2 lakh shares allotted on warrant conversion; 16 lakh warrants forfeited

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ASHIKA · price

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Price reaction · full curve 14 horizons · vs prior close

-1.4%1-day move

₹386.50

prior close

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base price

In-mkt

timing

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AI summary

Ashika Global Securities allotted 2,00,000 equity shares to two non-promoter investors (Dilip Kumar Minny and Anju Garodia) on conversion of warrants at Rs. 609 each (premium Rs. 599, face value Rs. 10). The company received Rs. 9.14 crore as balance 75 percent payment. Separately, 16,00,000 warrants were forfeited for non-exercise within the 18-month window, retaining the 25 percent upfront amount of about Rs. 3.05 crore for the company. Post-allotment paid-up capital stands at Rs. 73.93 crore across 7.39 crore shares.

Likely market impact

Minor dilution from share allotment. Forfeiture of 16 lakh warrants is a positive, with about Rs. 3.05 crore retained as income and no outstanding warrants left.