Ashika Credit Capital Ltd

Ashika Credit Capital Ltd announced the allotment of 2,00,000 equity shares following the conversion of an equal number of equity convertible warrants to non-promoters on a preferential basis. The conversion was approved by the Fund Raising Committee. The issue price per share was ₹609, with 75% of the amount aggregating to ₹9,13,50,000 received upon conversion. This allotment increases the company's paid-up equity share capital to ₹73,92,55,670, comprising 7,39,25,567 equity shares of ₹10 each. The new shares will rank pari-passu with existing shares. Additionally, 16,00,000 warrants were forfeited due to non-exercise or non-receipt of the subscription amount.

Ashika Credit Capital Ltd announced the allotment of 2,00,000 equity shares upon conversion of an equal number of equity convertible warrants. This conversion, at an issue price of ₹609 per share, generated ₹9,13,50,000 for the company. The allotment was made to non-promoter category investors. The company also reported the forfeiture of 16,00,000 equity convertible warrants due to non-exercise and non-receipt of the balance subscription amount. Consequently, the company's paid-up equity share capital has increased to ₹73,92,55,670, comprising 7,39,25,567 equity shares of ₹10 each. The new shares will rank pari-passu with existing shares.

Ashika Credit Capital Ltd has announced the closure of its trading window for dealing in the company's securities. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the announcement of the un-audited financial results for the quarter ended June 30, 2026. The company has informed all insiders, including directors and designated employees, and their immediate relatives, not to engage in any transactions involving the company's securities during this period. The specific date for the board meeting to declare these financial results will be communicated later.

Ashika Credit Capital Limited (ACCL) announced that its promoter group, including Pawan Jain and PACs, acquired 4,03,52,586 equity shares on May 28, 2026. This acquisition resulted from a Composite Scheme of Amalgamation sanctioned by NCLT, involving Ashika Commodities & Derivatives Private Limited and Ashika Global Securities Private Limited merging into ACCL. Concurrently, 1,13,51,990 existing ACCL shares held by the promoter group were cancelled. The promoter group has filed a disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, claiming exemption under Regulation 10(1)(d)(ii) for this acquisition, which occurred due to the amalgamation and cross-cancellation of shares. The company's equity share capital increased from ₹44.72 Cr to ₹73.72 Cr post-transaction.

The promoter and promoter group of Ashika Credit Capital Ltd (ACCL), including Daulat Jain, acquired 4,03,52,580 equity shares of ACCL on May 28, 2026. This acquisition is a result of a Composite Scheme of Amalgamation, sanctioned by the Hon'ble NCLT, Kolkata Bench, involving Ashika Commodities & Derivatives Private Limited and Ashika Global Securities Private Limited merging into ACCL. Concurrently, 1,13,51,990 existing ACCL shares held by Ashika Global Securities Pvt Ltd and Ashika Commodities & Derivatives Pvt Ltd (both promoter group entities) were cancelled. Post-transaction, the promoter and promoter group's total holding in ACCL increased from 57.99% to 74.52%. The total equity capital of ACCL increased from ₹44.72 crore to ₹73.72 crore.

Pawan Jain & Others, part of the promoter group of Ashika Credit Capital Ltd (ACCL), have acquired 4,03,52,580 equity shares of ACCL. This acquisition occurred on May 28, 2026, through an allotment under a composite scheme of amalgamation. The scheme involved the merger of Ashika Commodities & Derivatives Private Limited and Ashika Global Securities Private Limited with and into ACCL. Concurrently, 4,03,51,990 existing equity shares of ACCL held by the amalgamating companies were cancelled. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

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%.

Ashika Credit Capital Limited (ACCL) has allotted 4,03,52,586 fully paid-up equity shares of INR 10/- each to eligible shareholders of Ashika Global Securities Private Limited (AGSPL) on May 27, 2026, as per the Composite Scheme of Amalgamation. The scheme involved Ashika Commodities & Derivatives Private Limited (ACDPL) merging into AGSPL, and then AGSPL merging 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 ACDPL, representing 25.3818% of paid-up capital, were cancelled. Post these actions, ACCL's paid-up equity share capital increased from ₹44.72 Cr (4.47 Cr shares) to ₹73.72 Cr (7.37 Cr shares). The promoter and promoter group now hold 74.52% of the company's equity.

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.

Ashika Credit Capital Ltd (ACCL) announced the resignation of its statutory auditors, M/s DHC & Co, Chartered Accountants, effective May 17, 2026. The resignation is due to the firm's ineligibility under RBI guidelines, as ACCL has crossed the threshold limit of Total Asset Size as on March 31, 2026. The auditors confirmed there are no concerns regarding the company's management or material reasons for their departure beyond the RBI's regulations. The Board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹0.50 per equity share.