Regulatory Disclosure Details
Fund Raising Details
Mode of Fund Raising: Preferential issue of Equity Convertible Warrants
Date of Raising Funds: 25th June 2026 (amount received on/before due date)
Monitoring Agency: Acuite Ratings & Research Limited
Warrant Conversion Details
During the quarter, warrant holders exercised option for conversion of 200,000 warrants into 200,000 equity shares of face value ₹10 each. The shares were issued at ₹609 per share (including ₹599 premium per share).
Amount Raised and Utilization
Total amount raised during quarter: ₹9.135 crores (balance payment of 75% on exercise of option for conversion of warrants into equity shares)
Total proposed raise: ₹109.62 crores
Actual amount received till last conversion date: ₹36.54 crores
Forfeiture Details
The company forfeited ₹24.36 crores of upfront amount (25% consideration) received for 1,600,000 warrants. This forfeiture occurred due to non-exercise/non-receipt of balance 75% consideration totaling ₹73.08 crores from warrant holders within the stipulated timeframe.
Governance and Compliance
Audit Committee Review: The statement was reviewed by the Audit Committee at its meeting held on 31st July, 2026
Auditor Comments: None
Website Disclosure: Copy uploaded on company website at www.ashikagroup.com