Ashnisha Industries Ltd — Important, 15-05-2026: Company Update

Ashnisha Industries received its Rights Issue Monitoring Agency Report for the quarter ending March 31, 2026. The report notes a delay in the Rs. 15 crore solar project, with Rs. 10.45 crore utilized and the remaining Rs. 4.55 crore pending government approval. The agency also pointed out that Rs. 4.53 crore allocated for General Corporate Purposes was used for office expenses and land, which it considered not explicitly detailed in the original plan. Promoter shareholding dropped from 17.35% to 6.61%. Of the Rs. 49.24 crore raised, Rs. 6.85 crore remains unutilized.