Ashoka Buildcon Limited — Capital/Financing Update 2021

Dec 21, 2021

To The Manager The Department of Corporate Services BSE Limited Floor 25, P. J. Towers, Dalal Street, Mumbai —400 001

To The Manager The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai —400 051

Scrip Code: 533271

Scrip Symbol: ASHOKA Eq.

December 21, 2021

Subject: Achievement of Financial Closure

Ashoka Buildcon Limited ("the Company") is pleased to inform that Ashoka Bettadahalli Shivamogga Road Private Limited, a wholly owned subsidiary of the Company, is in receipt of letter from National Highways Authority of India dated December 20, 2021 for the Approval for achievement of Financial closure as on September 24, 2021 for the Project viz. 'Tumkur — Shivamogga Section from Km 170.415 to Km 226.750 from Bettadahalli Shivamogga (Package IV) on Hybrid Annuity Mode under Bharatmala in the State of Karnataka; ("Project")".

The accepted Bid Project Cost is Rs.1,382 Crore.

This announcement is made pursuant to the Regulation 30 of SEBI (LODR) 2015.

This is for your kind information.

Yours Sincerely,

For Ashoka Buildcon Limited

(Manoj A. Kulkarni) Company Secretary lCSl Membership No. FCS — 7377 Address : 3, Dattakripa Apt., Kathe Galli, Dwarka, Nasik —422 011