Synopsis: Ashnisha Industries Ltd’s share in focus after board approved right issue to raise 49.24 crore in the ratio of 13:8.
A penny-cap company engaged in trading steel products and various goods is making headlines today, following its board’s approval of a successful fundraising through a rights issue, signaling potential growth and strengthening its financial position.
With the market capitalization of Rs. 30.50 crore, the shares of Ashnisha Industries Ltd is trading at Rs. 3.02, up by 1.34 percent from its previous day’s close price of Rs. 2.98 per equity share.
What’s the News?
The company’s board has approved a Rights Issue to raise Rs. 49.24 crore at a 13:8 ratio, allowing existing shareholders to buy 13 new shares for every 8 shares they currently hold. This helps the company strengthen its finances, fund expansion, or reduce debt, while giving shareholders an opportunity to maintain their ownership stake.
The record date is 6th October 2025, which is used to identify eligible shareholders who have the right to participate in the issue. The issue will be open for subscription from 14th October to 3rd November 2025, during which shareholders can either subscribe to the new shares or sell their rights in the open market.
Also read: 5:1 Bonus Shares: Microcap stock hits 5% upper circuit after board approves bonus issue
About the Company & Others
Ashnisha Industries Limited, based in Ahmedabad, India, is involved in trading software, electronics, and IT products. It operates across four segments: Steel, Trading of Software, Electronic and IT Products, Trading of Goods, and Others, and also participates in investment activities. Originally named Ashnisha Alloys Limited, the company adopted its current name in March 2017 and was incorporated in 2009.
The company reported Q1FY26 revenue of Rs. 0.35 cr, down 16.7 percent YoY from Q1FY25 Rs. 0.42 cr and down 66.3 percent QoQ from Q4FY25 Rs. 1.04 cr. Net profit for Q1FY26 rose to Rs. 0.12 cr, up 140 percent YoY from Q1FY25 Rs. 0.05 cr and up 20 percent QoQ from Q4FY25 Rs. 0.1 cr.
At the moment, the company’s P/E ratio is 126x higher as compared to its industry P/E 37.8x. The company’s ROE and ROCE are 0.28 percent and 1.23 percent respectively, and the D/E ratio of 0.76, indicates the company’s financial performance.
Written by Akshay Sanghavi
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