Ashika Credit Capital Ltd — Important, 06-11-2025: Company Update

The National Company Law Tribunal has sanctioned the scheme of amalgamation between Yaduka Financial Services Limited (Transferor) and Ashika Credit Capital Limited (Transferee), effective October 1, 2024. This consolidation, aimed at achieving business synergy, improved financial strength, and operational efficiencies, involves Ashika Credit Capital issuing 1,445 equity shares for every 1,000 shares held in Yaduka Financial Services. The scheme has received 'no objection' from the Reserve Bank of India and 'no adverse observations' from BSE, with shareholder and creditor approvals also in place. Upon completion, Yaduka Financial Services Limited will be dissolved.