Ashika Credit Capital Limited successfully conducted a crucial shareholders meeting on January 9, 2026, following directions from the National Company Law Tribunal (NCLT), Kolkata Bench. The meeting addressed a significant corporate restructuring initiative through a composite scheme of amalgamation, marking an important milestone in the company's strategic development.

Meeting Details and Regulatory Compliance

The shareholders meeting was held on Friday, January 9, 2026, at 12:15 P.M. IST through Video Conferencing and Other Audio Visual Means, in compliance with the NCLT order dated November 14, 2025. The meeting was conducted under the provisions of the Companies Act, 2013, SEBI Listing Regulations, and applicable regulatory guidelines.

Composite Scheme of Amalgamation

The primary agenda involved approving a composite scheme of amalgamation with two key components. The first phase encompasses the amalgamation of Ashika Commodities & Derivatives Private Limited (ACDPL), a wholly owned subsidiary of Ashika Global Securities Private Limited (AGSPL), with and into AGSPL. The second phase involves the amalgamation of AGSPL with and into Ashika Credit Capital Limited (ACCL), creating a consolidated corporate structure.

The scheme was designed pursuant to Sections 230 to 232 of the Companies Act, 2013, ensuring compliance with all applicable legal provisions and regulatory requirements. The restructuring aims to streamline operations and enhance operational efficiency across the group entities.

Voting Results and Shareholder Participation

The voting process demonstrated overwhelming shareholder support for the proposed amalgamation scheme. The company facilitated both remote e-voting prior to the meeting and e-voting during the meeting through NSDL's platform.

The resolution was passed with requisite majority, receiving 27,997,032 votes in favor representing 99.99% of total votes cast, while only 28 votes were cast against the proposal. The voting participation rate reached 62.59% of total shareholding, indicating strong engagement from the shareholder community.

Recent Corporate Actions

The company recently completed another significant corporate action with the allotment of 65,34,507 fully paid-up equity shares of face value ₹10.00 each on December 1, 2025. This allotment was made pursuant to the scheme of amalgamation of Yaduka Financial Services Limited with Ashika Credit Capital Limited, as approved by the NCLT Kolkata Bench on November 4, 2025.

Out of the total allotted shares, 65,05,606 equity shares were allocated to promoters and promoter group members. These shares are currently held in physical mode, pending listing approval and completion of corporate action procedures.

Regulatory Documentation and Next Steps

Following the successful completion of the meeting, the company submitted comprehensive documentation to regulatory authorities, including the summary of proceedings, voting results, and scrutinizer's report. The voting results and scrutinizer's report have been made available on the company's website at www.ashikagroup.com and NSDL's portal at www.evoting.nsdl.com within the prescribed timeframe.

The approved resolution now awaits final sanction from the NCLT, which will enable the implementation of the composite scheme of amalgamation. This corporate restructuring initiative represents a strategic step toward operational consolidation and enhanced business efficiency within the Ashika Group ecosystem.

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.