Ashika Credit Capital Ltd — Important, 17-05-2026: Company Update

Ashika Credit Capital's board approved financial results for the quarter and year ended March 2026 and proposed a Re. 0.50 dividend per share, pending shareholder approval. The company announced its statutory auditors, DHC & Co., resigned due to RBI guidelines on asset size, and M/s J K V S & Co. will take over, subject to shareholder endorsement. Ashika Stock Services became a material subsidiary, and the company plans to fully acquire Ashika Capital for up to 22 Cr, making it a wholly-owned subsidiary. A former subsidiary, AGCSPL, ceased due to a decision against 80 Cr capital infusion.