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.

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.