Ashika Global Securities Limited, formerly Ashika Credit Capital Limited, has completed the acquisition of an 80.15% stake in Ashika Capital Limited for ₹39.32 Cr, converting the target entity into a wholly-owned subsidiary. The company paid a total cash consideration of ₹39.32 Cr to purchase 10,50,000 equity shares from existing shareholders. Prior to this transaction, the company held a 19.8473% stake in Ashika Capital Limited.

The acquisition was classified as a related party transaction as Ashika Capital Limited falls under the promoter group. Directors Mr. Pawan Jain, Mr. Daulat Jain, and Mr. Chirag Jain of Ashika Capital Limited also serve as promoters or directors on the board of Ashika Global Securities Limited. The company stated that the transaction was undertaken on an arm's length basis and is part of its ordinary business as an RBI-registered NBFC.

Ashika Capital Limited is a SEBI-registered Category I Merchant Banker with registration number INM000010536. The entity operates in the finance industry, specifically in investment banking activities. Its services include issue management, placement of equity shares, corporate restructuring, acquisitions and takeovers, and debt syndication. The entity was incorporated on April 12, 2000, in India and has a presence solely in India.

The paid-up share capital of Ashika Capital Limited stands at ₹1,31,00,000, divided into 13,10,000 equity shares of ₹10 each. The company reported a turnover of ₹21.86 Cr as on March 31, 2026. The acquisition was executed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Overview of Ashika Capital Limited

Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) announced that shareholders have approved all 13 resolutions proposed in its postal ballot notice dated May 17, 2026. The voting, conducted via remote e-voting, concluded on June 29, 2026, with the requisite majority secured for items including the appointment of statutory auditors and authorization for borrowing and asset charges.

The company disclosed the outcome in a filing to BSE Ltd, citing Regulation 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Scrutinizer's Report confirmed that 119 members participated, casting a total of 17,344,733 votes. The resolutions encompassed ordinary and special business, such as approving M/s. J K V S & Co as statutory auditors to fill a casual vacancy and authorizing the board to borrow money under Section 180(1)(C) of the Companies Act, 2013.

Shareholders also sanctioned the creation of pledges, charges, or mortgages on company assets and approved limits under Section 185 of the Companies Act, 2013. Additionally, resolutions regarding material related party transactions with entities such as Ashika Private Equity Advisors Pvt Ltd, promoter groups, and specific subsidiaries were passed. The detailed voting results show strong approval, with assent votes ranging from 99.99% to 100% across the resolutions.

The e-voting process was managed by the National Securities Depository Limited (NSDL), with the facility open from May 31, 2026, to June 29, 2026. The record date for determining eligibility was May 22, 2026. The company stated that the name change to Ashika Global Securities Limited, effective June 23, 2026, does not affect the rights and liabilities of stakeholders, and the old name will be displayed alongside the new one for two years.

Voting Summary