Please find enclosed herewith Reports of Audit Committee and Independent Directors of the Company.

Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited) CIN: L67120WB1994PLC062159 31st July, 2026 General Manager Department of Corporate Service BSE Ltd Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001 Scrip Code: 543766 Dear Sir/Madam, Sub: Submission of Reports of the Audit Committee and Independent Directors pursuant to Clause D of Part – I of the SEBI Master Circular on Scheme of Arrangement dated June 20, 2023 Ref : Composite Scheme of Amalgamation of (I) Ashika Commodities & Derivatives Private Limited (“ACDPL” or “Transferor Company”), Wholly Owned Subsidiary of Ashika Global Securities Private Limited (“AGSPL” or “Amalgamating Company” or “Transferee Company”), with and into AGSPL and (Ii) AGSPL with and into Ashika Credit Capital Limited (“ACCL” or “Amalgamated Company”) {Now name changed to Ashika Global Securities Limited “AGSL”} and their respective Shareholders and Creditors pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and Rules framed thereunder This is with reference to our intimation dated May 28, 2026, wherein we had informed about the allotment of equity shares of the Ashika Credit Capital Limited (now name changed to Ashika Global Securities Limited) pursuant to the Composite Scheme of Amalgamation of (i) Ashika Commodities & Derivatives Private Limited (“ACDPL” or “Transferor Company”), Wholly Owned Subsidiary of Ashika Global Securities Private Limited (“AGSPL” or “Amalgamating Company” or “Transferee Company”), with and into AGSPL and (ii) AGSPL with and into Ashika Credit Capital Limited (“ACCL” Or “Amalgamated Company”) {now name changed to Ashika Global Securities Limited “AGSL”} and their respective Shareholders and Creditors pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and Rules framed thereunder, became effective from May 15, 2026, as per terms and conditions therein. The 6 (Six) share of the AGSL arising of the fractional entitlements were hence allotted to Catalyst Trusteeship Limited, Corporate on the allotment date i.e. May 28, 2026 to distribute the net sale proceeds of the fractional entitlements to the eligible shareholder in proportion of their fractional entitlements We submit and enclosed herewith are the Reports of the Audit Committee and the Independent Directors, certifying that the eligible shareholder has been compensated with respect to his fractional entitlement, and the distribution of the net sale proceeds of the fractional entitlements to the eligible shareholder in proportion of their fractional entitlements have been completed on July 29, 2026 in terms of the Scheme This is for your information and record. Thanking you, Yours truly, For Ashika Global Securities Limited (formerly, Ashika Credit Capital Limited) (Anju Mundhra) Company Secretary and Compliance Officer F6686 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 ashika (Formerly, Ashika Credit Capital Limited) CIN: L67120WB1994PLC062159 REPORT OF AUDIT COMMITTEE OF BOARD OF DIRECTORS OF ASHIKA GLOBAL SECURITIES LIMITED (FORMERLY, ASHIKA CREDIT CAPITAL LIMITED) CERTIFYING DISTRIBUTION OF PROCEEDS TO ELIGIBLE SHAREHOLDERS OF FRACTIONAL SHARES ARISING ON ACCOUNT OF THE COMPOSITE SCHEME OF AMALGAMATION OF (1) ASHIKA COMMODITIES & DERIVATIVES PRIVATE LIMITED (“ACDPL” OR “TRANSFEROR COMPANY”), WHOLLY OWNED SUBSIDIARY OF ASHIKA GLOBAL SECURITIES PRIVATE LIMITED (“AGSPL” OR “AMALGAMATING COMPANY” OR nTRANSFEREE COMPANYU)1 WITH AND INTO AGSPL AND (I1) AGSPL WITH AND INTO ASHIKA CREDIT CAPITAL LIMITED (“ACCL” OR “AMALGAMATED COMPANY”) {NOW NAME CHANGED TO ASHIKA GLOBAL SECURITIES LIMITED “AGSL”) AND THEIR RESPECTIVE SHAREHOLDERS AND CREDITORS PURSUANT TO SECTIONS 230 TO 232 AND OTHER APPLICABLE PROVISIONS OF THE COMPANIES ACT, 2013 AND RULES FRAMED THEREUNDER. Audit Committee Members Mr, Ajay