Ashika Credit Capital Limited files a regulatory statement confirming no deviation in the utilization of ₹109.62 crore raised via equity convertible warrants.
The funds were allocated as planned: ₹39.62 crore for investments, ₹10 crore for debt repayment, ₹10 crore for working capital, and ₹50 crore as a loan to group company Ashika Stock Broking.
No warrant subscriptions were received during the quarter ending 31st March 2026, therefore no new funds were available for utilization towards the stated objects.