Shareholders meeting

oshimd LIMITED Re-g istered Office : l st Floor, "Adibla" , Near tGadayata glop, Ellisbridge, Ahmedabad.- 380 0(8, lndia pho ne z 91-79-4001 9600 E-mail : texcellence@ashima.in Web,site : www.ashima.in 0N : t9!t999cf l 982P1C0052s3 13th )uly,2O26 To, To, BSE Limited NationalStock Exchange of lndia Ltd Corporate Relationship Department, Exchange Plaza 5th Floor, Plot no.C/!, 25th Flool P J Towers, Dalal Street, G Block, Bandra Kurla Complex, Fort, Mumbai- 400001 Bandra (East), Mumbai - 400051 SECURITY CODE NO. 514285 SECURITY CODE NO. ASHIMASYN Dear Sir/ Madam, 5ub: Ashima Limited - Annual Report for the FinancialYear 2025-26 and Notice convening the 43'd Annual General Meeting. As required under Regulation 30 and Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Annual Report of the Company for the Financial Year 2025-26 along with the Notice convening the 43'd Annual General Meeting ('AGM") scheduled to be held on Thursday, August 06,2026 at 11:30 a.m. (lST) through Video Conferencing/ Other Audio Visual Means in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and SEBI. ln compliance with the aforesaid circulars, the Annual Report along with the Notice of the AGM is being sent only by electronic mode to those shareholders whose e-mail addresses are registered with the Company/ Registrar and Transfer Agent of the Company/Depository Participants. For those shareholders who have not registered their email ids, a letter is being sent to them providing a weblink from where the Notice of the AGM and Annual Report for the financial year 2025-26 can be accessed. The Annual Report along with the Notice of the AGM for the Financial Year 2025-26 is also available on the website of the Company at w!vst.;tshiry:a,iil. Please take the above information on record. Thanking you, Yours faithfully, For Ashima Limited HarshilShah Company Secretary and Compliance Officer Encl.: As above (cid:23)(cid:23)(cid:22)(cid:22)(cid:85)(cid:85)(cid:71)(cid:71)(cid:3)(cid:3)(cid:36)(cid:36)(cid:81)(cid:81)(cid:81)(cid:81)(cid:88)(cid:88)(cid:68)(cid:68)(cid:79)(cid:79)(cid:3)(cid:3)(cid:53)(cid:53)(cid:72)(cid:72)(cid:83)(cid:83)(cid:82)(cid:82)(cid:85)(cid:85)(cid:87)(cid:87) (cid:21)(cid:21)(cid:19)(cid:19)(cid:21)(cid:21)(cid:24)(cid:24)(cid:16)(cid:16)(cid:21)(cid:21)(cid:25)(cid:25) ASHIMA LIMITED CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Chintan N. Parikh - Chairman & Managing Director Mr. Krishnachintan C. Parikh - Executive Director Mr. Nilesh Mehta - Independent Director Mrs. Koushlya V. Melwani - Independent Director Mr. Neeraj Golas - Independent Director Mr. Sanjay S. Majmudar - Non - Independent Director (upto May 1, 2026) Mr. Malay Dalal - Independent Director (w.e.f. May 1, 2026) Ms. Uttara C. Parikh - Non-Executive Non-Independent Director (w.e.f. July 1, 2026) CHIEF EXECUTIVE OFFICER REGISTRAR AND SHARE TRANSFER AGENT Mrs. Vanita Mathur (w.e.f. March 1, 2026) MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) CHIEF FINANCIAL OFFICER 506-508, Amarnath Business Centre (abc-1), Beside Gala Business Centre, Mr. Jayesh C. Bhayani Near St. Xavier’s College Corner COMPANY SECRETARY Off. C. G. Road, Ellisbridge, Ahmedabad-380006, Gujarat. Mr. Harshil Shah Phone & Fax No. 079-26465179 / 86 /87 STATUTORY AUDITORS E-Mail : ahmedabad@in.mpms.mufg.com Website: https://in.mpms.mufg.com/ M/s Mukesh M. Shah & Co. Chartered Accountants SECRETARIAL AUDITOR Ahmedabad Shah & Shah Associates INTERNAL AUDITORS Company Secretaries Ahmedabad M/s. Dhirubhai Shah & Co. LLP Chartered Accountants COST AUDITORS Ahmedabad M/s Ankit Sheth & Co., SHARES LISTED ON STOCK EXCHANGES Cost Accountants Gandhinagar. BSE Ltd. National Stock Exchange of India Ltd. ISIN REGISTERED OFFICE & WORKS INE440A01010 1st Floor, “Aditya”, CONTENTS Near Khadayata Colony, Notice.................................................................... 01 Ellisbridge, Ahmedabad – 380006, Gujarat. Chairman’s Statement.......................................... 23 Tel. No. : 079-40019600 Board's Report...................................................... 24 Email: texcellence@ashima.in Corporate Governance Report ............................ 40 Website: www.ashima.in CIN: L99999GJ1982PLC005253 Management Discussion and Analysis................ 61 Standalone Financial Statements ........................ 74 Consolidated Financial Statements ................... 130 ANNUAL REPORT 2025-2026 NOTICE Notice is hereby given that the 43rd ANNUAL GENERAL MEETING (AGM) of ASHIMA LIMITED will be held on Thursday, August 6, 2026 at 11:30 a.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM), to transact the following businesses. The venue of the meeting shall be deemed to be the Registered Office of the Company at 1st Floor, Aditya, Near Khadayata Colony, Ellisbridge, Ahmedabad, Gujarat - 380006. ORDINARY BUSINESS:- 1. To receive, consider and adopt a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereon. 2. To appoint a Director in place of Mr. Chintan N. Parikh, Chairman and Managing Director (DIN: 00155225), who retires by rotation and being eligible, offers himself for re-appointment. SPECIAL BUSINESS: - 3. Appointment of Ms. Uttara Chintan Parikh (DIN: 02334342) as a Non- Executive Non-Independent Director of the Company. To consider and if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Sections 152, 160, 161 and all other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and the Articles of Association of the Company, Ms. Uttara Chintan Parikh (DIN: 02334342), who was appointed by the Board of Directors as an Additional Director (Non-Executive, Non-Independent) of the Company with effect from July 01, 2026 be and is hereby appointed as a Non-Executive, Non-Independent Director of the Company, liable to retire by rotation. RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof) and any Key Managerial Personnel of the Company be and are hereby severally authorised to do all such acts, deeds, matters and things, and to execute all such documents, instruments and writings, as may be considered necessary, expedient or desirable for giving effect to this resolution and to settle any question, difficulty or doubt that may arise in this regard.” 4. Approval of payment of remuneration to Ms. Uttara Chintan Parikh (DIN: 02334342), a Non- Executive Non-Independent Director of the Company. To consider and if thought fit, to pass, with or without modification(s), the following Resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Section 197 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”) read with rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) and the provisions of the Memorandum and Articles of Association, consent of the members of the Company be and is hereby accorded to the Board of Directors of the Company for payment of remuneration of J 2,50,000/- (Rupees Two Lac Fifty Thousands only) per annum to Ms. Uttara Chintan Parikh (DIN: 02334342), Non- Executive Non-Independent Director of the Company, from July 01, 2026 up t [Showing first 8,000 characters — download PDF for full document]