Ashnisha Industries Ltd — Important, 03-10-2025: Company Update

Ashnisha Industries Limited has approved the Final Letter of Offer for a Rights Issue of up to 16.41 crore Equity Shares at ₹3 per share, totaling ₹49.24 crore. Shareholders can subscribe to 13 new shares for every 8 held. The company plans to use the funds to develop Phase 2 of its 1.5 MW solar power project (₹15 crore), meet working capital needs (₹23 crore), and for general corporate purposes (₹10.49 crore). The issue opens on October 14, 2025, and closes on November 3, 2025, with listing expected around November 6, 2025.