Please find attached herewith the intimation pertaining to Allotment of Equity Shares pursuant to conversion of 32,27,700 Equity Convertible warrants into 32,27,700 Equity Shares.
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Ashika Credit Capital has allotted 32,27,700 equity shares to non-promoter allottees (134 investors) upon conversion of an equal number of convertible warrants at Rs. 306 per share (including a Rs. 296 premium over the Rs. 10 face value). The company received Rs. 74.08 crore as the balance 75% warrant exercise money. These warrants were originally issued on October 28, 2024, as part of a larger 95,31,000-warrant preferential issue, of which 43,88,800 were already converted in February 2025. After this allotment, 19,14,500 warrants remain pending conversion. The company's paid-up equity capital has risen to Rs. 36.34 crore comprising 3,63,35,500 shares of Rs. 10 each.
This is a routine follow-on allotment from the previously disclosed warrant issue — no fresh capital is being raised from the market, but existing shareholder dilution from the October 2024 preferential issue is now partially crystallized. The new shares will rank pari-passu with existing equity once listed.