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Ashika Global Securities reported no fund utilisation deviation and forfeited Rs 24.36 crore
01-Aug-2026, 12:26
Ashika Global Securities Limited, formerly Ashika Credit Capital Limited, reported no deviation or variation in the utilisation of funds raised through a preferential issue during the quarter ended June 30, 2026, according to a filing with the BSE Ltd. The company converted 200,000 warrants into 200,000 equity shares, with each share having a face value of Rs 10 and an issue price of Rs 609, including a Rs 599 premium. Additionally, Rs 24.36 crore, representing the upfront amount of 25% consideration for 1,600,000 warrants, was forfeited due to non-receipt of the remaining 75% consideration.
Ashika Global Securities Limited, formerly Ashika Credit Capital Limited, reported no deviation or variation in the utilisation of funds raised through a preferential issue during the quarter ended June 30, 2026, according to a filing with the BSE Ltd. The company converted 200,000 warrants into 200,000 equity shares, with each share having a face value of Rs 10 and an issue price of Rs 609, including a Rs 599 premium. Additionally, Rs 24.36 crore, representing the upfront amount of 25% consideration for 1,600,000 warrants, was forfeited due to non-receipt of the remaining 75% consideration.