Ashika Credit Capital Ltd

Ashika Global Securities Ltd announced board appointments for its unlisted material subsidiary, Ashika Stock Services Limited. Mr. Ajay Pratapray Shanghavi has been appointed as a Non-Executive Independent Director for a three-year term. Concurrently, Mr. Vatsal Jain has been appointed as an Executive Director (Whole Time Director) for a three-year term. Both appointments are effective September 3, 2026, and are subject to shareholder approval at the upcoming General Meeting. Mr. Jain is also the son of the Managing Director, Mr. Daulat Jain.

Ashika Global Securities Ltd announced its intention to incorporate two wholly-owned subsidiaries: 'Ashika Global Asset Management Private Limited' and 'Ashika Global Trustee Company Private Limited'. This move is part of the company's strategy to set up a Mutual Fund, for which SEBI has extended the in-principle approval validity by six months. The proposed entities will operate in the Financial Services - Asset Management sector. The incorporation is planned in India with cash consideration, and the initial share capital will be subscribed at face value. This development signifies a strategic step towards expanding the company's presence in the asset management space.

Ashika Global Securities Limited has announced Saturday, September 12, 2026, as the record date for determining shareholder entitlement to receive dividends for the Financial Year 2025-2026. This dividend, if declared at the upcoming 33rd Annual General Meeting scheduled for September 19, 2026, will be paid by October 18, 2026, subject to applicable TDS. The record date ensures that only shareholders registered by this date will be eligible for the dividend payout.

Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) has announced its 33rd Annual General Meeting (AGM) will be held on Saturday, September 19, 2026, at 11:30 AM IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting will discuss the adoption of audited financial statements for FY 2025-2026, the declaration of a final dividend of ₹0.50 per equity share, the re-appointment of a director, and the appointment of statutory auditors M/s. J K V S & Co. The company has set September 12, 2026, as the record date for dividend entitlement and September 16-18, 2026, for remote e-voting. The register of members and share transfer books will be closed from September 13 to September 19, 2026.

Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) has filed its Annual Report for the Financial Year 2025-2026, in compliance with SEBI (LODR) Regulations, 2015. The company's 33rd Annual General Meeting (AGM) is scheduled for September 19, 2026, to be held via Video Conferencing. The report details the company's transformation into a diversified financial powerhouse through the integration of group entities, aiming for synergy, strength, and scale. The Annual Report and AGM Notice are available on the company's website and stock exchanges. The company operates as an RBI-registered, non-deposit-taking Middle Layer NBFC, offering a comprehensive suite of investment and lending solutions.

Ashika Global Securities Ltd has issued a communication to its shareholders regarding the deduction of tax at source (TDS) on dividends. The company's Board of Directors recommended a dividend of Re. 0.50 per equity share for the financial year ended March 31, 2026. This dividend is taxable as per the Income Tax Act, 2025, and will be subject to TDS at prescribed rates if approved at the upcoming AGM. The communication details the process for shareholders to submit necessary documents and declarations for tax exemption, including updated PAN, Aadhaar, and bank details, especially for those holding shares in physical form. Shareholders are advised to update their KYC with M/s. Maheshwari Datamatics Pvt. Ltd. to avoid dividend withholding.

Ashika Global Securities Ltd has reported no deviation or variation in the utilization of proceeds raised via preferential issue for the quarter ended June 30, 2026. The company clarified that funds were utilized for investments in shares and securities, capital requirements for debt repayment, working capital, and loans to a group company. A total of ₹36.54 crores was raised and utilized by the end of the warrant conversion period. The Audit Committee reviewed the statement, and it has been uploaded to the company's website.

Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) has submitted reports from its Audit Committee and Independent Directors. These reports certify the completion of the distribution of net sale proceeds from fractional entitlements arising from a composite scheme of amalgamation. The scheme involved the amalgamation of Ashika Commodities & Derivatives Private Limited and Ashika Global Securities Private Limited into Ashika Credit Capital Limited, which was subsequently renamed Ashika Global Securities Limited. The distribution of proceeds to eligible shareholders for their fractional entitlements was completed on July 29, 2026.

Ashika Global Securities Limited (AGSL) announced the appointment of Ms. Meenaa Sharma as Chief Human Resource Officer (CHRO) and Senior Management Personnel (SMP) with immediate effect. This decision was approved by the Board of Directors during their meeting held on July 31, 2026, based on the recommendation of the Nomination & Remuneration Committee. The board also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, and took on record the statement of deviation or variation for the same period. Additionally, AGSL approved a proposal to raise funds up to ₹1000 Crores through various modes including QIP, FPO, Rights Issue, or Preferential Allotment, subject to regulatory and shareholder approvals. The company also noted the ongoing consideration by SEBI for the extension of in-principle approval for the sponsorship of a proposed Mutual Fund.

Ashika Global Securities Limited (AGSL) announced its Board of Directors has approved a proposal to raise funds up to ₹1000 Crores through Qualified Institutional Placement (QIP) or other permissible modes. The Board also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, and noted the statement of deviation or variation for the same period, reporting no deviation against issue proceeds. Additionally, Ms. Meenaa Sharma was appointed as Chief Human Resource Officer (CHRO) & Senior Management Personnel. The company also provided an update on its mutual fund sponsorship approval extension.