Ashika Global Securities Limited

Board Meeting Details

The Board of Directors meeting commenced at 12:35 PM and concluded at 1:15 PM on October 31, 2026.

Key Approvals and Disclosures

1. Financial Results Approval

  • The Board approved and adopted the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026
  • Approval was based on the recommendation of the Audit Committee and pursuant to Regulation 33 of SEBI Listing Regulations
  • The results were accompanied by a Limited Review Report issued by the Statutory Auditors (JKVS & CO)
  • The results will be published in newspapers as per prescribed format and uploaded on the company website www.ashikagroup.com

2. Statement of Deviation or Variation

  • The Board took on record a NIL Statement of Deviation or Variation for the quarter ended September 30, 2026, pursuant to Regulation 32 of Listing Regulations

Standalone Financial Performance (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹1,252.24
  • Total Expenses: ₹3,192.29
  • Loss Before Tax: ₹(1,940.05)
  • Tax Expense: ₹(624.24) [Current Tax: ₹631.66, Deferred Tax: ₹(1,255.90), Prior Year Tax: ₹(0.00)]
  • Loss After Tax: ₹(1,315.81)
  • Total Comprehensive Income: ₹(1,319.82)
  • Basic EPS: ₹(1.78); Diluted EPS: ₹(1.78)

Half Year Ended September 30, 2026:

  • Total Income: ₹10,899.54
  • Total Expenses: ₹1,025.96
  • Profit Before Tax: ₹9,873.58
  • Tax Expense: ₹2,117.69 [Current Tax: ₹1,186.04, Deferred Tax: ₹931.49, Prior Year Tax: ₹0.16]
  • Profit After Tax: ₹7,755.89
  • Total Comprehensive Income: ₹8,209.87
  • Basic EPS: ₹10.51; Diluted EPS: ₹10.51

Revenue Breakdown (Quarter):

  • Interest Income: ₹750.32
  • Net gain on fair value changes: ₹0.00 (compared to ₹11,764.99 in Q1)
  • Dividend Income: ₹447.60
  • Fees & Commission Income: ₹14.19
  • Other Income: ₹40.13

Expense Breakdown (Quarter):

  • Finance Costs: ₹5.95
  • Net loss on fair value changes: ₹2,833.49
  • Impairment on Financial Instruments: ₹(12.80) (reversal)
  • Employee Benefits: ₹163.28
  • Depreciation & Amortization: ₹22.14
  • Other Expenses: ₹180.23

Consolidated Financial Performance (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹6,431.47
  • Total Expenses: ₹5,060.23
  • Profit Before Tax: ₹1,371.24
  • Tax Expense: ₹(339.86) [Current Tax: ₹924.88, Deferred Tax: ₹(1,264.74)]
  • Profit After Tax: ₹1,711.10
  • Total Comprehensive Income: ₹1,670.47
  • Basic EPS: ₹2.32; Diluted EPS: ₹2.32

Half Year Ended September 30, 2026:

  • Total Income: ₹23,442.56
  • Total Expenses: ₹9,098.37
  • Profit Before Tax: ₹14,344.19
  • Tax Expense: ₹2,536.51 [Current Tax: ₹1,670.33, Deferred Tax: ₹866.02, Prior Year Tax: ₹0.16]
  • Profit After Tax: ₹11,807.68
  • Total Comprehensive Income: ₹12,230.44
  • Basic EPS: ₹16.02; Diluted EPS: ₹16.02

Revenue Breakdown (Consolidated Quarter):

  • Interest Income: ₹2,828.40
  • Net gain on fair value changes: ₹0.00 (compared to ₹12,927.71 in Q1)
  • Dividend Income: ₹462.55
  • Fees & Commission Income: ₹3,051.98
  • Other Income: ₹88.54

Expense Breakdown (Consolidated Quarter):

  • Finance Costs: ₹735.25
  • Fees & Commission Expense: ₹638.79
  • Net loss on fair value changes: ₹199.63
  • Impairment on Financial Instruments: ₹(7.49) (reversal)
  • Employee Benefits: ₹2,091.71
  • Depreciation & Amortization: ₹460.48
  • Other Expenses: ₹941.86

Financial Position (Standalone as at September 30, 2026)

  • Total Assets: ₹1,18,323.64 Lakhs
  • Financial Assets: ₹1,14,080.77 Lakhs (including Investments: ₹74,448.94 Lakhs, Loans: ₹30,493.80 Lakhs)
  • Non-Financial Assets: ₹4,242.87 Lakhs
  • Total Liabilities: ₹15,132.18 Lakhs
  • Equity: ₹1,06,844.09 Lakhs

