Ashika Credit Capital Ltd — Updates, 02-08-2025: Company Update

Ashika Credit Capital's board approved unaudited financial results for the quarter ended June 30. The company has been reclassified as an NBFC-Middle Layer, up from Base Layer, due to its consolidated asset size surpassing ₹1,000 Cr, indicating increased scale and new compliance requirements. The board also decided to acquire an additional 24.5% stake in subsidiary Ashika Private Equity Advisors Pvt Ltd for ₹0.00245 Cr, raising the total holding to 75.50%. This strengthens their role as an investment manager for a planned Alternative Investment Fund. The company will also explore opportunities in insurance-related business and has established a new corporate office in Mumbai.