Maryada Barter Private Limited and its associated Persons Acting in Concert (PACs) have disposed of 10,09,898 equity shares of Ashika Credit Capital , reducing their aggregate stake from 3.69% to 2.33%. The disposal was executed via open market transactions over a nine-month period ending on July 28, 2026, signaling a significant reduction in the group’s exposure to the listed entity.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on July 29, 2026. The filing identifies Maryada Barter as the lead acquirer, acting in concert with Pragya Mercantile Private Limited, Glaxo Finance Private Limited, and three Hindu Undivided Families (HUFs) linked to the Dugar family: Surendra Kumar Dugar HUF, Tulsi Kumar Dugar HUF, and Kamal Kumar Dugar HUF. None of these entities belong to the promoter group of Ashika Credit Capital.

Disposal Breakdown

The total disposal of 10,09,898 shares, representing a 1.36% drop in voting rights, was distributed among the concert parties as follows:

The sales were conducted entirely in the open market. No warrants, convertible securities, or other instruments entitling the acquirers to receive shares were involved in the transaction. Furthermore, there were no changes to encumbrances such as pledges or liens during this period.

Post-Disposal Holdings

Following the transaction, the combined holding of the acquirer and its PACs stands at 17,20,102 equity shares, equating to 2.33% of the total diluted share/voting capital. The individual holdings after the disposal are detailed below:

The face value of each equity share is ₹10. The total equity share capital of Ashika Credit Capital remains unchanged at ₹73,92,55,670, comprising 7,39,25,567 equity shares. The company’s shares are listed on BSE Ltd and NSE Ltd, where they are traded under the Permitted Securities Category.

What the Numbers Show

The reduction in stake is driven primarily by Maryada Barter Private Limited, which sold more than half of the total disposed shares (5,05,000 shares). This action reduced its individual holding from 7,60,000 shares (1.03%) to 2,55,000 shares (0.35%). In contrast, the HUFs associated with the Dugar family maintained their positions unchanged at 2,00,000 shares each. The exit appears to be a strategic de-risking by the corporate entities within the concert party, while the family trusts retain their initial investment levels.

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. This rebranding is part of a Composite Scheme of Amalgamation sanctioned by the NCLT, Kolkata Bench on May 08, 2026.

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. The company submitted copies of newspaper advertisements published in the Financial Express and Arthik Lipi on July 23, 2026, to BSE to confirm the commencement of trading under the new name and symbol. Shareholders were notified via email and notice on July 24, 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.

Shareholder Implications

Ashika Global Securities Limited shall continue to remain a listed entity with its shares traded on both BSE Limited and NSE. The company continues as a Non-Deposit Taking NBFC registered with the Reserve Bank of India, carrying out NBFI activities including lending and investments. The Scrip Code 543766 allotted by BSE Limited remains unchanged, as do other corporate details such as the CIN, registered office, and contact information. Shareholder rights are unaffected by the name change.

For shareholders holding shares in demat form, the company has intimated National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) to update the company name against ISIN INE094B01013. The new name will automatically reflect in demat accounts upon completion of internal processing, requiring no action from investors. Physical share certificate holders must apply to the Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt Ltd, for record updates to reflect the new company name on their certificates.