Ashiana Housing Limited — Board Meeting, 13-11-2024: Outcome of Board Meeting

The Board of Directors of Ashiana Housing Ltd. has convened a meeting, during which they approved the consolidated financial results for the quarter ended September 30, 2024. The company reported total income of ₹42.07 crore and incurred expenses of ₹50.94 crore, resulting in a loss before tax of ₹8.86 crore. Additionally, the Board agreed to amend the Articles of Association concerning a guarantee clause, appointed Mr. Vinit Taneja as an Independent Director, and scheduled an Extraordinary General Meeting on December 27, 2024, to seek member approval for these changes. The Board also approved the issuance of secured and unsecured non-convertible debentures of up to ₹200 crore and ₹150 crore, respectively, through a private placement.