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.

Ashika Credit Capital Limited released its investor presentation for the financial year ended March 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation outlines the company's transformation into a diversified financial services holding platform following the strategic merger of M/s Ashika Global Securities Private Limited, effective May 15, 2026. The company, an RBI-registered Middle Layer Non-Banking Financial Company (NBFC-ICC), now carries an estimated fair market valuation in excess of ₹3,000 crores and serves individuals, corporates, and institutions across India with over three decades of market expertise.

FY26 Financial Performance

Ashika Credit Capital reported strong standalone and consolidated financial results for FY26. On a standalone basis, Profit Before Tax surged 48.14% year-on-year, while consolidated net worth expanded significantly following the merger-driven amalgamation.

Standalone Financials (Amount in ₹ Lakhs)

Consolidated Financials (Amount in ₹ Lakhs)

Consolidated net worth grew from ₹440 crores (pre-merger FY25) to ₹1,169 crores in FY26, driven by the amalgamation, profitability, and a preferential issue.

Dividend, Acquisition, and Governance

The board recommended a final dividend of Re. 0.50 per share (5%) for FY26, subject to shareholder approval at the ensuing Annual General Meeting. The board also approved the proposed acquisition of Ashika Capital Limited (ACL), a SEBI-registered Category I Merchant Banker with a paid-up share capital of Rs. 1,31,00,000/-, to make it a wholly owned subsidiary for a maximum consideration not exceeding Rs. 22 crores, expected to be completed by September 30, 2026.

Additionally, the board approved the transfer of the in-principle SEBI approval for sponsoring a Mutual Fund to its stock broking subsidiary, Ashika Stock Services Limited, which was also designated as a Material Subsidiary effective May 17, 2026. On the governance front, M/s. DHC & Co. resigned as statutory auditors effective May 17, 2026, following the company crossing the RBI threshold limit for Total Asset Size. M/s. J K V S & Co., Chartered Accountants, were appointed as the new statutory auditors for a casual vacancy term until the conclusion of the next Annual General Meeting, with a proposed full term of three years thereafter.

Diversified Group Structure and Business Verticals

Ashika Credit Capital serves as the holding company for a broad ecosystem of financial services subsidiaries. The group's key subsidiaries span broking, investment banking, wealth management, alternative investments, and insurance, forming what the company describes as a compounding financial ecosystem.

The retail and HNI broking platform, powered by the Dhanush app, reported a total Assets Under Advisory (AUA) of ~₹22,000 crores+, over 1,00,000+ demat accounts, ~1,25,000+ total clients, 900+ channel partners, and 300+ authorised persons. The Dhanush platform averages ~1,00,000 trades per day and holds an average app rating of 4.5+ on Play/App Store.

Strategic Milestones and FY26 Transformation

The investor presentation highlights several landmark developments in FY26, including regulatory approval for the transformative merger, establishment of a flagship corporate office at Altimus, Worli, receipt of in-principle approval for a Mutual Fund business, securing of Category II AIF licenses for both Private Equity and Private Credit (April 2026), and an upgrade from base layer to middle layer NBFC. The investment banking division has cumulatively handled over $2 billion in total transaction experience, served 200+ marquee clients, and covered 10+ sectors across mandates, supported by a team of 15+ professionals with 150+ years of combined experience.