Please find enclosed herewith the Monitoring Agency Report for the quarter ended 31st December, 2025 issued by Acuite Ratings and Research Limited.
ASHIKA · price
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Awaiting price reaction for this filing.
Ashika Credit Capital, an NBFC, has submitted the Monitoring Agency Report from Acuité Ratings for the quarter ended 31 December 2025. This relates to a December 2024 preferential issue of 18,00,000 convertible warrants of Rs. 10 each, for a total size of INR 109.62 Crore. Of the four stated objects — investment in shares and securities (Rs. 39.62 Cr), repayment of borrowings (Rs. 10 Cr), working capital (Rs. 10 Cr), and a loan to group company Ashika Stock Broking (Rs. 50 Cr) — the company has so far collected only INR 27.41 Cr via warrant subscriptions. During Q3 FY26, no fresh warrant subscriptions were received, so no additional deployment happened this quarter. The Monitoring Agency confirmed no deviation from stated objects.
This is a routine compliance filing with a clean monitoring report — no negative flag. However, only about 25% of the targeted Rs. 109.62 Cr has been raised through warrant conversions so far, meaning the company is operating with limited fresh capital for its growth and lending plans.