Ashika Credit Capital Ltd — Updates, 04-07-2025: Company Update

Ashika Credit Capital Ltd. has announced a board meeting regarding the Scheme of Amalgamation with Yaduka Financial Services Ltd., an NBFC. The National Company Law Tribunal (NCLT), Kolkata issued a corrigendum correcting a minor error in the earlier approval order of the merger. The scheme involves Ashika issuing 1,445 equity shares for every 1,000 shares held in Yaduka. Meetings of Yaduka's equity shareholders and unsecured creditors have been dispensed with due to unanimous consent, while Ashika’s shareholders will vote virtually via remote e-voting. The merger aligns with Ashika’s growth strategy, consolidating its NBFC holdings and expanding its business.