IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, KOLKATA, COURT NO. II Company Petition C.P.(CAA) No 5/(KB)/2026 Connected with Company Application C.A.(CAA) No 196/(KB)/2025 A Petition under section 230 read with section 232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and other applicable provisions of law In the matter of:

Composite Scheme of Amalgamation (Second Motion):

AND In the Matter of:

ASHIKA COMMODITIES & DERIVATIVES PRIVATE LIMITED, a Company incorporated under the provisions of the Companies Act,1956 (CIN: U51909WB2003PTC096985) incorporated on17th September,2003and having its Registered Office at Trinity, 226/1 A.J.C. Bose Road, 7^th Floor, Kolkata, West Bengal, India,700020 in the State of West Bengal within the aforesaid jurisdiction;

.... Transferor Company For Part II /

Petitioner No 1 AND In the Matter of:

ASHIKA GLOBAL SECURITIES PRIVATE LIMITED, a company incorporated under the provisions of the Companies Act,1956 (CIN: U65929WB1995PTC069046) incorporated on 8th March, 1995 and having its Registered Office at Trinity, 226/1 A.J.C. Bose Road, 7^th Floor, Kolkata, West Bengal, India,700020 in the State of West Bengal within the aforesaid jurisdiction;

.... Amalgamating Company /

Petitioner No 2 AND In the Matter of:

ASHIKA CREDIT CAPITAL LIMITED, a company incorporated under the provisions of the Companies Act, 1956 (CIN: L67120WB1994PLC062159) incorporated on 8th March,1994 and having its Registered Office at Trinity, 226/1 A.J.C.Bose Road, 7^th Floor, Kolkata, ,,West Bengal, India,700020in the State of West Bengal within the aforesaid jurisdiction;

.... Amalgamated Company /

Petitioner No 3 AND In the Matter of:

1. ASHIKA COMMODITIES & DERIVATIVES PRIVATE LIMITED

2. ASHIKA GLOBAL SECURITIES PRIVATE LIMITED

3. ASHIKA CREDIT CAPITAL LIMITED …. …. …. PETITIONERS Order pronounced on : 08/05/2026 Coram:

Mr.Labh Singh, Member (Judicial)

Ms.Rekha Kantilal Shah, Member (Technical)

Present Appearance via video conference/physically Ms.Manju Bhuteria,Sr. Adv. ] For the Petitioner Ms.Aisha Amin,Adv. ] Ms.Rashika Patodia,Adv. ]

Mr.Gaurav Gupta,Dy. Director ]For the office of R.D.(ER) MCA

O R D E R

Per: Labh Singh, Member (Judicial)

1. Heard Ms. Manju Bhuteria,Ld.Sr. Counsel for the petitioner as well as Deputy Director for the office of RD(ER).

2. The instant Company Petition has been filed in the second stage of the proceedings under Section 230(6) read with Section 232(3) of the Companies Act, 2013 (“Act”) for sanction and confirmation of the Composite Scheme of Amalgamation which provides for:

i. amalgamation of Ashika Commodities & Derivatives Private Limited (ACDPL or Transferor Company) with and into Ashika Global Securities Private Limited (AGSPL or Transferee Company or Amalgamating Company) with effect from the Appointed Date 1st April 2025 or such other date as may be agreed between the Companies and approved by the Appropriate Authority in Part II of the Scheme.

ii. amalgamation of Ashika Global Securities Private Limited (Transferee or Amalgamating Company) with and into Ashika Credit Capital Limited (ACCL or Amalgamated Company) with Transfer Date or Appointed Date 1st April, 2025 or such other date as may be agreed between the Companies and approved by the Appropriate Authority immediately after giving effect to Part III of the Scheme and iii. after Scheme becoming effective, the name of the Petitioner Company No.3- ‘ASHIKA CREDIT CAPITAL LIMITED’ shall be changed to ‘ASHIKA GLOBAL SECURITIES LIMITED’.

A copy of the said Composite Scheme of Amalgamation (“Scheme”) is annexed to the Company Petition marked – Annexure – A in VOL I at Page No 45 to Page No 95.

3. It is submitted by the Ld. counsel appearing for the Petitioner(s) that ASHIKA CREDIT CAPITAL LIMITED / Petitioner No 3is a Listed Company and its shares are listed in BSE Limited (BSE).

4. It is submitted by the Ld. Counsel appearing for the Petitioners (s) that the Petitioner Company No.2 &the Petitioner C