Ashika Credit Capital Limited has received a significant regulatory milestone as the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, pronounced its order sanctioning the Composite Scheme of Amalgamation on May 8, 2026. The development was communicated to BSE Ltd. by the company's Company Secretary and Compliance Officer, Anju Mundhra, on the same date.

Structure of the Composite Scheme of Amalgamation

The Composite Scheme of Amalgamation involves a sequential two-step merger process among three entities within the Ashika group. The scheme, which follows an earlier intimation dated November 12, 2024, consolidates the group's corporate structure through the following arrangement:

In the first step, Ashika Commodities & Derivatives Private Limited, a Wholly Owned Subsidiary of Ashika Global Securities Private Limited, will amalgamate with and into Ashika Global Securities Private Limited. Subsequently, Ashika Global Securities Private Limited will amalgamate with and into Ashika Credit Capital Limited, making Ashika Credit Capital Limited the final amalgamated entity.

Next Steps Towards Effectiveness

While the NCLT has pronounced its order sanctioning the scheme, the Composite Scheme of Amalgamation will become legally effective only upon the filing of the certified copy of the NCLT order with the Registrar of Companies. The company has noted that the copy of the pronounced order will be intimated once it is uploaded on the NCLT website. A separate intimation will be provided to the stock exchange once the scheme formally becomes effective, ensuring stakeholders are kept informed at each stage of the process.

Ashika Credit Capital Limited has filed a regulatory declaration with BSE confirming the operational status of its corporate website for the quarter ended 31st March, 2026. The submission ensures compliance with mandatory disclosure requirements under securities regulations.

Regulatory Compliance Declaration

The company submitted its declaration on 7th April, 2026, to the General Manager of BSE's Department of Corporate Service. The filing confirms that Ashika Credit Capital Limited maintains a functional and updated website at www.ashikagroup.com , meeting the requirements specified under SEBI regulations.

SEBI Regulation 46 Requirements

The declaration addresses compliance with Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and its amendments. This regulation mandates listed companies to maintain functional websites containing updated corporate information for investor transparency and accessibility.

Corporate Authorization

The declaration was digitally signed and submitted by Anju Mundhra, who serves as the Company Secretary & Compliance Officer. The document bears her professional credentials as FCS: 6686, confirming her authorization to represent the company in regulatory matters.

The submission represents routine quarterly compliance activity, ensuring the company meets its ongoing obligations as a listed entity on BSE.