Ashika Credit Capital Ltd — Updates, 10-05-2025: Company Update

Ashika Credit Capital Ltd has announced the Monitoring Agency Reports for multiple preferential issues totaling Rs. 623.83 crore across FY 2024-25 quarters. The proceeds from these issues have been utilized as per stated objects, including investments in shares and securities, repayment of borrowings, working capital needs, and loans to its group company, Ashika Stock Broking Ltd. Out of the total raised, about Rs. 423.55 crore has been received and Rs. 291.62 crore utilized as of end-March 2025. No deviations or delays in utilization were observed, and no material events affecting the viability of the objects were noted. The utilization aligns with disclosures and shareholder approvals.