Dividend17 May 2026, 09:01 pm
Ashika Credit Capital: Final Dividend of ₹0.50 Recommended
AI Summary
Ashika Credit Capital Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. A final dividend of ₹0.50 per equity share (5%) was recommended, subject to shareholder approval. Ashika Stock Services Limited became a material wholly-owned subsidiary. The board also approved the transfer of the in-principle approval for sponsorship of the proposed Mutual Fund to Ashika Stock Services Limited, pending SEBI approval. Statutory auditors, DHC & Co., resigned due to ineligibility as per RBI guidelines.
Key Highlights
- Audited financial results (standalone and consolidated) for FY26 approved with unmodified opinion.
- Final dividend of ₹0.50 per share recommended, subject to shareholder approval.
- Ashika Stock Services Limited becomes a material wholly-owned subsidiary.
- Transfer of Mutual Fund sponsorship approval to Ashika Stock Services Limited approved, pending SEBI nod.
- Statutory auditors DHC & Co. resign due to RBI ineligibility guidelines.
Price Impact
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