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Latest news about Ashika Credit Capital

Ashika Group Receives SEBI In-Principle Approval to Enter Mutual Fund Business 6 days ago

Ashika Group has obtained in-principle SEBI approval to sponsor and establish a mutual fund in India, marking its entry into the asset management sector. The approval allows formation of an AMC and preparatory steps for launching mutual fund schemes, though final launch depends on meeting SEBI's registration requirements. This expansion complements the group's existing financial services including broking, investment banking, and private equity operations.

Ashika Credit Capital Ltd Receives SEBI In-Principle Approval for Mutual Fund Sponsorship 7 days ago

Ashika Credit Capital Incorporates Insurance Subsidiary with Rs 5 Crore Capital Dec 10, 2025

Ashika Credit Capital Promoters Acquire 14.55% Stake Following Merger with Yaduka Financial Services Nov 18, 2025

Ashika Credit Capital Reports Strong Q2 Results, Approves Three New Subsidiary Formations Nov 07, 2025

More news about Ashika Credit Capital

06Nov 25

Ashika Credit Capital Secures NCLT Approval for Amalgamation with Yaduka Financial Services

The National Company Law Tribunal (NCLT), Kolkata Bench, has sanctioned the scheme of amalgamation between Yaduka Financial Services Limited (YFSL) and Ashika Credit Capital Limited (ACCL) on November 4, 2025. The amalgamation, approved under Sections 230 to 232 of the Companies Act, 2013, involves the shareholders and creditors of both companies. ACCL has disclosed this development under SEBI regulations and will share the detailed NCLT order once available. The approval follows a series of updates provided by ACCL since the initial intimation of the scheme on July 31, 2024.

27Oct 25

Maryada Barter Private Limited and Associates Reduce Stake in Ashika Credit Capital

Maryada Barter Private Limited and its associates have reduced their stake in Ashika Credit Capital Limited through open market transactions. They disposed of 7,70,000 shares between June 16, 2025, and October 24, 2025, reducing their holding from 9.16% to 7.15% of the total share capital. The group's final holding stands at 27,30,000 shares, representing a 2.01 percentage point decrease in their stake.

23Oct 25

Ashika Credit Capital's Subsidiary Secures SEBI Approval as Category II Alternative Investment Fund Manager

Ashika Credit Capital's subsidiary, Ashika Private Equity Advisors Pvt Ltd, has received SEBI approval for registration as a Category II Alternative Investment Fund (AIF) manager. The subsidiary will serve as the Investment Manager for Ashika Private Equity Trust. This approval allows the company to expand its offerings in the alternative investment space, potentially including private equity funds, debt funds, and fund of funds.

12Sept 25

Ashika Credit Capital Files Composite Amalgamation Scheme with NCLT Kolkata Bench

Ashika Credit Capital Limited (ACCL) has filed a Composite Scheme of Amalgamation with the NCLT, Kolkata Bench. The scheme proposes merging Ashika Commodities & Derivatives Private Limited (ACDPL) and Ashika Global Securities Private Limited (AGSPL) into ACCL. The amalgamation has received 'No Objection' from RBI and 'no adverse observations' from BSE Limited. The implementation is subject to NCLT approval, consent from shareholders and creditors, and other regulatory approvals.

22Aug 25

Ashika Credit Capital Receives BSE Nod for Composite Amalgamation Scheme

Ashika Credit Capital Limited (ACCL) has received a 'no adverse observations' letter from BSE Limited for its proposed composite scheme of amalgamation. The scheme involves merging Ashika Commodities & Derivatives Private Limited with Ashika Global Securities Private Limited, followed by AGSPL's amalgamation with ACCL. While this BSE approval is a significant milestone, the scheme still requires additional statutory, regulatory, shareholder, and creditor approvals before implementation. ACCL has made the BSE approval letter available on its website for public access.

16Aug 25

Ashika Credit Capital Shareholders Overwhelmingly Approve Merger with Yaduka Financial Services

Shareholders of Ashika Credit Capital Limited (ACCL) overwhelmingly approved the proposed amalgamation with Yaduka Financial Services Limited, with 99.99% of votes in favor. The special meeting, held on August 16, 2025, was conducted via video conferencing as per NCLT directions. The merger, with an appointed date of October 1, 2024, is subject to NCLT and other regulatory approvals. The e-voting process was facilitated by NSDL, with 52.10% of shareholders participating.

02Aug 25

Ashika Credit Capital Reports No Fund Utilization Deviations, Reclassified as NBFC-Middle Layer

Ashika Credit Capital Limited (ACCL) has been reclassified as an NBFC-Middle Layer entity due to its consolidated asset size exceeding Rs. 1,000 crore. The company reported a total revenue of Rs. 6,989.99 crore and a net profit of Rs. 5,060.58 crore. ACCL has utilized funds from its preferential issue for investments, repayments, and working capital. The company is acquiring an additional 24.5% stake in its subsidiary Ashika Private Equity Advisors Pvt Ltd and exploring opportunities in the insurance business. ACCL has also established a new corporate office in Mumbai and converted 50,82,664 warrants into equity shares.

02Aug 25

Ashika Credit Capital Reports Q1 Results, Reclassifies as NBFC-Middle Layer

Ashika Credit Capital Limited (ACCL) reported a consolidated net loss of Rs 5,147.87 lakhs for Q1 FY24, with total revenue at Rs 429.01 lakhs. The company has been reclassified as an NBFC-Middle Layer due to asset size growth. ACCL is increasing its stake in subsidiary Ashika Private Equity Advisors to 75.50% and exploring insurance business opportunities. The company raised Rs 116.63 crores through warrant conversion, utilizing funds for investments, debt repayment, and working capital.