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, which became effective on November 18, 2025, follows the approval from the National Company Law Tribunal (NCLT), Kolkata Bench.

Key Details of the Merger

• Effective Date: November 18, 2025
• Appointed Date: October 1, 2024
• Record Date: November 29, 2025

Share Exchange Ratio

The merger terms include a share exchange ratio that favors Yaduka Financial Services shareholders:

This ratio means that for every 1,000 shares held in Yaduka Financial Services, shareholders will receive 1,445 fully paid-up equity shares of Ashika Credit Capital, each with a face value of INR 10.00.

Regulatory Compliance

ACCL has emphasized that this merger adheres to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The company has filed the necessary documents, including the certified copy of the NCLT order and the scheme itself, with the Registrar of Companies, Kolkata Bench.

Impact on Shareholders

Shareholders of Yaduka Financial Services who are on the company's register of members as of the record date (November 29, 2025) will be eligible to receive shares in Ashika Credit Capital. This merger is expected to consolidate the operations of both entities.

Corporate Governance

The merger process has been overseen by ACCL's Merger & Acquisition committee, demonstrating the company's commitment to transparent and structured corporate governance practices. Anju Mundhra, Company Secretary and Compliance Officer of Ashika Credit Capital, has officially communicated these developments to the stock exchange, ensuring compliance with regulatory disclosure requirements.

Ashika Credit Capital Limited (ACCL) has reported robust financial results for the second quarter, alongside announcing strategic expansions into new business verticals.

Financial Performance

ACCL posted impressive standalone financial results:

The company's performance shows significant growth, with total income for H1 FY2025-26 reaching ₹8,801.76 lakhs.

Strategic Expansion Initiatives

In a series of strategic moves, ACCL's Board of Directors has approved the formation of three wholly-owned subsidiaries:

1. Wealth Management & Advisory Business: A new subsidiary will be incorporated to enter the wealth management and advisory services sector, subject to SEBI approval.

2. Insurance Business: ACCL plans to establish a subsidiary for insurance-related activities as a Corporate Agent (Composite), pending IRDAI approval.

3. Custodial Services: The company will form a subsidiary to provide custodial services, subject to SEBI approval.

These initiatives mark ACCL's efforts to diversify its portfolio and tap into new revenue streams in the financial services sector.

Additional Business Developments

• The Board has authorized exploration of business opportunities in the IFSC Unit, GIFT City, Gujarat.
• ACCL has withdrawn its proposal to acquire an additional 24.5% stake in its subsidiary, Ashika Private Equity Advisors Pvt. Ltd.
• The Merger & Acquisition Committee has been reconstituted.

Financial Stability and Growth

As of September 30, 2025, ACCL's standalone financial position remains strong:

• Total Assets: ₹62,956.94 lakhs
• Total Equity: ₹61,879.64 lakhs

The company's robust balance sheet and strategic initiatives position it well for future growth in the evolving financial services landscape.

Management Commentary

Pawan Jain, Chairman of Ashika Credit Capital Limited, stated, "Our Q2 results reflect the company's strong financial foundation and growth trajectory. The decision to form new subsidiaries aligns with our vision to expand our service offerings and capture emerging opportunities in the financial sector."

ACCL's strategic moves and solid financial performance indicate its commitment to diversification and sustainable growth in the competitive financial services industry.