Ashika Credit Capital Allots 2 Lakh Shares from Warrant Conversion

Ashika Credit Capital Ltd announced the allotment of 2,00,000 equity shares following the conversion of an equal number of equity convertible warrants to non-promoters on a preferential basis. The conversion was approved by the Fund Raising Committee. The issue price per share was ₹609, with 75% of the amount aggregating to ₹9,13,50,000 received upon conversion. This allotment increases the company's paid-up equity share capital to ₹73,92,55,670, comprising 7,39,25,567 equity shares of ₹10 each. The new shares will rank pari-passu with existing shares. Additionally, 16,00,000 warrants were forfeited due to non-exercise or non-receipt of the subscription amount.