Ashika Credit Capital Limited will trade under the new name Ashika Global Securities Limited effective July 27, 2026, following approvals from the Ministry of Corporate Affairs and stock exchanges. The National Stock Exchange of India (NSE) and BSE Limited issued notices confirming the transition, which includes a change in the trading symbol to ASHIKAG. The move follows a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Ministry of Corporate Affairs approved the name change from Ashika Credit Capital Limited to Ashika Global Securities Limited on June 23, 2026. Subsequently, both NSE and BSE granted approval for the revised name and symbol to take effect in their master records from July 27, 2026.

Details of the Change

The following table outlines the specific changes to the company's name and symbol across exchanges:

The BSE notice confirmed that the Scrip ID and abbreviated name on the BOLT Plus System would be updated to ASHIKAG. The NSE circular, signed by Manager Jeetendra Rangnani, detailed the transition for the entity listed under the Permitted to Trade category. Members were advised to note the changes for trading purposes effective from the specified date.

Ashika Credit Capital Ltd has approved the acquisition of a 26% equity stake in Resurgent India Rating Private Limited (RIRPL) for a cash consideration of ₹26,000. The Finance Committee of Ashika Global Securities Limited, formerly known as Ashika Credit Capital Ltd, sanctioned the investment during its meeting held on July 3, 2026. This strategic acquisition is intended to expand the company's presence across the financial services sector by venturing into credit rating services.

The transaction involves the purchase of 2,600 equity shares at a face value of ₹10 each. RIRPL is a newly incorporated entity based in Gurgaon, Haryana, established to carry on the business of a Credit Rating Agency (CRA). The target company currently reports nil turnover and a paid-up share capital of ₹1,00,000. The acquisition is not classified as a related party transaction, and no specific governmental or regulatory approvals are required for the deal.

Transaction Details

The acquisition will be funded through cash consideration and is expected to be completed by December 31, 2026. The company plans to infuse the amount in one or more tranches and execute a Share Purchase Agreement (SPA) to finalize the deal.

Strategic Rationale

The proposed acquisition aligns with Ashika Global Securities Limited's objective to diversify its offerings within the financial services landscape. RIRPL operates as an ancillary to financial services, providing ratings to companies. The target entity has no operational history or turnover for the last three financial years, as it was recently incorporated.