Please find enclosed herewith the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
ASHIKA · price
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Ashika Credit Capital Ltd has filed a combined application for a Composite Scheme of Amalgamation with the NCLT Kolkata Bench on 12th September 2025. The scheme involves merging two entities into ACCL: first, Ashika Commodities & Derivatives Pvt Ltd (its sister/step-down subsidiary) merging into Ashika Global Securities Pvt Ltd (AGSPL), and then AGSPL merging into ACCL. The board had approved the scheme in November 2024. ACCL has already received a No Objection from RBI (March 2025) and a no-adverse-observation letter from BSE (August 2025). The scheme still requires NCLT approval and consent from shareholders and creditors of the involved companies before it can take effect.
For shareholders, this is a consolidation move that folds the group's commodities broading and securities businesses into the listed entity, potentially streamlining the group structure. Near-term stock impact is likely limited as the scheme still awaits NCLT and shareholder approvals, but successful completion could simplify ownership and earnings reporting.