Ashiana Housing Limited — Important, 13-03-2025: General Updates

Ashiana Housing Ltd. has disclosed a corporate guarantee provided for Kairav Developers Limited, a joint venture involving equal economic interests with Arihant Foundations & Housing Ltd. This guarantee is part of a Master Rent Agreement valued at approximately INR 5.72 crores. It secures an arrangement with Novus Procura India Private Limited and is linked to InCred Financial Services Limited via an Assignment notification. Importantly, this transaction was executed at arm's length, with no interests from the promoter or group companies. The company states that this corporate guarantee will not materially impact its operations or financial position.