Ashika Credit Capital Limited Publishes Newspaper Notice for IEPF Share Transfer

Ashika Credit Capital Limited has published newspaper advertisements regarding the compulsory transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company informed BSE Limited on April 02, 2026, about the publication of notices in "Financial Express" (English) and "Arthik Lipi" (Bengali) newspapers.

Exchange Notification and Regulatory Compliance

The company submitted its notification to the General Manager, Department of Corporate Service, BSE Limited, referencing its earlier intimation dated April 01, 2026. The notification fulfills obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the newspaper publication requirement for IEPF share transfers.

Key Details: Information Exchange Notification Date: April 02, 2026 Newspaper Publication Date: April 02, 2026 BSE Scrip Code: 543766 Publications: Financial Express (English), Arthik Lipi (Bengali)

Legal Framework and Transfer Process

The transfer process operates under Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Auditing, Transfer and Refund) Rules, 2016. The company has identified shareholders whose dividends remain unpaid or unclaimed for seven or more consecutive years, making their equity shares liable for transfer to the IEPF Authority for Financial Year 2018-19.

Shareholder Action Requirements

Shareholders affected by this transfer must claim their outstanding dividends before September 13, 2026, to prevent share transfer. The company has uploaded details of such shareholders on its website at https://www.ashikagroup.com/ . Both unclaimed dividends and transferred shares, including all accruing benefits, can be reclaimed from IEPF Authority following prescribed procedures.

Documentation Requirements: Details Demat Shareholders: Request letter, Client Master List, dividend warrant, bank details Physical Shareholders: Request letter, dividend warrant, Forms ISR-1/2/3 or SH-13, bank details Registrar Contact: Maheshwari Datamatics Private Limited Claim Deadline: September 13, 2026

Post-Transfer Implications

Once shares are transferred to IEPF Authority, all corporate benefits will be credited to IEPF, and voting rights remain frozen until rightful owners claim the shares. Physical share certificates become non-negotiable, while demat shares are transferred through corporate action via depositories.

The notice was signed by Anju Mundhra, Company Secretary & Compliance Officer (F6686), emphasizing the company's commitment to regulatory compliance and transparent shareholder communication throughout this mandatory process.

Ashika Credit Capital Limited has completed the acquisition of Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹2,00,00,000 in its subsidiary Ashika Private Equity Advisors Private Limited on March 24, 2026. The transaction was conducted through cash consideration as part of the company's strategic investment in its subsidiary's business operations.

Transaction Details

The acquisition involved 20,00,000 OCRPS at a face value of ₹10 each, representing 100% of the preference shares issued by the subsidiary. The transaction was executed at arm's length basis, falling within the ambit of related party transactions due to the subsidiary relationship.

Transaction Parameter: Details Number of OCRPS: 20,00,000 Face Value per Share: ₹10 Total Investment: ₹2,00,00,000 Consideration Type: Cash Transaction Date: March 24, 2026

Shareholding Structure and Impact

Ashika Credit Capital maintains its existing 51% equity shareholding in Ashika Private Equity Advisors Private Limited. The OCRPS currently do not provide voting rights in the ordinary course of business. However, upon conversion to equity shares, the company's voting rights would increase significantly from 51% to 83.67% on a fully diluted basis.

Shareholding Details: Current Status Existing Equity Holding: 51% OCRPS Acquired: 100% Voting Rights (Current): 51% Voting Rights (Post-Conversion): 83.67%

Subsidiary Profile

Ashika Private Equity Advisors Private Limited, formerly known as Ashika Entercon Private Limited, was incorporated on April 7, 2017. The company operates in the finance industry, specifically in the Alternative Investment Fund (AIF) business segment.

Key Company Details:

Corporate Identification Number: U66300WB2017PTC220511

Registered Office: "Trinity", 226/1, A.J.C. Bose Road, 7th Floor, Kolkata 700020

Authorized Capital: ₹3,00,00,000 (10,00,000 equity shares and 20,00,000 preference shares of ₹10 each)

Paid-Up Capital: ₹2,01,00,000 (10,000 equity shares and 20,00,000 preference shares of ₹10 each)

Business Operations

The subsidiary serves as an investment manager for Ashika Private Equity Trust (APET), which has received approval for registration from the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund. The registration number is IN/AIF2/25-26/1927.

Financial Performance:

Financial Year: Turnover 2024-25: Nil 2023-24: Nil 2022-23: Nil

Investment Rationale

The investment in OCRPS is intended to meet the business requirements of Ashika Private Equity Advisors Private Limited. As Ashika Credit Capital operates as a Non-Banking Financial Company (NBFC), this acquisition aligns with its ordinary course of business operations. The transaction required no governmental or regulatory approvals and was completed on the same day it was announced.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.