Ashika Credit Capital Limited (ACCL) has announced the incorporation of a new wholly-owned subsidiary, marking a significant step in expanding its financial services portfolio. The company disclosed this development in a recent regulatory filing, highlighting its strategic move into the wealth management sector.

Key Details of the New Subsidiary

Strategic Implications

The establishment of AGWSPL represents a calculated expansion for Ashika Credit Capital into the wealth management sector. This move is subject to necessary regulatory approvals, including clearance from the Securities and Exchange Board of India (SEBI).

Regulatory Compliance

ACCL's disclosure aligns with the requirements set forth by Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has emphasized that all transactions with the new subsidiary will be conducted on an arm's length basis, ensuring transparency and regulatory compliance.

Future Outlook

While AGWSPL is yet to commence its business operations, its formation signals ACCL's intent to diversify its service offerings in the financial sector. The wealth management and advisory services planned by AGWSPL may include investment advisory, financial planning, portfolio management, and distribution of financial products.

This strategic move by Ashika Credit Capital reflects the company's ambition to strengthen its position in the financial services industry and capitalize on the growing demand for wealth management services in India.

Investors and stakeholders will likely keep a close watch on the developments of this new subsidiary and its potential impact on ACCL's overall business strategy and financial performance in the coming years.

Ashika Credit Capital Limited (ACCL) has announced the completion of its merger with Yaduka Financial Services Limited, marking a significant corporate action in the financial services sector. The Merger Acquisition Committee of Ashika Credit Capital has approved the allotment of 65,34,507 equity shares to eligible shareholders of Yaduka Financial Services, in accordance with the approved amalgamation scheme.

Key Details of the Merger

• Share Exchange Ratio: 1,445 ACCL shares for every 1,000 Yaduka Financial Services shares
• Face Value of New Shares: INR 10.00 each
• Increase in Paid-up Equity Share Capital: From INR 38.19 crores to INR 44.72 crores

Impact on Shareholders and Promoters

Eligible shareholders of Yaduka Financial Services will receive the newly allotted shares as per the approved share exchange ratio. This allotment increases Ashika Credit Capital's paid-up equity share capital.

Following the merger, promoters Roshni Jain, Kanchan Devi Jain, and Pawan Jain acquired 65,05,606 equity shares, representing 14.55% of Ashika Credit Capital's paid-up share capital. This acquisition was made under SEBI exemption regulations and has increased the promoter group's collective shareholding from 50.88% to 57.99%.

Listing of New Shares

The newly allotted shares are proposed to be listed on BSE Limited, subject to necessary approvals.

Corporate Governance

The merger and share allotment process has been overseen by ACCL's Merger & Acquisition committee, demonstrating the company's commitment to transparent and structured corporate governance practices.

This merger is expected to consolidate the operations of both entities, potentially strengthening Ashika Credit Capital's position in the financial services sector. The National Company Law Tribunal approved the merger on November 04, 2025.