BSECompany Update14h ago · 23 Oct 2026, 07:08 pm
With reference to our earlier intimation dated 03.07.2026 with respect to proposed acquisition of 26% equity stake in Resurgent India Rating Private Limited (RIRPL), please be informed that Ashika Global Securities Limited (AGSPL) has today, i.e. 23.10.2026, successfully completed the acquisition of 26% equity stake in RIRPL. Consequent to this acquisition, RIRPL has become an Associate Company of AGSPL.
Ashika Global Securities Ltd · 543766
✦ AI Summary▲ PositiveM&A
Ashika Global Securities Ltd has successfully completed the acquisition of 26% equity stake in Resurgent India Rating Private Limited (RIRPL), making RIRPL an Associate Company of AGSPL.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Ashika Global Securities Ltd - 543766 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Attachments (1)
📄pdf
Download →
2c8e03fc-89e2-4ef7-a968-5f00c01f1649.pdf
View document text
Ashika Global Securities Limited
(Formerly, Ashika Credit Capital Limited)
CIN: L67120WB1994PLC062159
23rd October, 2026
General Manager,
Department of Corporate Service,
BSE Ltd,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400001
Scrip Code: 543766
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure
Requirements) Regulation, 2015- Update on Acquisition
Ref: Our earlier communication dated 3rd July, 2026
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
and in continuation of our earlier intimation dated 3rd July, 2026 with respect to infusion of funds and execution of Share Purchase Agreement
(‘SPA’) for proposed acquisition of 26% equity stake in Resurgent India Rating Private Limited (RIRPL), we wish to update that in accordance
with the terms of the aforementioned SPA, the Company has successfully completed the acquisition of 26% equity shareholding in RIRPL.
Consequent to this acquisition, RIRPL has become an Associate Company of Ashika Global Securities Limited (formerly, Ashika Credit Capital
Limited).
Details required as per Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated 30th January, 2026 is attached with this intimation as Annexure ‐A.
This is for your information and records please.
Thanking you
Yours truly,
For Ashika Global Securities Limited
(formerly, Ashika Credit Capital Limited)
(Anju Mundhra)
Company Secretary & Compliance Officer
F6686
Encl: As Above
Registered Office: Trinity, 226/1, A.J.C. Boss Road, 7th Floor, Kolkata 700 020 | T: +91 33 4010 2500 | secretarial@ashikagroup.com
Corporate Office: Altimus, Level 35, Dr. G. M. Bhosle Marg, Worli, Mumbai 400 018 | T: +91 22 6372 0000 | ashika@ashikagroup.com www.ashikagroup.com
Growing and Sharing with you
Ashika Global Securities Limited
(Formerly, Ashika Credit Capital Limited)
CIN: L67120WB1994PLC062159
Annexure A
Details required as per Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated 30th January, 2026
Sl. No. Particulars Details
1 Name of the target entity, details in brief such as size, turnover RESURGENT INDIA RATING PRIVATE LIMITED
etc.
Turnover: NIL (newly incorporated)
Paid-Up Share Capital : ₹1,00,000/-
2 Whether the acquisition would fall within related party No, the acquisition doesn’t fall under Related Party Transaction.
transaction(s) and whether the promoter/ promoter group/ group
companies have any interest in the entity being acquired? If yes,
nature of interest and details thereof and whether the same is
done at “arm’s length”
3 Industry to which the entity being acquired belongs Ancillary to Financial Services (it shall provide rating to
Companies)
4 Objects and impact of acquisition (including but not limited to, The acquisition is a part of the Company's strategic objective to
disclosure of reasons for acquisition of target entity, if its expand its presence across the financial services sector.
business is outside the main line of business of the listed entity)
5 Brief details of any governmental or regulatory approvals N.A.
required for the acquisition
6 Indicative time period for completion of the acquisition The said acquisition has been successfully completed on 23rd
October, 2026.
7 Consideration- Whether cash consideration or share swap or Cash Consideration
any other form and details of the same
8 Cost of acquisition and/or the price at which the shares are 2,600 equity shares to be acquired at Face Value of ₹10/- each
acquired i.e. ₹26,000/-
9 Percentage of shareholding / control acquired and / or number 2600 Equity shares equivalent to 26%
of shares acquired
10 Brief background about the entity acquired in terms of RESURGENT INDIA RATING PRIVATE LIMITED, a Company
products/line of business acquired, date of incorporation, history incorporated under Companies Act, 2013 at Gurgaon, Haryana,
of last 3 years turnover, country in which the acquired entity has to carry on the business of a Credit Rating Agency (CRA)
presence and any other significant information (in brief)
Date of Incorporation: 03/02/2026
Country in which the acquired entity has presence: India
Turnover for the last 3 financial years: Not applicable.
Registered Office: Trinity, 226/1, A.J.C. Boss Road, 7th Floor, Kolkata 700 020 | T: +91 33 4010 2500 | secretarial@ashikagroup.com
Corporate Office: Altimus, Level 35, Dr. G. M. Bhosle Marg, Worli, Mumbai 400 018 | T: +91 22 6372 0000 | ashika@ashikagroup.com www.ashikagroup.com
Growing and Sharing with you