Ashnisha Industries Faces CARE-Flagged ₹15 Crore Solar Project Delay

CARE flagged deviations in utilization of the Rs.49.24 crore rights issue: Rs.15 crore allocated to the solar project was spent by Q1FY27, but commercial operations have not begun after an 89-day delay. It also noted Rs.6.65 crore of non-explicit GCP spending, potentially low project returns, and promoter holding falling to 6.61%.