Ashika Credit Capital Limited has announced the successful incorporation of a new wholly-owned subsidiary, marking a strategic expansion into the insurance sector. The company disclosed this development through a regulatory filing dated December 12, 2025, following its earlier intimation in November 2025.

Subsidiary Incorporation Details

The company has established Ashika Global Insurance Advisors Private Limited (AGIAPL) as its wholly-owned subsidiary, replacing the earlier proposed wealth management entity. The key details of the incorporation are presented below:

Business Scope and Operations

AGIAPL has been incorporated to carry out insurance-related activities and services as a Corporate Agent (Composite). The subsidiary is yet to commence business operations and currently reports nil turnover. The company's operations will be subject to receipt of necessary approvals and registrations from concerned regulatory authorities.

Regulatory Requirements

The subsidiary will require approval from the Insurance Regulatory and Development Authority of India (IRDAI) along with other necessary regulatory clearances before commencing operations. The disclosure has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Structure

Strategic Implications

This incorporation represents a shift from the company's earlier plan to establish a wealth management subsidiary to focusing on insurance services. As an NBFC, Ashika Credit Capital considers this acquisition as part of its ordinary course of business. All future transactions with the wholly-owned subsidiary will be conducted on an arm's length basis, ensuring regulatory compliance and transparency.

The move into insurance services through AGIAPL demonstrates the company's strategy to diversify its financial services portfolio and capitalize on opportunities in the insurance sector.

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.