BSECompany Update31 Jul 2026 · 31 Jul 2026, 11:11 pm

Please find enclosed herewith Statement of Deviation/Variation for the quarter ended 30th June, 2026.

Ashika Global Securities Ltd · 543766

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Ashika Global Securities Ltd has filed a statement on deviation or variation in the utilisation of funds raised through a preferential issue, stating that there are no deviations or variations in the utilisation of funds raised during the quarter ended 30th June 2026. The company has received Rs. 36.54 crores out of the total Rs. 109.62 crores proposed to be raised, with the upfront amount of 25% consideration received for 16,00,000 warrants totalling to Rs. 24.36 crores being forfeited due to non-exercise/non-receipt of balance 75% consideration.

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Ashika Global Securities Ltd - 543766 - Statement On Deviation Or Variation In Utilisation Of Funds Raised - Regulation 32 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited) CIN: L67120WB1994PLC062159 31st July, 2026 General Manager Department of Corporate Service BSE Ltd Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400001 Scrip Code: 543766 Respected Sir/ Madam, Sub: Statement on Deviation or Variation in utilisation of funds raised - Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that there are no deviation(s) or variation(s) during the quarter ended 30th June, 2026, in respect of utilisation of proceeds raised by way of Preferential Issue.  On account of the option exercised by warrants holder for conversion of 2,00,000 warrants into 2,00,000 equity shares of Face Value of Rs. 10/- each of the Company issued at Rs. 609/- per share (including Rs 599/- premium per share) The aforesaid statement has been reviewed by the Audit Committee at its’ meeting held on 31st July, 2026 Copy of the same is also being uploaded on the website of the Company at www.ashikagroup.com This is for your information and record. Thanking you, Yours truly, For, Ashika Global Securities Ltd (Formerly, Ashika Credit Capital Limited) (Anju Mundhra) Company Secretary & Compliance Officer FCS: 6686 Encl: A/a Registered Office: Trinity, 226/1, A.J.C. Boss Road, 7th Floor, Kolkata 700 020 | T: +91 33 4010 2500 | secretarial@ashikagroup.com Corporate Office: Altimus, Level 35, Dr. G. M. Bhosle Marg, Worli, Mumbai 400 018 | T: +91 22 6372 0000| ashika@ashikagroup.com www.ashikagroup.com Growing and Sharing with you Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited) CIN: L67120WB1994PLC062159 Statement on deviation/ variation in utilisation of funds raised Name of listed entity Ashika Global Securities Limited Allotment of 2,00,000 Equity shares on conversion of 2,00,000 Equity Convertible Warrants Mode of Fund Raising issued on Preferential basis Date of Raising Funds 25th June 2026 (Amount received on/before due date) Equity Shares on conversion of Equity Convertible Warrants: Amount Raised Total amount raised during the quarter ended 30.06.2025 is Rs. 9.135 Crores, being the balance payment of 75% on exercise of option of conversion of warrants into equity shares) Report filed for Quarter ended 30th June 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable Acuite Ratings & Research Limited Is there a Deviation/Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a Not Applicable contract or objects, which was approved by the shareholders If Yes, date of shareholder approval Not Applicable Explanation for the Deviation/ Variation Not Applicable Comments of the Audit Committee, after review None Comments of the Auditors, if any None Objects for which funds have been raised and where there has As per table below been a deviation, in the following table Original Object Modified Original Modified Funds Amount of Remarks Object, if Allocation Allocation, if Utilised Deviation/variation for , if any @ any (in crores) any (in the quarter according to crores) applicable object Investment in Shares & Securities including -- 39.62 -- Nil Nil 2.41 investing in special situations, long term and short term investing, tactical and opportunistic investments, Loans inclusive of Loan against Shares etc. Capital requirement for the purpose of repayment --- 10.00 --- Nil Nil Nil or part pre-payment of borrowings of the Company Working capital requirements including margin for --- 10.00 --- Nil Nil Nil derivative and Algo trading Loan to Ashika Stock Broking Limited, Group --- 50.00 --- 9.13 Nil 34.13 Company; Quasi capital at Arms’ Length Basis Total Nil 109.62 Nil 9.13 Nil 36.54 @ reflects the total amount raised and utilized till 30.06.2026. Note: Out of the total Rs. 109.62 crores proposed to be raised, the Company has received only Rs. 36.54 crores till the last date of conversion of warrants into equity shares. The upfront amount of 25% consideration received for 16,00,000 warrants totalling to Rs. 24.36 crores have been forfeited in accordance with the terms of Issue, due to non-exercise/non received of balance 75% consideration totalling Rs. 73.08 crores from the warrants holders within the stipulated timeframe. Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. Yours truly, For, Ashika Global Securities Ltd (Formerly, Ashika Credit Capital Limited) (Anju Mundhra) Company Secretary & Compliance Officer FCS: 6686 Registered Office: Trinity, 226/1, A.J.C. Boss Road, 7th Floor, Kolkata 700 020 | T: +91 33 4010 2500 | secretarial@ashikagroup.com Corporate Office: Altimus, Level 35, Dr. G. M. Bhosle Marg, Worli, Mumbai 400 018 | T: +91 22 6372 0000| ashika@ashikagroup.com www.ashikagroup.com Growing and Sharing with you