Ashika Credit Capital's merger with Yaduka Financial gets court nod

Ashika Credit Capital (BSE:ASHIKA) announced that the National Company Law Tribunal (NCLT) approved the Scheme of Amalgamation of Yaduka Financial Services Limited into Ashika Credit Capital. The NCLT order, pronounced on June 25, 2025, directs Ashika Credit Capital to convene a meeting of its equity shareholders within 90 days to consider the merger. The meeting will be held virtually, and remote e-voting will be arranged by Ashika Credit Capital. The scheme involves Ashika Credit Capital issuing 1,445 equity shares with a face value of INR 10 each for every 1,000 shares held in Yaduka Financial Services. The company has to arrange for advertisements of the meeting details in the "FINANCIAL EXPRESS" (English) and "AAJKAL" (Bengali). The cut-off date for determining eligible shareholders will be a Friday, at least 35 days before the meeting.