Ashika Credit Capital sees promoter stake rise after amalgamation

Ashika Credit Capital Limited (ACCL) announced that its promoter and promoter group, including Roshni Jain, Kanchan Devi Jain, and Pawan Jain, have increased their collective shareholding. This follows the allotment of 65,34,507 equity shares, representing 14.61% of ACCL’s paid-up capital, under a scheme of amalgamation with Yaduka Financial Services Limited.

The acquisition resulted in the promoter and promoter group’s total shareholding rising from 50.88% (1,94,30,990 shares) to 57.99% (2,59,36,596 shares) post-transaction. This increase, specifically 65,05,606 equity shares (14.55% of paid-up capital), qualifies for exemption under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The amalgamation scheme, approved by the National Company Law Tribunal, Kolkata, on November 4, 2025, involved issuing 1445 equity shares of face value INR 10 each in ACCL for every 1000 equity shares held in Yaduka Financial Services Limited. The shares were allotted on December 1, 2025.