9,815 MT; used oil 257 L; 9,815 MT recovered.
• No PAT designated sites; ECs in progress or under revision; no external environmental evaluations cited.

Stakeholder Engagement & Complaints

• Stakeholders: customers, employees, workers, investors; channels include newsletters and meetings.
• Engagement frequency: customers quarterly; employees monthly/quarterly; investors annual/quarterly.
• Shareholders complaints: 188 filed; 12 pending; all closed.
• Employees/Workers complaints: 1 POSH; 0 pending; 0 other issues.
• Customers complaints: 559 filed; 29 pending.
• CSR/ESMS facilitates project-level grievance redressal.

Other Notable Metrics

• MSME input materials constitute 68.87%; 100% sourced from India.
• Related party transactions: purchases 0.8%; loans 100%; investments 3.77%.
• Affiliations: CREDAI, CII, CSDCI.
• RERA disclosures displayed on state portals; no product recalls; no data breaches.
• Privacy policy available at ashianahousing.com/privacy-policy.