The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pawan Jain & PACs
ASHIKA · price
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Ashika Credit Capital Limited completed a composite scheme of amalgamation where Ashika Commodities & Derivatives Pvt Ltd (wholly-owned subsidiary of Ashika Global Securities Pvt Ltd) merged into Ashika Global Securities, which then merged into Ashika Credit Capital. As part of this process, 4,03,52,586 new equity shares were allotted to promoters on May 28, 2026, based on a share entitlement ratio of 6,726:10,000. Concurrently, 1,13,51,990 existing shares held by the amalgamating companies were cancelled. Pre-transaction share capital was Rs 44.12 crore (4.47 crore shares), increasing to Rs 73.72 crore (7.37 crore shares) post-transaction. Promoter and PAC collective holding increased from 57.99% to 74.52%, with total promoter shares rising from 2.59 crore to 5.49 crore shares. The filing seeks exemption under Regulation 10(1)(d)(xii) of SEBI SAST Regulations.
Promoter stake increased significantly by approximately 16.5 percentage points to 74.52%, strengthening promoter control over the company. This consolidation through a court-approved scheme is typically neutral to slightly positive for existing shareholders as it simplifies the corporate structure.