Ashika Credit Capital Ltd

With reference to the captioned subject read along with the Outcome of the Board meeting held on 31st July 2024 and pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 we would like to inform you that Ms. Varsha Jain one of the proposed allottee to whom 20700 Equity Shares was proposed to be issued on Preferential Basis subject to approval of the shareholders has been disqualified pursuant to contravention of Regulation 159 of Chapter V of SEBI (ICDR)Regulations 2018. In view of this above disqualification the Preferential Issue Committee (PI Committee) of the Board of Directors of the Company pursuant to the power delegated to it by the Board of Directors of the Company in its meeting held on 31st July 2024 has proposed that these 20700 Equity Shares which were earlier proposed to be allotted to Ms. Varsha Jain shall now be allotted to Mr. Bijay Kumar Dokania another existing allottee of the preferential issue subject to approval of the shareholders.