Submission of Report of Audit Committee and Independent Directors
ASHIKA · price
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Awaiting price reaction for this filing.
Ashika Credit Capital Ltd has submitted the Audit Committee and Independent Directors' reports confirming completion of the post-amalgamation process with Yaduka Financial Services Limited. The scheme was sanctioned by NCLT Kolkata on November 4, 2025, and became effective on November 18, 2025. On December 1, 2025, the company allotted 65,34,507 equity shares of Rs.10 each to eligible Yaduka shareholders at a swap ratio of 1,445:1,000. For the fractional entitlements, 1 consolidated share was issued to Catalyst Trusteeship Limited, sold in the secondary market on January 28, 2026, generating net proceeds of Rs. 362.51, which were distributed to eligible shareholders on February 3, 2026.
This is a routine post-merger compliance filing closing out the fractional share settlement process for the Yaduka amalgamation. It signals clean completion of the merger process with no pending obligations, and is unlikely to have any material impact on the stock price.