Ashika Credit Capital Completes Equity Warrant Conversion, Raises ₹ 9.13 Crore in Funds
Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) announced on June 29, 2026, the completion of a significant equity conversion process involving its Equity Convertible Warrants. The company successfully allotted 2,00,000 Equity Shares through the conversion of warrants and reported the forfeiture of another 16,00,000 warrants, resulting in an increase in its paid-up capital.The conversion allotment involved funds being raised aggregating to ₹ 9,13,50,000/- (Nine Crores Thirteen Lacs Fifty Thousand Only). These funds were received upon the exercise of rights by allottees who participated in converting their warrants into shares. The Issue Price for these new Equity Shares was set at Rs. 609/- each, which includes a premium of Rs. 599/- per share.
The allotment was executed to persons categorized under Non-Promoters and the details of the conversion are as follows:
| Allottee Name | Warrants Converted | Equity Shares Allotted | Amount Received (75% Subscription) |
|---|---|---|---|
| Dilip Kumar Minny (Non Promoter) | 1,00,000 | 1,00,000 | 4,56,75,000 |
| Anju Garodia (Non Promoter) | 1,00,000 | 1,00,000 | 4,56,75,000 |
| Total | 2,00,000 | 2,00,000 | 9,13,50,000 |
In addition to the conversion, Ashika reported that 16,00,000 Equity Convertible Warrants were forfeited. The forfeiture was attributed to non-exercise or failure to receive the remaining 75% subscription amount within the stipulated 18-month period following the initial warrant allotment on December 26, 2024.
The successful conversion and the subsequent forfeit of warrants mean that all Equity Convertible Warrants originally allotted on December 26, 2024, have now been accounted for.
Financial Impact and Capital Structure Update
Consequent to these transactions, Ashika Global Securities Limited reported a rise in its paid-up equity share capital. The company's Paid-up Equity Share Capital is now ₹ 73,92,55,670/-, consisting of 7,39,25,567 fully Paid-Up Equity Shares with a face value of Rs. 10/- each.The newly allotted equity shares are ranked pari-passu with the company's existing equity shares. The transaction details related to the preferential allotment included two investors: Dilip Kumar Minny and Anju Garodia.
Key aspects of the conversion were:
- Issue Price: Rs. 609/- per share (including a premium of Rs. 599/-).
- Subscription Terms: The warrants were initially allotted on December 26, 2024, with terms allowing subscription at a rate of Rs. 152.25/- (25% of the Issue Price). The conversion required receipt of the balance amount at a rate of Rs. 456.75 per Equity Convertible Warrant (75% of the Issue Price).
The company stated that with the completed conversion and forfeiture, there are no warrants remaining pending for conversion from the original allotment dated December 26, 2024.
ASHIKA Stock Price Movement
As of 12:22 PM, Ashika Credit Capital Limited sheds 1.82% in live trading, currently valued at ₹378.60 after falling by ₹7.00. The stock nears its intraday low of ₹378.10 amidst a traded volume of 51,685 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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