Ashika Credit Capital has allotted 4,03,52,586 fully paid-up equity shares to the eligible shareholders of Ashika Global Securities Private Limited pursuant to a Composite Scheme of Amalgamation. The allotment was approved by the company's Merger & Acquisition Committee on May 28, 2026. The shares, with a face value of INR 10 each, were issued based on a share exchange ratio of 6,726 equity shares for every 10,000 equity shares held in the amalgamating company as on the record date of May 27, 2026.

The scheme involves the amalgamation of Ashika Commodities & Derivatives Private Limited and Ashika Global Securities Private Limited with and into Ashika Credit Capital Limited. The National Company Law Tribunal, Kolkata Bench, sanctioned the scheme via its Final Order dated May 8, 2026. As part of the process, 1,13,51,990 existing equity shares held by the amalgamating companies, representing 25.3818% of the paid-up share capital, were cancelled in entirety.

The allotment includes six equity shares issued to Catalyst Trusteeship Limited, acting as Corporate Trustee, to address fractional entitlements of eligible shareholders. Following the allotment and cancellation, the company's paid-up equity share capital increased to Rs. 73,72,55,670, comprising 7,37,25,567 equity shares. The issued and subscribed paid-up share capital rose to Rs. 73,73,17,410, comprising 7,37,31,741 equity shares.

The board took on record the revised shareholding details of the promoter and promoter group. Pawan Jain holds the largest individual stake among promoters with 87,66,254 shares, representing 11.89% of the total equity share capital. The total promoter and promoter group holding stands at 5,49,37,186 shares, accounting for 74.52% of the company's equity.

Share Capital Structure

Promoter Holding

Ashika Credit Capital Ltd has confirmed the dispatch of its postal ballot notice through newspaper advertisements published on May 28, 2026. The notice seeks shareholder approval on 13 resolutions, including authorizing the board to borrow up to ₹2500 crore and appointing M/s. J K V S & Co as statutory auditors. The e-voting process is scheduled from May 31 to June 29, 2026, with results expected on or before July 1, 2026.

The company submitted the advertisement copies to the BSE Ltd on May 28, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements were published in English and Bengali newspapers to confirm the dispatch of the notice to members registered as of May 22, 2026.

Auditor Appointment

The board proposed appointing M/s. J K V S & Co, Chartered Accountants (Firm Registration Number: 318086E), as statutory auditors to fill a casual vacancy. This vacancy arose due to the resignation of M/s. DHC & Co., Chartered Accountants, who became ineligible as per Reserve Bank of India (RBI) criteria. The new auditors will hold office from May 18, 2026, until the conclusion of the next Annual General Meeting in 2026.

Borrowing and Financial Limits

Shareholders are asked to approve a special resolution to increase the company's borrowing powers. The board seeks authorization to borrow sums not exceeding ₹2500 crore, in addition to existing loans, superseding a previous resolution that capped borrowing at ₹1000 crore. Another special resolution seeks approval to create pledges, charges, or mortgages on the company's assets to secure borrowings, with a total cap of ₹2500 crore.

The company also seeks approval to advance loans or provide guarantees to entities where directors are interested, with an aggregate limit of ₹3000 crore.

Related Party Transactions

The notice includes ordinary resolutions seeking approval for material related party transactions (RPTs) with subsidiaries and promoter group entities. These transactions involve loans, investments, guarantees, and the supply of goods and services for periods ranging from three to five financial years, commencing from FY 2026-27. Key related parties include Ashika Private Equity Advisors Pvt Ltd, Ashika Global Finance Pvt Ltd, and Ashika Capital Limited.