Please find enclosed herewith the Monitoring Agency Report for the quarter ended 30th September, 2025.
ASHIKA · price
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Ashika Credit Capital Ltd, an NBFC, has filed the Monitoring Agency Report for Q2 FY2025-26 on the use of proceeds from its December 2024 preferential issue of 18 lakh convertible warrants of Rs. 10 face value. The total issue size was Rs. 109.62 crore, of which Rs. 27.41 crore has been raised and fully utilized so far. Of this, Rs. 25 crore was deployed as a loan to group company Ashika Stock Broking Ltd, and Rs. 2.41 crore was invested in shares and securities. No amount was used for debt repayment or working capital during the quarter. The Monitoring Agency, Acuité Ratings, confirmed no deviation from the stated objects, no change in means of finance, and no unfavorable events affecting viability.
This is a routine compliance filing with no negative flags from the Monitoring Agency. However, investors may want to note that a large share of deployed funds (Rs. 25 crore out of Rs. 27.41 crore) has been routed to a related group company, and only around 25% of the total planned issue size has been put to use so far.