Significant Corporate Actions and Events

1. Warrant Conversions and Forfeitures

  • During the half year, the company received balance 75% consideration for 200,000 warrants out of 1,800,000 outstanding warrants as of March 31, 2025
  • These warrants were converted to equity shares of face value ₹10 each
  • The company forfeited 25% consideration (upfront payment) of ₹2,436.00 Lakhs for 1,600,000 warrants due to non-receipt of balance 75% consideration within the stipulated 18-month exercise period (by June 25, 2026)

2. Acquisition of Ashika Capital Limited

  • The company held 19.87% equity stake in Ashika Capital Ltd (ACL) comprising 260,000 equity shares as of March 31, 2026
  • On June 30, 2026, acquired additional 1,050,000 equity shares of ACL at ₹374.52 per share
  • Consequently, ACL became a wholly-owned subsidiary
  • Previously held equity interest was fair valued, resulting in ₹534.41 Lakhs recognized in Other Comprehensive Income
  • The acquisition is accounted as a business combination with purchase price allocation under finalization

3. Disposal of Ashika Logistics Private Limited

  • On May 11, 2026, disposed of investment in Ashika Logistics Private Limited (ALPL) by selling 922,200 equity shares (100% stake) for ₹184.44 Lakhs
  • Book value of shares was ₹152.80 Lakhs, resulting in profit of ₹31.63 Lakhs
  • ALPL ceased to be a subsidiary effective May 11, 2026

4. Name Change

  • The company changed its name from "Ashika Credit Capital Limited" to "Ashika Global Securities Limited" during the half year ended September 30, 2026
  • Change was approved by the Ministry of Corporate Affairs

5. New Subsidiaries

  • Incorporated two wholly-owned subsidiaries on September 17, 2026: Ashika Global Asset Management Private Limited and Ashika Global Trustee Company Private Limited
  • Both subsidiaries had not commenced business operations as of September 30, 2026
  • No capital contribution made or shares allotted to the holding company

Auditor's Qualifications and Notes

Restatement of Comparative Figures:

  • Comparative figures for September 30, 2025 have been restated due to two Composite Schemes of Amalgamation accounted under pooling of interest method
  • Schemes involved: (i) merger of Ashika Commodities & Derivatives Private Limited with Ashika Global Securities Private Limited, and (ii) merger of Ashika Global Securities Private Limited with the company
  • The schemes were sanctioned by NCLT, Kolkata Bench on May 8, 2026, and November 4, 2025 respectively
  • Restated figures are management-certified and not comparable with previously published results

Subsidiary Information:

  • Consolidated results include 12 subsidiaries
  • Interim financial information of 9 subsidiaries reviewed by other auditors
  • One subsidiary's interim financial statements not reviewed by their auditors
  • Two new subsidiaries had no operational impact during the period

Segment Information (Consolidated)

The Group operates in four reportable segments:

1. Financial Activities: Revenue ₹14,660.88 Lakhs (H1), Profit ₹13,333.92 Lakhs (H1)

2. Broking & Distribution: Revenue ₹8,668.36 Lakhs (H1), Profit ₹772.72 Lakhs (H1)

3. Investment Management: Revenue ₹167.22 Lakhs (H1), Loss ₹(407.35) Lakhs (H1)

4. Investment Banking: Revenue ₹1,267.50 Lakhs (H1), Profit ₹675.76 Lakhs (H1)

Cash Flow Highlights (Standalone H1 FY27)

  • Net Cash from Operating Activities: ₹21,805.80 Lakhs
  • Net Cash used in Investing Activities: ₹(3,814.59) Lakhs
  • Net Cash used in Financing Activities: ₹(12,392.01) Lakhs
  • Net Increase in Cash: ₹5,599.20 Lakhs
  • Cash and Cash Equivalents at period end: ₹8,042.31 Lakhs

Cash Flow Highlights (Consolidated H1 FY27)

  • Net Cash from Operating Activities: ₹12,367.36 Lakhs
  • Net Cash used in Investing Activities: ₹(4,119.32) Lakhs
  • Net Cash used in Financing Activities: ₹(7,227.20) Lakhs
  • Net Increase in Cash: ₹1,020.84 Lakhs
  • Cash and Cash Equivalents at period end: ₹9,183.80 Lakhs