The disclosure under Regulation 30 of SEBI (LODR) regulations, 2015 is enclosed herewith.
ASHIKA · price
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Awaiting price reaction for this filing.
Ashika Credit Capital Ltd has filed a Scheme of Amalgamation with the National Company Law Tribunal (NCLT), Kolkata Bench on 4th June 2025. Under the scheme, Yaduka Financial Services Limited (Transferor Company) will merge into Ashika Credit Capital Limited (Transferee Company), along with their respective shareholders and creditors. The filing is being made under Sections 230 to 232 of the Companies Act, 2013. The company had earlier received the RBI's 'No Objection' on 6th January 2025 and BSE's 'No Adverse Observations' on 9th May 2025. The scheme is still subject to NCLT approval and consent from shareholders and creditors of both companies.
This is a routine procedural step moving the merger forward but does not yet complete it. Shareholders should note that the deal still needs NCLT sanction and shareholder/creditor approvals before it can become effective. No share-swap ratio or record date has been disclosed in this filing.