ASHIANA : CARE EDGE UPGRADES ISSUER RATING TO CARE A+ FROM CARE A

• Issuer rating upgraded to CARE A+; Stable from CARE A; Stable • Ratings on six listed NCDs also upgraded to CARE A+; Stable from CARE A; Stable • NCDs of ₹93.75 Cr at 9.95% coupon repayable by May 2029 in annual installments of ₹31.25 Cr • Other NCDs carry 20-year tenure with a payable-when-able structure based on project distributable surplus • Rating action follows review of FY26 audited and Q1FY27 unaudited operational and financial performance

Ashiana Housing Limited

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