Ashoka Buildcon has successfully redeemed its commercial papers worth ₹50 crore on their maturity date, March 30, 2026. The company confirmed the full redemption along with the payment of ₹49.11 lakh in interest, as per the issued terms.
The commercial papers, identified by ISIN INE442H14519, were issued at a discount to their face value. The interest amount, representing the difference between the issue price and the face value, was also settled on the due date.
This redemption marks the conclusion of the commercial papers with no outstanding amount remaining. The entire process adhered to the guidelines set by the Securities and Exchange Board of India (SEBI) regarding the issuance and listing of non-convertible securities and related instruments.
The company reiterated that this was a full redemption, with 1,000 commercial papers being redeemed on the maturity date itself. No partial redemption or changes in payment frequency were involved.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).