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 of Registrar ....
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Ashika Credit Capital Ltd (ACCL), an NBFC, has incorporated a 100% wholly-owned subsidiary named Ashika Global Wealth Services Private Limited (AGWSPL) on December 9, 2025. The new WOS has an authorised and paid-up capital of Rs. 5 crore (50 lakh equity shares of Rs. 10 each) and will engage in wealth management, investment advisory, financial planning, portfolio management, and distribution of financial products. Since the entity is yet to commence operations, its turnover is currently nil. The investment is being made in cash at face value, and SEBI approval will be required before the subsidiary starts operations, with completion targeted by March 31, 2026.
This is a diversification move into wealth management and advisory services beyond ACCL's core NBFC lending business. While it signals growth ambitions into higher-margin advisory services, the WOS is a new entity with no revenue yet and subject to regulatory approvals, so near-term financial impact is minimal.