Ashiana Housing’s "CARE A; Stable" rating reaffirmed by CARE Edge

Ashiana Housing Ltd. announced today that CARE Edge has reaffirmed its credit ratings for the company, including an "Issuer Rating at CARE A; Stable." This reaffirmation, based on the operational and financial performance for FY25 (Audited) and H1FY26 (Audited), reflects a consistent and stable outlook.

The reaffirmed ratings also apply to several Non-Convertible Debenture (NCD) issues. These include a Rs. 97 crore NCD allotted on May 31, 2021, and a Rs. 32 crore NCD with allotments on July 20, 2022 (Rs. 26.40 crore) and February 23, 2024 (Rs. 5.60 crore). Furthermore, NCDs of Rs. 125 crore allotted on May 13, 2024, and Rs. 100 crore allotted on July 11, 2025, also received a "CARE A; Stable" rating.

The Rs. 125 crore NCDs carry a coupon rate of 9.95% p.a. and are repayable in four equal annual installments starting May 13, 2026. Other NCDs have a 20-year tenure with an 8.00% p.a. coupon rate, payable subject to distributable surplus and a 'payable when able' structure based on project surplus availability.