Refers to Composite Scheme of Amalgamation involving: (I) Ashika Commodities & Derivatives Private Limited (ACDPL, Transferor Company), wholly owned subsidiary of Ashika Global Securities Private Limited (AGSPL, Amalgamating Company/Transferee Company) amalgamating with and into AGSPL, and (II) AGSPL amalgamating with and into Ashika Credit Capital Limited (ACCL, Amalgamated Company, now name changed to Ashika Global Securities Limited - AGSL).
Scheme approved under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Scheme became effective from May 15, 2026.
Company name changed to Ashika Global Securities Limited effective June 23, 2026, upon issuance of new Certificate of Incorporation by Ministry of Corporate Affairs on June 23, 2026.
Share Allotment Details
On May 28, 2026, the Amalgamated Company allotted 4,03,52,586 fully paid equity shares of ₹10 each to eligible shareholders of Transferee/Amalgamating Company (AGSPL) who held equity shares as on Record Date of May 27, 2026.
Share exchange ratio: 6,726 equity shares of face value ₹10 each fully paid-up of Amalgamated Company issued for every 10,000 equity shares having face value ₹10 each fully paid-up held in Amalgamating Company.
Allotted shares rank pari-passu with existing fully paid-up equity shares of Amalgamated Company.
Fractional Entitlement Treatment
Certain shareholders became entitled to fractional entitlements during allotment.
The allotment included 6 (six) fully paid-up equity shares arising from consolidation of fractional share entitlements of eligible AGSPL shareholders.
As per Clause 20.3 of the Scheme, fractional shares were not issued directly to shareholders but consolidated and rounded up to next whole number.
Board of Amalgamated Company appointed Catalyst Trusteeship Limited as Corporate Trustee on February 4, 2026 to hold, sell, and distribute proceeds from fractional entitlements.
The 6 consolidated fractional shares were allotted to Catalyst Trusteeship Limited on the allotment date of May 28, 2026.
Sale and Distribution of Fractional Proceeds
Trustee sold the 6 consolidated fractional shares in secondary market on July 24, 2026 (within 90 days from allotment date).
Net sale proceeds (after deduction of expenses incurred) amounted to ₹4,381.52.
Distribution of net sale proceeds to eligible shareholders' bank accounts in proportion to their fractional entitlements was completed on July 29, 2026.
Signatories and Authentication
Company letter signed by Anju Mundhra, Company Secretary and Compliance Officer, digitally signed on July 31, 2026.
Audit Committee Report signed by Ajay Pratapray Shanghavi, Chairman of Audit Committee (DIN: 00084653), dated July 31, 2026.
Independent Directors' Report signed by Pinki Kedia, Independent Director (DIN: 08455451), dated July 31, 2026.
