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 Ltd allotted 65,34,507 equity shares (14.61% of paid-up capital) on 01.12.2025 under a Scheme of Amalgamation of Yaduka Financial Services Ltd (Transferor) into Ashika Credit Capital Ltd (Transferee), as approved by the NCLT Kolkata Bench on November 04, 2025. Promoters Pawan Jain, Kanchan Devi Jain, and Roshni Jain — who were promoter shareholders of Yaduka and are now part of the promoter group of ACCL — collectively received 65,05,606 shares (14.55%) at no cash cost, based on a share swap ratio of 1445 ACCL shares for every 1000 Yaduka shares. They have claimed exemption from making an open offer under Regulation 10(1)(d)(ii) of SEBI (SAST) Regulations, 2011. As a result, the collective promoter and promoter group shareholding rose from 1,94,30,990 shares (50.88%) to 2,59,36,596 shares (57.99%) of the paid-up capital.
The promoter group's stake has risen to nearly 58%, increasing their control but also reducing the public float available for trading. Since this is a scheme-based acquisition with no open offer triggered, there is no immediate dilution for existing shareholders from a tender offer, though shareholding concentration has meaningfully increased.