Regulatory31 Jul 2026, 11:20 pm
Ashika Global Securities: No Deviation in Fund Utilization for Q1 FY27
AI Summary
Ashika Global Securities Ltd has reported no deviation or variation in the utilization of proceeds raised via preferential issue for the quarter ended June 30, 2026. The company clarified that funds were utilized for investments in shares and securities, capital requirements for debt repayment, working capital, and loans to a group company. A total of ₹36.54 crores was raised and utilized by the end of the warrant conversion period. The Audit Committee reviewed the statement, and it has been uploaded to the company's website.
Key Highlights
- No deviation in fund utilization for preferential issue proceeds.
- Total funds raised and utilized by June 30, 2026, amounted to ₹36.54 crores.
- Funds were allocated to investments, debt repayment, working capital, and group loans.
- Audit Committee reviewed and approved the statement of deviation/variation.
- 25% upfront consideration for 16,00,000 warrants was forfeited.
Price Impact
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