Ashiana Housing Ltd

NCD interest and partial redemption

• Partial redemption and interest payment on NCDs INE365D08026 (Series 8%AHL 2041) on 24 Aug 2026.
• Total amount paid to International Finance Corporation on payment date: INR 3.00 crore.
• Interest paid: INR 65,93,416; redemption premium: INR 1,75,54,938.
• Partial redemption by face value; outstanding amount after payment: INR 60.08 crores.
• Interest payment due date was 24 Aug 2026; actual payment date 24 Aug 2026.
• Record date for interest: 07 Aug 2026.
• NCDs listed on BSE; ISIN INE365D08026; Debenture Series 8%AHL 2041.

Meeting Details

• Organiser: Ashiana Housing Ltd.; Analyst / Institutional Investor Meeting; 25 Aug 2026, 10:00 AM–05:00 PM, Mumbai.
• Non-Deal Roadshow: 25 Aug 2026, 10:00 AM–05:00 PM; Maharashtra; Conference; Mode: Meeting.

Participants

• Key company participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: Analyst / Institutional Investor Meeting and Non-Deal Roadshow.

Additional Notes

• Meeting subject to change due to business exigencies.

Financial Performance

• Revenue from operations: INR107 crores in Q1 FY27 (vs INR293 crores Q1 FY26).
• Bookings: INR358 crores; 3.6 lakh sq ft sold across 234 units.
• Collections: INR409 crores; up 6% YoY.
• Average realization: INR9,923 per sq ft; +37% YoY.
• Operating cash flow: INR121 crores in the quarter.
• NCD redemption: INR31.25 crores (25% of original issue) redeemed.
• Handover: Phase 1 of Ashiana Nitara, Jaipur, commenced.
• July update: Ashiana Oma launched; full-year sales reached INR859 crores.
• H1 FY27 sales exit target: INR1,050-1,100 crores.

Projects and Capex

• Vadgaon, Pune: 28.55 acres; saleable ~20 lakh sq ft; potential value ~INR1,800 crores.
• Phase 1 handover of Ashiana Nitara Jaipur commenced.
• Aaroham Gurugram Phase 3 launch: expected in Q3 or Q4 FY27.
• Capex plan: deploy INR800 crores in the current year; INR180 crores deployed last quarter.
• Vadgaon funding: landlords financed NCDs; partial revenue share; Ashiana to hold full land title.
• IFC: no active agreement; open to future deals.

Liquidity and Cash Flow

• Operating cash flow: INR121 crores; reflects healthy collections and disciplined working capital.
• Dividends: management indicated dividends will remain limited; capital to be reinvested.

Q&A Highlights

• Q1 presales soft; launches lined up in Q4; H2 to drive bookings.
• FY27 presales target: INR2,200 crores; H1 exit around INR1,050-1,100 crores.
• Senior Living: ROE trajectory targeted; aiming for 15% floor ROE long term.
• Bengaluru CPs: definitive documentation expected sooner; Kanakapura Road progress.
• Vadgaon: 18 months to launch; 2 lakh sq ft/year absorption; INR1,800-2,000 crores revenue.
• IFC partnership discussions continue; no active agreements currently; open to future deals.

Guidance and Outlook

• FY27 revenue guidance: around INR2,000 crores.
• FY27 presales target: INR2,200 crores.
• H1 presales exit target: INR1,050-1,100 crores.

NCD interest payment details

• Interest payment on ISIN INE365D07085 paid on 12 Aug 2026.
• Paid to ICICI Prudential Regular Savings Fund and ICICI Prudential Credit Risk Fund.
• Debenture series: AHL-9.95%-11-5-29-PVT; issue size INR 125 Crores across 12,500 NCDs.
• Interest amount paid: INR 23,511,986.
• Record date: 28 July 2026; due date: 13 Aug 2026.
• Actual payment date: 12 Aug 2026.
• Outstanding amount: INR 93.75 Crore; INR 75,000 per NCD.
• Last interest payment: 12 May 2026.
• Redemption status: Not Applicable; maturity 13 May 2026, paid 12 May 2026.

