Please find enclosed herewith the Outcome of the NCLT Convened Meeting of Ashika Credit Capital Limited held today, i.e. Saturday, 16th August, 2025 at 1:00 PM onwards through VC/ OAVM. ....
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Ashika Credit Capital Ltd held an NCLT-convened meeting of equity shareholders on August 16, 2025, to approve the Scheme of Amalgamation of Yaduka Financial Services Limited (Transferor) into Ashika Credit Capital Limited (Transferee), with an appointed date of October 1, 2024. Out of 4,126 shareholders on record date, 48 attended via video conferencing, and total votes of 2,55,69,718 were polled (66.95% of outstanding shares). An overwhelming 99.99% of votes (2,55,69,180 shares) were cast in favor of the scheme, with only 538 shares (0.01%) against. The public shareholders also approved the resolution with 99.99% support, meeting SEBI's majority requirement for scheme approval. The resolution has been declared passed with the requisite majority, and the matter will now proceed for final NCLT sanction.
This is a procedural milestone in the ongoing amalgamation process — shareholder approval is secured, which removes a key hurdle. The next step is NCLT final sanction, after which Yaduka Financial Services will merge into Ashika Credit Capital. Short-term stock impact is likely muted as the approval was widely expected; the swap ratio and post-merger financials will be the key drivers for shareholders going forward.