Ashika Credit Capital Ltd — Updates, 04-06-2025: Company Update

Ashika Credit Capital Ltd has announced a board meeting to discuss the scheme of amalgamation with Yaduka Financial Services Ltd. The companies have filed an application with the National Company Law Tribunal, Kolkata, seeking approval for the merger. This consolidation aims to streamline their operations and create shareholder value. The scheme has already received a no-objection letter from the Reserve Bank of India and a no-adverse observation letter from BSE. The merger is subject to further approvals from regulators, shareholders, and creditors. This move could strengthen Ashika’s financial position and market presence.