Ashika Credit Capital Completes Amalgamation of Subsidiaries, Allots Shares
Ashika Credit Capital Limited executed a Composite Scheme of Amalgamation involving two of its subsidiaries. The transaction, approved by the National Company Law Tribunal (NCLT), Kolkata Bench, resulted in the allotment of fully paid equity shares and the cancellation of existing promoter group shares.The amalgamation included Ashika Commodities & Derivatives Private Limited (ACoPL), a wholly owned subsidiary of Ashika Global Securities Private Limited (AGSPL), with and into Ashika Credit Capital Limited (ACC).
The entire transaction was sanctioned by the Hon'ble NCLT, Kolkata Bench, via an order dated May 8, 2026.
Key Financial Transactions
On May 28, 2026, Ashika Credit Capital Limited allotted 4,03,52,586 fully paid equity shares of Rs 101 per share. This allotment was executed under the approved Composite Scheme of Amalgamation.The scheme stipulated that 6,726 equity shares of face value INR 10 each, fully paid-up, of the Amalgamated Company were issued for every 10,000 equity shares having a face value of INR 101, fully paid-up, held in the Amalgamating Company.
Furthermore, the scheme resulted in the cancellation of 1,13,51,990 fully paid equity shares of face value INR 101 each of Ashika Credit Capital Ltd, held in aggregate by Ashika Global Securities Pvt Ltd and Ashika Commodities & Derivatives Pvt Ltd.
Promoter and Shareholding Changes
Daulal Jain, along with the promoter and promoter group, confirmed acquiring equity shares equivalent to the aforementioned allotment.The amalgamation significantly altered the promoter group's shareholding structure in Ashika Credit Capital Limited. The consolidated shareholding of the promoter and promoter group saw specific changes:
| Promoter & Promoter Group Member | Pre-Transaction Shares (No. of Shares) | Post-Transaction Shares (No. of Shares) | Post-Transaction Holding (% w.r.t Total Share Capital) |
|---|---|---|---|
| Pawan Jain | 33,12,156 | 87,66,254 | 11.89% |
| Kanchan Devi Jain | 15,67,825 | 16,35,085 | N/A |
| Roshni Jain | 16,25,625 | 54,90,833 | 7.45% |
| Pawan Jain HUF | 11,49,000 | 17,34,162 | 2.35% |
| Daulat Jain HUF | 3,60,000 | 24,45,451 | 3.26% |
| Daulat Jain | 4,50,000 | 28,02,110 | 3.80% |
| Shashi Jain | N/A | 39,80,760 | 5.40% |
| Puranmal Jain & Sons (HUF) | N/A | 2,01,780 | 0.27% |
| Unity Dealtrade LLP | N/A | 19,89,550 | 2.70% |
| Crazy Vinimay LLP | N/A | 20,92,773 | 2.84% |
| Flower Vintrade LLP | N/A | 22,16,682 | 3.01% |
| Visible Vinimay LLP | N/A | 20,38,986 | 2.77% |
| Flower Infrastructure LLP | N/A | 85,67,054 | 11.62% |
| Equal Vintrade LLP | N/A | 6,72,452 | 0.91% |
| Tact Vintrade LLP | N/A | 28,14,467 | 3.82% |
| Visible Dealcomm LLP | N/A | 14,08,787 | 1.91% |
| Ashika Global Finance Pvt Ltd | 61,20,000 | 61,20,000 | 8.30% |
| Ashika Global Securities Pvt Ltd | 62,92,480 | N/A | N/A |
| Ashika Commodities & Derivatives Pvt Ltd | 50,59,510 | N/A | N/A |
The collective shareholding of the promoter and promoter group in the company stands at 5,49,37,186 shares, representing 74.52% of the total paid-up share capital.
The pre-amalgamation paid-up share capital of the company was Rs 44,12,49,710, comprising 4,47,24,971 equity shares of Rs 10 each. Following the allotment, the total paid-up share capital became Rs 73,72,55,670, comprising 7,37,25,567 equity shares of Rs 10 each.
ASHIKA Stock Price Movement
As of 10:51 AM, shares of Ashika Credit Capital Limited are slipping by 0.08% in live trading, currently at ₹352.8. The equity has shed ₹0.30, with the stock volume reaching 27,014 shares amid sustained bearish pressure near its 52-week lows.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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