Ashika Credit Capital Ltd — Important, 12-12-2025: Company Update

Ashika Credit Capital has incorporated a wholly-owned subsidiary, ASHIKA GLOBAL INSURANCE ADVISORS PRIVATE LIMITED (AGIAPL). This new entity is established to conduct insurance business as a Corporate Agent (Composite), aiming to expand the company's presence in the financial services sector. AGIAPL's Authorized and Paid-Up Share Capital stands at Rs. 5 crore, entirely subscribed by Ashika Credit Capital. The commencement of operations is subject to receiving necessary regulatory approvals, including from IRDAI. This strategic step positions the company for future growth in the insurance market.