Pratapray Shanghavi - Independent Director–Chair'man 2 Mr. Dautat Jain - Managing Director – Member 3 Ms, Pinki Kedia - Independent Director– Member 4. Mr, Pravin Kutumbe - Independent Director – Member A. Background: 1 I'his is with reference to Composite Scheme of Amalgamation of (i) A$hika Commodities & Derivatives Private Limited (“ACDPL” or “Transferor Company”), Wholly Owned Subsidiary of Ashika Global Securities Private L,irnited (“AGSPL'’ or “Amalgamating Company" or “Transferee Company”), with and into AGSPI_ and (ii) AGSPL with and into Ashika Credit Capital Limited (“ACCL'’ Or “Amalgamated Company”) {now name changed to Ashika Global Securities Limited “AGSL”} and their respective Shareholders and Creditors pursuant to Sections 230 to 232 and other applicable provisions of the ComF:art ies Act, 2013 and Rules framed thereunder, became effective from May 15, 2026, as per terms and conditions therein 2. Pursuant to the Scheme, the name oF the Amalgamated Company has been changed to Ashika Global Securities Limited with effect from June 23, 2026, upon issuance of new Certificate of Incorporation by the Ministry of Corporate Affairs, Government of In'iia on June 23, 2026. 3 The Amalgamated company on May 28, 2026 allotted 4,03,52,586 fuliy paid equity shares of Rs.10/- each of the company to the eligible shareholders of the Transferee/Amalgamating company, who were holding equity shares of AGSPL 3s on the Record date i.e.; May 27, 2026, as per the share exchange ratio determined in the aforesaid Scheme i.e. 6726:10000 i.e. “a 726 (Six thou£and seven hundred and twenty-six) equity shares of face value of INFR 1 0/- each fully paid-up of Amalgamated Company issued for avery 10,000 (Ten thousand) equity shares having a face value INFI 10/. each fully paId-up netd in Amatgarnating Company. The fully paid-up equity shares allotted to the eligible shareholders of the Transferee/AmalgamatingC ompany rank pari-passu in all respects with the existing fully paid-up equity shares of the Amalgamated Company. White determining the allotment pursuant to the Scheme, certain shareholders became entitled to fractional entitlements, The aforesaid allotment inciuded 6 (six ) fully paid-up equity shares of the Amalgamated company arisIng out of the consolidation of the fractional share entitlements of the eligible shareholders of AGSPL . 4 As per ciause 20.3 of the scheme, For the purposes of allotment of the New Shares of Amalgamated Company, pursuant to this Scheme, in case any Amalgamating Company's shareholder becomes entitled to any fractional shares, entitlements or credit on the issue and allotment of the New Shares of Anialgamated Company by the Amalgamated Company in accordance with Clause 20.1 above1 the Amalgamated Company shall not issue fractional shares to such. shareholder and-shall consOlidate all such fractional entitlements and round up the aggregate.of such fractions to the next whole nuntber and shall, without any further application, act, instrument or deed,' issue and allot such consolidated equity shares directly to an individual trugt or a board of trustees or a corporate trustee nominated by the Amalgamated Company ("Trustee"), Who shall hold such New Shares of Amalgamated Company with an additions or accretions thereto in trust For the benefit of the respective shareholders, to whom they beEong and their respective heirs, executors, administrators or successors for the specific purpose of selling such equity shares in Registered Office: Trinity1 226/11 A.J.C. Boss Roadr 7th Floor, Kolkata 700 020 1T : +91 33 4010 2500 I secretarial@ashikagroup.com www.ashikagroup.com Corporate Office: Altimus1 Level 35F Dr, G. M, Bhosle Marg, Worlip Mumbai 400 018 1T : +91 22 6372 0000 1a shika@ashikagroup.com Growing and Sharing with you Ashika Global Securit [Showing first 8,000 characters — download PDF for full document]