Ashika Credit Capital Limited successfully conducted a crucial shareholders meeting on January 9, 2026, securing overwhelming approval for its composite scheme of amalgamation. The meeting, convened pursuant to directions from the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, marked a significant milestone in the company's corporate restructuring journey.

Meeting Overview and Participation

The shareholders meeting was held through video conferencing at 12:15 PM IST, demonstrating strong participation from the shareholder community. The company facilitated comprehensive voting mechanisms to ensure maximum shareholder engagement.

Amalgamation Scheme Details

The approved composite scheme involves a two-stage amalgamation process designed to streamline the corporate structure. The scheme encompasses the merger of Ashika Commodities & Derivatives Private Limited (ACDPL), a wholly-owned subsidiary, with Ashika Global Securities Private Limited (AGSPL), followed by the amalgamation of AGSPL with Ashika Credit Capital Limited.

Voting Results and Shareholder Response

The resolution received exceptional support from shareholders across all categories. The voting process included both remote e-voting prior to the meeting and e-voting during the meeting, ensuring comprehensive participation opportunities.

Overall Voting Summary

Category-wise Breakdown

Regulatory Compliance and Process

The meeting was conducted in strict compliance with regulatory requirements, including provisions of the Companies Act 2013, SEBI Listing Regulations, and NCLT directions. Ms. Priyanka Jain, Advocate, served as the scrutinizer appointed by NCLT to ensure fair and transparent voting processes.

The company provided multiple voting channels including remote e-voting from January 5-8, 2026, and e-voting during the meeting. National Securities Depository Limited (NSDL) facilitated the electronic voting platform, ensuring secure and efficient vote casting mechanisms.

Corporate Structure Enhancement

The approved amalgamation scheme represents a strategic consolidation aimed at optimizing operational efficiency and corporate governance. The scheme involves the integration of commodity and derivatives trading operations with the broader financial services platform, creating synergies across business verticals.

Additionally, the company noted that 65,34,507 fully paid-up equity shares of face value ₹10.00 each were allotted on December 1, 2025, pursuant to a previous scheme of amalgamation involving Yaduka Financial Services Limited, demonstrating ongoing corporate restructuring activities.

The successful approval with requisite majority positions Ashika Credit Capital Limited for enhanced operational integration and streamlined corporate structure, subject to final NCLT sanction of the scheme.

Ashika Credit Capital Limited shareholders have overwhelmingly approved a composite scheme of amalgamation during a meeting convened by the National Company Law Tribunal (NCLT) on January 9, 2026. The meeting, conducted through video conferencing, achieved the requisite majority with 99.9999% of votes cast in favor of the proposed amalgamation.

Meeting Details and Participation

The shareholders meeting was held on Friday, January 9, 2026, at 12:15 P.M. IST through video conferencing and other audio-visual means, as directed by the NCLT Kolkata Bench order dated November 14, 2025. The meeting concluded at 12:51 P.M. IST, including the time allocated for e-voting.

Composite Amalgamation Scheme

The approved scheme involves a two-stage amalgamation process. The first stage merges Ashika Commodities & Derivatives Private Limited (ACDPL), a wholly-owned subsidiary of Ashika Global Securities Private Limited (AGSPL), with and into AGSPL. The second stage involves the amalgamation of AGSPL with and into Ashika Credit Capital Limited (ACCL), which will serve as the amalgamated company.

The scheme is structured under Sections 230 to 232 of the Companies Act, 2013, with an appointed date of April 1, 2025. Ms. Priyanka Jain, Advocate, was appointed as the scrutinizer by the NCLT to oversee the voting process in a fair and transparent manner.

Voting Results and Shareholder Response

The e-voting process demonstrated exceptional shareholder support across all categories. Remote e-voting was conducted from January 5, 2026, at 9:00 A.M. IST to January 8, 2026, at 5:00 P.M. IST, with additional e-voting facility provided during the meeting.

A total of 90 shareholders participated in the voting process, with 88 casting votes through remote e-voting and 2 voting during the meeting. The resolution was declared passed with the requisite majority as per the scrutinizer's report.

Regulatory Compliance and Documentation

The meeting was conducted in full compliance with the Companies Act, 2013, SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and applicable circulars issued by the Ministry of Corporate Affairs. The company provided comprehensive documentation including the summary of proceedings, voting results, and the scrutinizer's report to the stock exchanges.

The voting results and scrutinizer's report have been made available on the company's website at www.ashikagroup.com and on the National Securities Depository Limited platform at www.evoting.nsdl.com . The company has also filed all requisite documents with the NCLT as part of the amalgamation approval process.

Corporate Structure Enhancement

The approved amalgamation scheme represents a strategic consolidation of the Ashika group's operations. The scheme involves the merger of entities engaged in commodities, derivatives, and securities businesses under the umbrella of Ashika Credit Capital Limited. This consolidation is expected to streamline operations and enhance operational efficiency within the group structure.

The overwhelming shareholder approval, with virtually unanimous support from all categories of shareholders, demonstrates strong confidence in the proposed corporate restructuring. The NCLT will now consider the final approval of the scheme based on the positive shareholder mandate received during the meeting.