Ashika Credit Capital Ltd — Updates, 26-06-2025: Company Update

Ashika Credit Capital Ltd. has announced a board meeting to convene equity shareholders of the company to consider the Scheme of Amalgamation with Yaduka Financial Services Limited, as approved by the National Company Law Tribunal (NCLT). Meetings of shareholders and creditors of the transferor company have been dispensed with due to their consent. The meeting will be held virtually with voting via remote e-voting. The swap ratio under the scheme entitles Yaduka shareholders to 1,445 Ashika shares for every 1,000 held. This amalgamation aims to consolidate operations, potentially enhancing business scale and shareholder value.