Please find attached herewith the Outcome of Board Meeting of Ashika Credit Capital Limited held today, i. e., Sunday, 17.05.2026.
ASHIKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ashika Credit Capital Limited held its Board Meeting on 17th May 2026 and approved multiple items. Key highlights: (1) Audited standalone and consolidated financial results for Q4 and FY ended March 2026 were approved with an Unmodified Opinion from DHC & Co. (2) The company recommended a final dividend of Rs. 0.50 per share (5%) subject to shareholder approval at the ensuing AGM. (3) Statutory Auditors changed from DHC & Co to J K V S & Co due to RBI ineligibility rules as the company crossed total asset thresholds. No concerns were raised by the outgoing auditor. (4) Board approved acquisition of Ashika Capital Limited (ACL) for up to Rs. 22 crore to make it a wholly-owned subsidiary; this is a related party transaction on arm's length basis. (5) Ashika Global Custodial Services Pvt. Ltd ceased to be a subsidiary as the Rs. 80 crore initial subscription was not infused. (6) Financials show Total Income of Rs. 9,508.53 Lakhs and PAT of Rs. 4,526.53 Lakhs for FY2026. Assets grew from Rs. 9,069.32 Lakhs to Rs. 12,240.56 Lakhs. (7) Comparative figures restated due to two amalgamation schemes (Yaduka Financial Services and Composite Scheme involving AGSPL).
Clean audit with unmodified opinion is positive. The mid-year auditor change due to RBI compliance (not concerns) is routine. The related party acquisition of ACL for up to Rs. 22 crore may raise scrutiny given related party nature. Restatement of financials due to mergers adds complexity to YoY comparison.