### General Updates: Ashoka Buildcon Limited's Strategic Move

Ashoka Buildcon Limited has made significant strides in its business operations, recently announcing its subsidiary, Ashoka Infraways Limited (AIWL), has submitted a Resolution Plan for Shree Sainath Land & Development India Private Limited (SSLD). This strategic acquisition is a pivotal step as it aims to enhance the company's footprint in the real estate sector.

The Committee of Creditors (CoC) for SSLD has approved AIWL’s proposal, which involves a total payment of ₹80.52 Crore to various creditors, including an upfront payment of ₹21.02 Crore to LIC Housing Finance Limited. Notably, aggrieved homebuyers are assured the delivery of their properties as per the agreement terms. With the CoC declaring AIWL as the Selected Resolution Applicant, the next step involves obtaining approval from the National Company Law Tribunal (NCLT).

This acquisition aligns with Ashoka Buildcon's core business in real estate development, further solidifying its market position. The implementation of the Resolution Plan is pending necessary regulatory approvals, and the trading window for designated persons remains closed until after the financial results for the quarter ending September 30, 2025, are declared.

As Ashoka Buildcon navigates this acquisition, it reinforces its commitment to fulfilling obligations to creditors while enhancing its operational capabilities. For more details on this development, visit [Ashoka Buildcon's official website](http://www.ashokabuildcon.com).

Stay tuned for further updates on Ashoka Buildcon's growth trajectory and market developments.