Ashika Credit Capital Ltd

Dividend TDS guidance

• Purpose: Communication on TDS on FY2025-26 dividend and related documentation.
• Dividend amount: Rs 0.50 per share; payable after AGM.
• IT Act application: TDS on dividend from April 1, 2026; electronic payments per circulars.
• Resident tax rate (threshold): No TDS if aggregate dividend ≤ Rs 10,000.
• Resident rate with PAN: 10% on excess amount; PAN verification required.
• Resident without PAN: 20% withholding.
• Aadhaar linkage: 20% withholding if Aadhaar not linked to PAN.
• Non-residents: 20% withholding; DTAA benefits require documentation; rate may apply after review.
• Submission deadline: Documents via mdpl.in; links disabled after 5 PM Sept 12, 2026.
• Joint holders: First named holder must furnish documents; refunds via tax filing if over-deducted.

Financial highlights

• Total income 172.14 crore, up 44.45% YoY.
• PBT 129.73 crore, up 47.44% YoY.
• Consolidated results for quarter ended 30 June 2026.

Capital action

• Board approves QIP up to ₹1,000 crore, subject to approvals.

Outlook and commentary

• CEO notes strongest-ever quarterly performance on standalone and consolidated basis.
• Outlook: strong balance sheet and diversified platform to sustain growth momentum.

Issue overview

• Type: Preferential issue of Equity Shares via conversion of Warrants.
• Issuer: Ashika Global Securities Limited (formerly Ashika Credit Capital Limited).
• Monitoring agency: Acuité Ratings and Research Limited.
• Period: Quarter ended 30 June 2026.
• Main objectives for proceeds are not stated in the excerpt.

Utilisation status

• No utilisation details, allocations, or status provided in excerpt.
• No information on approvals, deviations, or unutilised funds included.

Governance & compliance

• Monitoring agency appointed to oversee utilization of preferential issue proceeds.
• No material governance events described in the excerpt.

GCP

• GCP not stated in the excerpt.

Key points

• No deviation/variation in utilisation of funds raised via preferential issue in the quarter.
• Mode of fund raising: equity shares issued on conversion of warrants under a preferential basis.
• Date of fund raising disclosed in filing; no explicit date provided here.
• Total funds raised during the quarter disclosed; exact figures not repeated here.
• Monitoring agency involvement: applicable; name disclosed in filing.
• Audit Committee comments: None; Auditors comments: None.
• Original vs modified objects show allocations; no material deviation reported.
• Status of fund utilisation: as per table, no deviation; utilisations reported.
• Note: upfront payment forfeited due to non-exercise; balance not received.

Audit Committee certification

• Audit Committee certifies distribution of net sale proceeds to eligible shareholders.
• Net sale proceeds distributed: Rs 4,381.52.
• Distribution completed on July 29, 2026 under the Scheme.

Independent Directors certification

• Independent Directors certify distribution of net sale proceeds to eligible shareholders.
• Net sale proceeds distributed: Rs 2,381.52.
• Distribution completed on July 29, 2026 under the Scheme.

QIP plan and approvals

• Board approved raising funds up to Rs 1000 crores via QIP or other modes, subject to approvals.
• Type of securities: Equity shares and/or convertible securities (including warrants) or any combination.
• Total aggregate up to Rs 1000 crores.
• Board approved; shareholder approvals and regulatory approvals required.
• Board meeting held on 31 July 2026.
• ACL became wholly owned subsidiary on June 30, 2026 after acquisition of more ACL shares.
• Statement on deviation in use of funds: No deviation reported.

reader-facing section

• No dematerialisation requests were received during 01.04.2026 to 30.06.2026, as certified by the Registrar and Transfer Agent.

KYC update mandate for shareholders

• KYC updation mandate for physical and demat holders under SEBI circular HO/38/13/2026.
• Shareholder communications dispatched by Ashika Global Securities Limited on 3 July 2026; RTA: Maheshwari Datamatics Pvt Ltd.
• Required updates: PAN linked with Aadhaar, contact, bank details, signature, and nomination.
• Forms: ISR-1 for PAN/linked data; ISR-2 for contact/bank/signature; SH-13/SH-14 for nominations; ISR-3 for opt-out.
• Dividends/payments to non-updated holders may be withheld; electronic payment after KYC completion.
• Unpaid dividends may be transferred to IEPF if DP not updated.
• How to submit: IPV at RTA office, post, or e-sign via contact@mdplcorporate.com.
• RTA contact: MDPL Kolkata; phone and email details provided in notice.
• Shareholders are encouraged to dematerialise for smoother services.
• Website and RTA portal provide downloadable forms.