The Meeting of Merger & Acquisition Committee of Ashika Credit Capital Limited has made an allotment of Equity Shares to the eligible shareholders of Ashika Global Securities Private Limited ....
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Ashika Credit Capital's M&A Committee has allotted 4,03,52,586 equity shares (face value INR 10 each) to eligible shareholders of Ashika Global Securities Private Limited (AGSPL), as part of a Composite Scheme of Amalgamation. The share exchange ratio is 6726:10000 (6,726 ACCL shares for every 10,000 AGSPL shares held). The scheme was approved and sanctioned by the Kolkata NCLT on May 8, 2026, with record date May 27, 2026. Post-allotment, the company's paid-up equity share capital increased from Rs. 44.72 crore (4,47,24,971 shares) to Rs. 73.72 crore (7,37,25,567 shares). Existing shareholding of AGSPL and ACDPL (25.38% stake) has been cancelled entirely. Promoter group now holds 74.52% of the company.
Share capital nearly doubles following the amalgamation; existing shareholders of AGSPL receive ACCL shares at the announced ratio. The cancellation of the transferor company's stake results in a net increase in total outstanding shares.