Allotment of shares to the eligible Shareholders of Ashika Global Securities Private Limited as on 27.05.2026 (record date) pursuant to the Composite Scheme of Amalgamation
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Ashika Credit Capital Ltd has allotted 4,03,52,586 equity shares of INR 10 each to shareholders of Ashika Global Securities Private Limited (AGSPL) as on record date 27th May 2026. The share exchange ratio was 6726:10000, meaning shareholders received 6,726 ACCL shares for every 10,000 AGSPL shares held. Additionally, 6 shares were allotted to a corporate trustee for fractional entitlements. Existing shares (25.38% stake) held by AGSPL and its subsidiary Ashika Commodities & Derivatives Pvt Ltd in ACCL were cancelled. Post-transaction, ACCL's paid-up capital increased from INR 44.72 Cr to INR 73.72 Cr. The scheme was approved by NCLT Kolkata on 8th May 2026. Promoter and promoter group now hold 74.52% of the company.
This is a corporate restructuring where the listed ACCL absorbs AGSPL through a court-approved merger scheme. The significant increase in share capital dilutes existing shareholders, while promoters maintain majority control at 74.52%. The new shares will be listed on BSE after regulatory completion.