With reference to our intimation dated 07.11.2025 related to proposed incorporation of a Wholly-Owned Subsidiary (WoS), in this regard, please be informed that as per the approval received ....
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Ashika Credit Capital Ltd has incorporated a wholly-owned subsidiary named Ashika Global Custodial Services Private Limited (AGCSPL) on 17th December 2025, with the Registrar of Companies, Mumbai. The new entity has an authorised and paid-up share capital of Rs. 80 crore (8 crore equity shares of Rs. 10 each), fully subscribed by Ashika Credit Capital Ltd in cash at face value. AGCSPL will operate in the Financial Services sector, specifically offering custodial services, subject to SEBI and other regulatory approvals. The transaction is classified as a related party transaction since Ashika Credit Capital is the promoter of the new entity, and is expected to be completed on or before 31st March 2026.
This is a strategic expansion into custodial services, a regulated financial services vertical, which diversifies Ashika Credit Capital's business beyond its existing NBFC operations. The Rs. 80 crore capital deployment is significant for the company and the new venture will require SEBI registration before commencing operations, introducing regulatory execution risk.