ACCL allots 4.03 Cr shares for AGSPL merger; promoter stake at 74.52%

Ashika Credit Capital Limited (ACCL) has allotted 4,03,52,586 fully paid-up equity shares to eligible shareholders of Ashika Global Securities Private Limited (AGSPL) on May 28, 2026. This allotment is part of the Composite Scheme of Amalgamation, approved by NCLT, where AGSPL merged into ACCL. The share exchange ratio was 6,726 ACCL shares for every 10,000 AGSPL shares. Additionally, 1,13,51,990 existing ACCL shares held by AGSPL and Ashika Commodities & Derivatives Pvt Ltd were cancelled. Post-allotment and cancellation, ACCL's paid-up equity share capital increased from ₹44.72 crore (4.47 crore shares) to ₹73.72 crore (7.37 crore shares). The Promoter and Promoter Group's shareholding now stands at 74.52%.