The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanchan Devi Jain & PACs
ASHIKA · price
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Ashika Credit Capital Ltd has disclosed an acquisition by promoter group members Kanchan Devi Jain, Pawan Jain, Roshni Jain and persons acting in concert under SEBI SAST Regulation 29(1). The acquisition is pursuant to the Scheme of Amalgamation of Yaduka Financial Services Limited (Transferor Company) into Ashika Credit Capital Limited (Transferee Company), approved by NCLT Kolkata Bench on 04.11.2025. As per the Share Entitlement Ratio, 1,445 equity shares of Ashika Credit Capital were issued for every 1,000 shares held in Yaduka Financial Services. Of the total 65,34,507 equity shares allotted to Transferor Company shareholders, 65,05,606 shares were received by the promoter group. Post-acquisition, promoter group holding stands at 57.99% (2,59,36,596 equity shares). Total equity capital of the company increased from Rs. 38.19 crore to Rs. 44.72 crore.
This is a procedural disclosure confirming the allotment of shares to promoter group members under the already-approved NCLT amalgamation scheme. No open offer obligation is triggered as the acquisition is pursuant to a court-approved scheme. Promoter group control strengthens to nearly 58%, with minority shareholders seeing dilution of about 14.55%.