Ashnisha Industries Ltd — Important, 14-02-2026: Company Update

Ashnisha Industries received its Monitoring Agency Report for the Rights Issue proceeds for the quarter ended December 31, 2025. The report confirms there is no deviation in the utilization of the Rs. 49.24 crore raised. Funds were deployed towards a solar power project, working capital, and general corporate purposes. While the Monitoring Agency noted the solar project cost as high and significant advances for goods, the company clarified these decisions were for technical feasibility, cost optimization, and securing supply. Promoters reduced their stake to enhance public participation. Approximately Rs. 15.07 crore remains unutilized.