This is to inform you that the Board of Directors of Ashika Credit Capital Limited at their Meeting held today, i.e. Friday, 07.11.2025, has inter alia, considered, approved and taken on ....
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The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended Sep 30, 2025). On a standalone basis, H1 FY26 revenue from operations stood at Rs. 8,801.17 lakhs versus Rs. 3,557.79 lakhs in H1 FY25, with profit after tax at Rs. 6,193.34 lakhs versus Rs. 2,274.17 lakhs — a jump of roughly 147% in revenue and 172% in PAT, though largely fuelled by net gains on fair value changes (Rs. 8,042 lakhs in H1). The Board also cleared three new wholly-owned subsidiaries for Wealth Management & Advisory, Insurance (Corporate Agent - Composite), and Custodial Services businesses. The company will also explore opportunities at GIFT City IFSC unit.
Strong headline H1 numbers are driven primarily by volatile mark-to-market gains and may not be recurring, while operating cash flow is significantly negative at Rs. (10,383) lakhs for H1, reflecting heavy deployment into loans and investments. Shareholders should note the company's group asset base has now crossed the RBI's Rs. 1,000 crore threshold, reclassifying it as an NBFC-Middle Layer entity, which brings stricter regulatory oversight; the diversification into three new subsidiaries is a long-term growth bet subject to SEBI/IRDAI approvals.