Allotment of Equity Shares pursuant to Scheme of Amalgamation of Yaduka Financial Services Limited ("transferor company") with and into Ashika Credit Capital Limited ("transferee company")
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Ashika Credit Capital Ltd has allotted 65,34,507 equity shares (face value Rs. 10 each) to eligible shareholders of Yaduka Financial Services Limited under a Scheme of Amalgamation approved by NCLT Kolkata Bench on November 4, 2025. The share exchange ratio is 1,445 Ashika shares for every 1,000 Yaduka shares held. As a result, the company's paid-up equity capital rises from Rs. 38.19 crore (3,81,90,464 shares) to Rs. 44.72 crore (4,47,24,971 shares). The newly issued shares will rank equally with existing shares and are proposed to be listed and traded on BSE. Catalyst Trusteeship received 1 share to handle fractional entitlements of Yaduka shareholders.
The merger is mildly dilutive for existing Ashika shareholders (about 17% increase in share count) as Yaduka shareholders become part of Ashika's expanded shareholder base. The favorable 1.445x exchange ratio reflects Yaduka's relative valuation and may consolidate both entities' businesses under one listed entity, though the precise operational impact is not detailed here.