Please find enclosed herewith disclsoure under regulation 30 of SEBi (LODR) 2015
ASHIKA · price
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Awaiting price reaction for this filing.
Ashika Credit Capital Ltd has submitted an application to SEBI on 19th June 2025 seeking in-principle approval to act as the Sponsor of a proposed Mutual Fund, in line with SEBI (Mutual Funds) Regulations, 1996. The company had earlier intimated BSE about this plan on 12th February 2025. The proposed Mutual Fund is yet to be set up, meaning this filing is an early regulatory step in the company's plans to enter the asset management business. No financial details, timelines, or partner names for the proposed fund have been disclosed in this update.
This is a strategic diversification move — if SEBI approval comes through, the company could earn sponsor-level income from a mutual fund business, adding a new revenue stream. However, SEBI approval is not guaranteed, and the fund is still to be set up, so there is no immediate impact on earnings or stock price.