Ashika Credit Capital Ltd — Updates, 02-08-2025: Company Update

Ashika Credit Capital Ltd. has confirmed no deviation in the utilization of funds raised through its Preferential Issue for the quarter ending June 30, 2025. This includes funds from the conversion of warrants into equity shares, raising Rs 74.08 Cr and Rs 42.55 Cr during the quarter. The company has cumulatively received Rs 329.11 Cr from the issue, with a small portion of warrants forfeited due to non-exercise. This assures investors that funds are being used as originally intended, bolstering financial transparency. The Audit Committee reviewed this statement, and the Board has taken it on record.