Please find enclosed herewith the Statement of Deviation of Ashika Credit Capital Limited for the quarter ended 31st December, 2025.
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Ashika Credit Capital filed its quarterly Statement of Deviation in fund utilization for the quarter ended 31 December 2025, as required under SEBI LODR Regulation 32. The company had raised funds via Equity Convertible Warrants on a preferential basis, with a total planned allocation of ₹109.62 crore across four objects: investments in shares/securities (₹39.62 cr), repayment of borrowings (₹10 cr), working capital (₹10 cr), and a loan to group company Ashika Stock Broking (₹50 cr). No fresh funds were raised during the quarter as no warrant subscriptions were received, so nothing was utilized in Q3FY26. However, the 25% upfront amount received earlier has cumulatively been deployed to the extent of ₹27.41 crore till 31 December 2025, mainly ₹25 crore as a loan to Ashika Stock Broking and ₹2.41 crore into investments. The company explicitly confirms there is no deviation or variation in the use of funds, with no comments from the Audit Committee or auditors. Acuite Ratings & Research is the monitoring agency.
Routine compliance disclosure with a clean report – no deviation or auditor concerns flagged. Shareholders may note that zero warrant subscriptions came in this quarter, which delays further deployment of the large ₹109.62 crore planned allocation; the bulk of funds deployed so far has gone into an inter-group loan to Ashika Stock Broking.