The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanchan Devi Jain & Others
ASHIKA · price
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Ashika Credit Capital Ltd's Promoter and Promoter Group (Kanchan Devi Jain, Pawan Jain, Roshni Jain, Daulat Jain, related HUFs, and Ashika group entities) have disclosed acquisition of 65,05,606 equity shares (14.55% of share capital) pursuant to the amalgamation of Yaduka Financial Services Limited into Ashika Credit Capital. The allotment was made on 01.12.2025 at a share entitlement ratio of 1445 equity shares of Ashika for every 1000 shares of Yaduka, following NCLT Kolkata's order dated 04.11.2025. As a result, total promoter group holding increased from 50.88% to 55.75% of the total equity share capital (55.75% on a diluted basis). The total share capital of the company rose from Rs. 38.19 crore to Rs. 46.52 crore due to this issuance.
Promoter holding has strengthened from 50.88% to 55.75%, consolidating control over the company. This is a non-cash, scheme-driven acquisition rather than a market purchase, so there is no immediate impact on stock price from money flows, but the higher promoter stake is generally seen as a positive stability signal for retail shareholders.