Ashiana Housing: three senior executives to exit by January 2027

Ashiana Housing has told stock exchanges that three senior executives are leaving the company, with the last of them due to finish in January 2027. The disclosure, made on 2 November 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, covers the heads of sales and human resources and the vice president for the Jamshedpur location. The company has not named replacements in the filing.

Who is leaving, and when

• Deepak Dhyani, Senior Vice President (Sales): resignation effective 1 September 2026, last working day 6 December 2026. The company's governance page says he also recently took over the marketing department.
• Surbhi Dewan, Vice President (Human Resources): resignation dated 21 September 2026, relieving date 10 November 2026.
• Amit Suvra Dutta, Vice President (Jamshedpur): resignation submitted 9 October 2026, last working day 9 January 2027. He moved to Jamshedpur from 1 May 2024, after leading the Jodhpur operations. The company says he has 20 years of experience, including roles at Yamaha, Spencer's, Apeejay Surrendra and ICICI Bank.

The reasons for the exits have not been set out by the company. The gap between the first resignation letter and the disclosure is also worth noting: Dhyani's resignation is dated about two months before the filing.

What it means for the business

Sales is the company's bookings engine, so the sales head's departure matters most for investors. Ashiana reported Q2 FY27 bookings of 9.46 lakh sq ft, worth ₹834.40 crore across 525 units. Year to date, bookings stand at ₹1,192.04 crore on 13.07 lakh sq ft. The October update, filed the same day as the disclosure, showed 1.23 lakh sq ft booked for ₹107.21 crore. That is well below the quarter's monthly average of about ₹278 crore, though one month is a thin base for a trend.

The filing does not link the resignations to any project's RERA status, possession timelines or prices. Credit rating agency CARE Edge upgraded the company's issuer rating and six non-convertible debenture ratings to CARE A+, Stable, on 26 October 2026, before these exits were disclosed.

Taken together, the exits remove senior people from sales, HR and a regional business within about three months. Whether that affects execution will depend on who is appointed and how quickly.

The Gurugram senior-living deal

On 29 October 2026, the company disclosed a joint development agreement for a senior-living project on about 4.4125 acres in Sector 78, Gurugram, Haryana. The filing gives a sales potential of about ₹1,300 crore on a saleable area of roughly 7.25 lakh sq ft. Dividing the two gives about ₹17,931 per sq ft, which is our calculation, not a company price band. The sales potential is an estimate, not reported revenue or profit.

The filing does not name the landowner or counterparty, the unit count, the launch date, the RERA registration or the cost and revenue-sharing terms. The site is not the same as the company's existing Gurugram projects, Aaroham in Sector 80 and Amarah in Sector 93. Senior living contributed about 25% of revenue, according to Joint Managing Director Ankur Gupta, with kid-centric homes at 50% and regular residential sales at 25%.

What to watch next

• 5 November 2026, 4:00 PM IST: Q2 FY27 earnings call, the first chance for management to address the exits and succession.
• 10 November 2026: Surbhi Dewan's relieving date.
• 6 December 2026: Deepak Dhyani's last working day. Watch for a named sales head before then.
• 9 January 2027: Amit Suvra Dutta's last working day.
• Sector 78: RERA registration, approvals and a construction timeline, none of which have been announced.