Detailed Summary

Financial Results Approval

The Board approved and adopted the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026, along with the Limited Review Report issued by Statutory Auditors JKVS & CO.

Key Financial Figures (Standalone)

  • Revenue from Operations: ₹12,480.79 lakhs for Q1 FY27 (vs ₹1,039.20 lakhs in Q1 FY26)
  • Profit Before Tax: ₹11,813.63 lakhs for Q1 FY27 (vs loss of ₹2,280.41 lakhs in Q1 FY26)
  • Total Tax Expense: ₹2,741.93 lakhs for Q1 FY27
  • Profit After Tax: ₹9,071.70 lakhs for Q1 FY27 (vs loss of ₹3,438.14 lakhs in Q1 FY26)
  • Earnings Per Share (Basic): ₹12.30 for Q1 FY27 (vs negative ₹4.68 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹7,392.72 lakhs (Face Value ₹10 per share)

Key Financial Figures (Consolidated)

  • Revenue from Operations: ₹16,868.85 lakhs for Q1 FY27
  • Profit Before Tax: ₹12,972.95 lakhs for Q1 FY27 (vs loss of ₹2,149.92 lakhs in Q4 FY26)
  • Total Tax Expense: ₹2,876.37 lakhs for Q1 FY27
  • Profit After Tax: ₹10,096.58 lakhs for Q1 FY27 (vs loss of ₹3,549.65 lakhs in Q4 FY26)
  • Earnings Per Share (Basic): ₹13.69 for Q1 FY27

Statement of Deviation or Variation

The Board took on record the Statement of Deviation or Variation for the quarter ended 30th June 2026. No deviation was reported against the issue proceeds from the preferential warrant issue.

Fund Utilization Details

The company raised ₹9.135 crores during the quarter ended 30.06.2026 as balance payment of 75% on exercise of option of conversion of warrants into equity shares. The funds were utilized as follows:

  • Investment in Shares & Securities: ₹39.62 crores utilized
  • Capital requirement for repayment of borrowings: ₹10.00 crores utilized
  • Working capital requirements: ₹10.00 crores utilized
  • Loan to Ashika Stock Broking Limited: ₹50.00 crores utilized, with ₹9.13 crores received during quarter

Management Appointment

Based on recommendations of the Nomination & Remuneration Committee, the Board approved the appointment of Ms. Meenaa Sharma as Chief Human Resource Officer (CHRO) & Senior Management Personnel with immediate effect.

Ms. Sharma is an MBA from Sukhadia University, Rajasthan with 26 years of leadership experience in Financial Services & Telecom sectors. She previously worked at Suryoday Small Finance Bank as Executive Vice President - Human Resources and spent over 10 years at Reliance Securities as CHRO. She joined Ashika Group as CHRO effective from August 21, 2025.

Fundraising Proposal

The Board approved raising funds up to ₹1000 Crores (Rupees One Thousand Crores only) through various modes including:

  • Qualified Institutional Placement (QIP)
  • FPO
  • Rights Issue
  • Preferential Allotment
  • Private Placement
  • Or any other permissible mode

The fundraising may involve equity shares and/or convertible securities subject to regulatory/statutory approvals and shareholder approval.

Mutual Fund Sponsorship

The Board noted that the application for extension of the validity of the in-principle approval granted by SEBI for sponsorship of the proposed Mutual Fund is under consideration by SEBI. The company will continue with the sponsorship of the proposed Mutual Fund pending receipt of the approval.

Corporate Actions and Transactions

1. Warrant Conversion: During the quarter, the company received balance 75% consideration for 2,00,000 warrants (out of 18,00,000 outstanding warrants as of March 31, 2026) and converted them to equity shares.

2. Forfeiture: The company forfeited 25% upfront payment aggregating to ₹2,436.00 lakhs for 16,00,000 warrants due to non-receipt of balance 75% consideration within the stipulated exercise period of eighteen months from the date of allotment (by June 25, 2026).

3. Subsidiary Acquisition: On June 30, 2026, the company acquired additional 10,50,000 equity shares of Ashika Capital Ltd (ACL) at ₹174.52 per share, making ACL a wholly owned subsidiary. The previously held 19.87% equity stake (2,60,000 shares) was fair valued, resulting in ₹534.41 lakhs gain recognized in Other Comprehensive Income.

4. Subsidiary Disposal: On May 11, 2026, the company disposed of its 100% investment in Ashika Logistics Private Limited (ALPL) by selling 9,22,200 equity shares at ₹184.44 lakhs (book value: ₹152.81 lakhs), recording a profit of ₹31.63 lakhs. ALPL ceased to be a subsidiary effective May 11, 2026.

Name Change

The company changed its name from "Ashika Credit Capital Limited" to "Ashika Global Securities Limited" during the quarter ended June 30, 2026, pursuant to approval by the Ministry of Corporate Affairs.

Audit Matters

The financial results for the quarter ended June 30, 2025 represent management-certified restated figures due to two Composite Schemes of Amalgamation accounted for in FY2025-26 using the pooling of interest method under Appendix C to Ind AS 103. The comparative figures are not strictly comparable with previously published results.

Meeting Details

The Board meeting commenced at 6:00 PM and concluded at 8:30 PM on July 31, 2026.