Meeting Details

• Date: 12 August 2026; time not disclosed.
• Type/Mode: conference call; audio recording released.
• Event: Analyst/Investor Meet conducted by Ashiana Housing Ltd.
• Key participants: Company Secretary & Compliance Officer.
• Purpose: discuss performance for quarter ended 30 June 2026.
• Recording available on ashianahousing.com and the company site.

Business Overview

• Ashiana Housing is a residential real estate developer with Senior Living, Kid Centric, Premium, and Elite Homes.
• Asset-light, integrated land, development, construction, and community management model.
• Strategic focus on expanding Senior Living ecosystem across key markets.

Operational Highlights

• Q1 FY27 revenue Rs 107.4 Cr; YoY down 63%.
• PAT Rs 13.11 Cr; margin 10.94%.
• EBITDA Rs 7.54 Cr; EBITDA margin 7.02%.
• Raised Rs 43.25 Cr via unsecured NCDs for Vadgaon Pune project.
• Redeemed Rs 31.25 Cr ICICI Prudential NCDs; remaining Rs 93.75 Cr due over 3 years.
• Land acquisition: 28.55 acres at Vadgaon, Pune; saleable area ~20 Lakh sq ft; potential value ~Rs 1,800 Cr.
• Handover commenced Phase-1 of Ashiana Nitara, Jaipur.
• Area booked Q1 FY27 Rs 358 Cr; 234 units booked.
• Ongoing projects total value Rs 7,681.77 Cr; Grand booked area 90.48 Lakh sq ft; Booking value Rs 6,183.82 Cr.
• Senior Living & Kid Centric pipeline Rs 1,559.54 Cr; Premium & Elite Rs 2,253.88 Cr.
• Nitara Phase 1 & Plaza delivered earlier than expected in Q1 FY27.
• Completed inventory: total saleable area 32.95 Lakh; balance inventory 1.70 Lakh sq ft.

Financial Performance

• Q1 FY27 consolidated revenue 107.44 Cr; -63% YoY; -67% QoQ.
• PAT 13.11 Cr; PAT margin 10.94%.
• Pre-Tax Operating Cashflow Rs 121 Cr in Q1 FY27.
• Diluted EPS 1.36; YoY 3% increase.
• FY26 EBITDA margin 11.33%; PAT margin 9.93%; FY26 revenue Rs 1,143.01 Cr.

Capital Structure & Liquidity

• NCD issuance Rs 43.25 Cr for Vadgaon Pune project.
• Redeemed Rs 31.25 Cr ICICI Prudential NCDs; Rs 93.75 Cr remaining over three years.
• Positive quarterly cash flow; liquidity supported by ongoing operations.

Strategic Priorities & Outlook

• Well positioned to capitalize on India's Senior Living opportunity; underpenetrated demand.
• Asset-light growth, capital efficiency, ecosystem expansion.
• Pipeline across NCR, Jaipur, Chennai, Pune, Jamshedpur; substantial land bank supports expansion.
• Rs 7,681.77 Cr revenue locked in from ongoing projects over 3-5 years.

Governance & Leadership

• JV: Ashiana Swarang acquired by Kairav Developers with equal equity.
• No board or management changes disclosed.

Independent Director Re-appointment

• Board approved re-appointment of Krishna Suraj Moraje as Independent Director for five financial years.
• Term subject to shareholders' approval; Board meeting held on 11 August 2026.
• Profile: Founder of Eka Fellowship; ex-Quess Corp CEO; former McKinsey leader; IIM Ahmedabad MBA.
• Disclosure: Not related to any current directors.

Use of funds status

• No funds raised in Q1FY27; mode, amount, and monitoring agency not applicable.