Please find enclosed herewith Statement of Deviation for Quarter ended 31.03.2026.
ASHIKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ashika Credit Capital Ltd has filed its quarterly statement on fund utilisation for Q4 and year ended March 2026. The company reported no deviation or variation in the use of funds raised. No fresh warrant subscriptions were received during the quarter, meaning no new capital was available for deployment toward stated objects. Of the total planned allocation of Rs 109.62 crores, Rs 27.41 crores (25%) has been utilised till date - Rs 2.41 crores toward securities investments and Rs 25 crores as a loan to group company Ashika Stock Broking Ltd. The monitoring agency is Acuite Ratings & Research Ltd.
No deviation reported means no misuse of funds, which is reassuring for shareholders. However, the lack of fresh warrant subscriptions suggests the fundraising via equity convertible warrants has stalled, potentially limiting the company's ability to deploy capital toward planned objectives including debt repayment and working capital needs.