Ashiana Housing Limited announced that the company has entered into a Development Agreement to develop a group housing project with approximately saleable area of 11 million sq. ft. at Village Bhankrota Kalan, Tehsil Sanganer, Dist.

Jaipur in the state of Rajasthan. Also pending details as required under Regulation 30 of SEBI (LODR), Regulations 2015 read with SEBI circular CIR/CFD/CMD/4/2015 dated 09th September 2015 are as follows: a. The name of the party with whom agreement is entered is Saraf Granite and Marbles LLP. b. Purpose and type of the agreement is given above.

c. There is no shareholding in the entity with whom agreement is executed. d. Significant terms of agreement: It is a Development Agreement for group housing development at Jaipur (Rajasthan). No special rights are attached to it.

e. The said transaction is not a Related Party Transaction. f. The said party is not related to promoter/promoter group/group companies in any manner.