Ashika Credit Capital to Amalgamate: ACDPL and AGSPL Merger Details Emerge
Ashika Credit Capital Ltd (ACCL) is undergoing a significant corporate restructuring through a Composite Scheme of Amalgamation involving Ashika Commodities & Derivatives Private Limited (ACDPL) and Ashika Global Securities Private Limited (AGSPL). The amalgamation aims to consolidate the operations of ACDPL (Transferor Company) and AGSPL (Transferee/Amalgamating Company) into ACCL (Amalgamated Company), alongside the respective shareholders and creditors.The core event detailed is the acquisition of 4,03,52,580 equity shares of Rs 101 each fully paid up in ACDPL by the promoter and promoter Group (pAc), along with other specified acquirers. This transaction took place on May 28, 2026, under the terms of the composite scheme.
Impact of the Amalgamation Scheme
The amalgamation scheme results in material changes to the shareholding structure and capital base of the companies involved.In the initial stages of the scheme, the promoter and promoter Group of Ashika Credit Capital Ltd reported that 1,13,51,990 existing fully paid equity shares, each with a face value of Rs 10 each, belonging to ACCL, AGSPL, and ACDPL, stand cancelled in entirety.
In terms of the share transfer to the target company, ACCL acquired 4,03,52,586 equity shares from AGSPL. This allotment was calculated based on a Share Entitlement Ratio of 6,726:10,000. Specifically, 6,726 equity shares of face value of Rs 10 each fully paid up in ACCL were issued for every 10,000 equity shares of face value of Rs 10 each fully paid up held in AGSPL, as per the Composite Scheme. Of the total allotment, 6 equity shares were given to Catalyst Trusteeship Limited, the Corporate Trustee, due to fractional entitlement.
Acquirer Holdings Summary
The combined acquisition by the promoter and promoter Group (pAc) and other acquirers resulted in a total acquisition of 4,03,52,580 equity shares.The overall acquisition details are summarized below:
| Acquisition Category | Shares Carrying Voting Rights Acquired | % w.r.t. Total Share/Voting Capital | % w.r.t. Total Diluted Share/Voting Capital |
|---|---|---|---|
| Total (a) | 4,03,52,580 | 57.99 | 55.75 |
The total acquisition consisted of shares carrying voting rights acquired by various associated entities and individuals, including Kanchan Devi Jain, Roshni Jain, Pawan Jain HUF, Daulat Jain HUF, Shashi Jain, Puranmal Jain & Sons (HUF), Unity Dealtrade LLp, Crazy Vinimay LLp, Flower Vintrade LLp, Visible Vinimay LLp, Flower Infrastructure LLp, Equal Vintrade LLp, Tact Vintrade LLp, and Visible Dealcomm LLp.
Furthermore, the table detailing the overall promoter holding post-acquisition shows the consolidated shareholding across the promoter group and the listed entities.
| Promoter/Group | Shares Carrying Voting Rights (Before Acquisition) | % w.r.t. Total Share/Voting Capital (Before Acquisition) | Shares Carrying Voting Rights (After Acquisition) | % w.r.t. Total Share/Voting Capital (After Acquisition) |
|---|---|---|---|---|
| Pawan Jain | 87,66,254 | 11.89 | 11,63,101 | 11.89 |
| Kanchan Devi Jain | 16,35,085 | 2.22 | 2,16,000 | 2.22 |
| Roshni Jain | 54,90,833 | 7.45 | - | - |
| Pawan Jain HUF | 17,34,162 | - | 2,30,000 | 2.30 |
| Daulat Jain | 24,05,451 | 3.18 | 3,18,000 | 3.18 |
| Daulat Jain - | 28,02,110 | 3.80 | 3,71,000 | 3.71 |
| Shashi Jain | 39,80,760 | 5.40 | 5,27,000 | 5.27 |
| Puranmal Jain & Sons (HUF) | 2,01,780 | 0.27 | 2,01,780 | 0.27 |
| Unity Dealtrade LLp | 19,89,550 | 2.70 | 2,63,000 | 2.70 |
| Flower Vintrade LLp | 20,92,773 | 2.84 | 2,77,000 | 2.84 |
| Visible Vinimay LLp - Flower Infrastructure LLp | 22,16,682 | 3.01 | 2,54,000 | 3.01 |
| Equal Vintrade LLp | 85,67,054 | 11.62 | 11,34,000 | 11.62 |
| Tact Vintrade LLp | 6,72,452 | 0.91 | 89,000 | 0.91 |
| Visible Dealcomm LLp - Ashika Global Finance Ltd | 14,08,787 | 1.91 | 1,87,000 | 1.91 |
ASHIKA Stock Price Movement
As of 10:39 AM, shares of Ashika Credit Capital Limited are shedding 0.17% in live trading, currently testing ₹352.5. The stock is maintaining heavy selling pressure, dropping toward its 52-week low of ₹350.75, with 26,870 shares trading at the moment.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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