Ashika Global Securities Limited (formerly known as Ashika Credit Capital Limited ) disclosed a 0.21% decrease in promoter and promoter group holding following the conversion of warrants into equity shares. On June 29, 2026, the company allotted 2,00,000 equity shares to non-promoters who exercised their conversion rights from 18,00,000 warrants allotted on December 26, 2024. This allotment increased the total equity share capital to ₹73,92,55,670, comprising 7,39,25,567 equity shares of ₹10 each.

The disclosure was submitted to BSE Ltd under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing detailed the shareholding percentages before and after the change, indicating that the total diluted share capital post-conversion stands at ₹73,92,55,670. The promoter group, including entities such as Ashika Global Finance Pvt Ltd and various LLPs, saw their aggregate holding adjust accordingly.

Shareholding Details

The following table outlines the changes in the shareholding of key promoter group members:

Capital Structure Impact

The conversion of warrants by non-promoters resulted in a marginal dilution of the promoter stake. The total voting capital of the target company before the acquisition was ₹73,72,55,670. Post-allotment, the capital increased to ₹73,92,55,670. The filing confirmed that no other changes occurred in the shareholding pattern regarding encumbrances or voting rights otherwise than by shares.

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