Ashika Global Securities Ltd Announces Q3 Financial Results; Reports Name Change and Strategic Acquisitions
Ashika Global Securities Limited, formerly known as Ashika Credit Capital Limited, has released its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, alongside key operational updates, including the appointment of senior management personnel and the approval of a significant funding proposal.The company also announced that it changed its name from "Ashika Credit Capital Limited" to "Ashika Global Securities Limited" during the quarter ended June 30, 2026. Strategic business developments noted during this period included the acquisition of additional equity in Ashika Capital Ltd (ACL) and the disposal of an investment in Ashika Logistics Private Limited (ALPL).
Financial Performance Highlights (Q3 2026)
The reported financial statements cover both stand-alone and consolidated performance, reflecting operational activities across multiple segments. Key metrics from the un-audited standalone results for Q3 ended June 30, 2026, compared to the previous quarter, are as follows:| Particulars | Q Ended 30-Jun-26 (Unaudited) | Q Ended 31-Mar-26 (Audited) | Q Ended 30-Jun-25 (Unaudited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operations | 17,421.55 | 1,000.61 | 8,675.83 | 9,354.36 |
| Total Income | 12,480.79 | 1,019.20 | 6,656.17 | 9,508.53 |
| Total Expenses | 667.16 | 3,319.61 | 651.23 | 2,706.44 |
| Profit (Loss) After Tax | 9,071.70 | (3,438.14) | 6,135.44 | 4,526.53 |
The consolidated results for the same quarter also showed substantial figures across various segments:
| Particulars | Q Ended 30-Jun-26 (Unaudited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|
| Total Income | 17,214.7E | 25,408.71 |
| Total Expenses | 4,241.83 | 16,702.27 |
| Profit (Loss) Before Tax | 12,972.95 | 9,206.44 |
Corporate and Strategic Updates
Senior Management Appointment: The Board of Directors approved the appointment of Ms. Meenaa Sharma as Chief Human Resource Officer (CHRO) & Senior Management Personnel (SMP) with immediate effect. Ms. Sharma holds an MBA from Sukhadia University, Rajasthan, and has 26 years of experience in Financial Services and Telecom sectors.Fund Raising Proposal: The company approved the proposal to raise funds amounting up to Rs. 1000 Crores through a Qualified Institutional Placement (QIP), Rights Issue, Preferential Allotment, or any combination thereof.
Portfolio Transactions:
- The company acquired an additional 10,50,000 equity shares of Ashika Capital Ltd (ACL) on June 30, 2026, at a consideration of 1174.52 per share. This acquisition made ACL a wholly-owned subsidiary. The previously held equity interest in ACL was fair valued at Rs 534.41 Lakhs and recognized in Other Comprehensive Income for the quarter.
- On May 11, 2026, the company disposed of its investment in Ashika Logistics Private Limited (ALPL) by setting 9,22,200 equity shares at a consideration of Rs 1M.44 Lakhs, recording a profit amounting to 31.63 lakhs for the current quarter.
Warrant and Fund Usage:
The company confirmed that no deviation was reported against the issue proceeds. Furthermore, during Q3 ended June 30, 2026, the company received the balance 75% of consideration amount for 2,00,000 warrants (out of total 18,00,000 outstanding). However, the company forfeited 16,00,000 warrants due to non-receipt of the balance 75% consideration within the stipulated exercise period.
Mutual Fund Sponsorship: The Board took note that the application for extension of the validity of the in-principle approval granted by SEBI for sponsorship of the proposed Mutual Fund is currently under consideration by SEBI, and the company will continue with the sponsorship pending receipt of the said approval.
ASHIKAG Stock Price Movement
On Friday, Ashika Global Securities Limited shares rallied strongly, settling at ₹498.55 after posting a gain of 3.32%. The stock’s ascent placed it near its all-time peak, having reached a 52-week high on a trading volume of 583,994 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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