In continuation of our Letter dated 14th July, 2025, please find enclosed herewith the copies of Newspaper Advertisement regarding Notice of NCLT Convened Meeting of Equity Shareholders ....
ASHIKA · price
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Awaiting price reaction for this filing.
Ashika Credit Capital Ltd has submitted newspaper clippings (published in Financial Express and Aajkal on 15th July 2025) regarding a notice for an NCLT-convened meeting of its equity shareholders. The meeting, ordered by NCLT Kolkata Bench on 25th June 2025 (with corrigendum on 27th June 2025), will be held on Saturday, 16th August 2025 at 1:00 PM via video conferencing. Shareholders will vote on the proposed Scheme of Amalgamation of Yaduka Financial Services Limited (Transferor Company) with Ashika Credit Capital Limited (Transferee Company), with an appointed date of 1st October 2024. The scheme requires approval from shareholders representing three-fourths in value of equity share capital, along with majority of public shareholders voting in favour. E-voting will be conducted via NSDL from 12th August to 15th August 2025, with cut-off date of 9th August 2025.
Shareholders should review the merger terms and participate in the e-voting, as the outcome will determine whether Yaduka Financial Services merges into Ashika Credit Capital. If approved, the combined entity could see changes in capital structure and business operations, subject to further NCLT approval.