Please find enclosed Outcome of Board Meeting held on 29/10/2026

29th October, 2026 To, To, BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department, Exchange Plaza 5th Floor, Plot no. C/1, 25th Floor, P J Towers, Dalal Street, G Block, Bandra Kurla Complex, Fort, Mumbai – 400001 Bandra (East), Mumbai – 400051 SECURITY CODE NO. 514286 SECURITY CODE NO. ASHIMASYN Dear Sir/ Madam, Sub: Outcome of Board Meeting held on 29th October, 2026 Ref: Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the captioned subject matter and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. 29th October, 2026, inter-alia have considered and approved following: 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half financial year ended on 30th September, 2026 along with the Statement of Assets and Liabilities and Cash Flow Statement, in accordance with the provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and also considered the Limited Review Report of M/s. Mukesh M. Shah & Co., Chartered Accountants (Firm Registration No. 106625W), the Statutory Auditors of the Company, on the Unaudited Financial Results for the quarter and half financial year ended 30th September, 2026. A copy of the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half financial year ended on 30th September, 2026, together with the Limited Review Report, is enclosed herewith. 2. The Board also approved the Notice of Postal Ballot for seeking the approval of the Members for the Related Party Transaction between:  Ashima Limited and Saumya Construction Private Limited and  Saumya Construction Private Limited and Ashima Capital Management Limited, a wholly owned subsidiary of Ashima Limited. The Results are also uploaded on the Company’s website at www.ashima.in. The meeting of Board of Directors commenced at 12.21 p.m. and concluded at 12.55 p.m. This is for your information and records. Thanking you, Yours faithfully, For Ashima Limited Harshil Shah Company Secretary & Compliance Officer Encl: As above Mu(esn co. M. SHAH & CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERTM STANDALONE FTNANCIAL RESULTS The Board of Directors Ashima Limited Ahmedabad We have reviewed the accompanying statement of Standalone Unaudited Financial Results of Ashima Limited ['the Company'], for the quarter and half year ended on September 30, 2026 ['the Statement'l attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended ("the Listing Regulations"). This statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the lndian Accounting Standard 34, 'lnterim Financial Reporting' ('lnd AS 34'), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in lndia. Our responsibility is to express a conclusion on the statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, 'Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity' issued by the lnstitute of Chartered Accountants of lndia (lCAl). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analyticaland other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid lndian Accounting Standard and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, includingthe manner in which it isto be disclosed, orthat itcontains any material misstatement. For Mukesh M. Shah & Co Chartered Accountants Firm Regn. No. 106625W Place: Ahmedabad Date: 2911.0/2026 Suvrat S. Shah Pa rtne r u[{Ni 26' t o 26 ttcPzguPqo-qg Membership No. 102651 +9L-79 -2647 2OOO I contact@mmsco.in I www. m msco.in 7'n Floor, Heritage Chambers, Behind Bikanerwala Sweets, NearAzad Society, Nehru Nagar, Ahmedabad-38Oo15 LIMITED REGD. OFFICE:1st FLOOR ADITYA, NR. KHADAYATA COLONy, ELLISBRtOGE, AHMEDABAD-380 006, cUJARAT, tNDtA CIN : L99999GJ1982P1C005253 EMAIL: -79.{0019600 #WEBSITE : ww, OF STANOALONE FOR THE QUARTER ENOED ON 3OTH tn share Year ended Sr.No. Particu la rs 30/09/2025 Unaudited lncome from Operations CONTINUING OPERATIONS: (a) Revenue from Oparations 't,438 774 366 1,735 370 1,O42 (b) Other lncome 77 167 146 954 Total lncome Expsnses (a) Cost of material consumed (b) Purchase of stock-in-trade (c) Changes in inventories of Finished goods, work-in-progress and stock-in{rade (1,uuul (2,019) (3,874) (d) Land Development & Construction Cost 1,7',tg 1,747 1,952 3,467 3,773 9,359 (e) Employee benerits expense 184 190 183 374 338 757 (0 Finance costs 248 ?46 213 495 385 896 (g) Depreciation and amorlization expense 7 7 7 14 14 28 (h) Other expenses Loss on fair valuation-lnvestment activity 1,497 381 1,020 141 362 Other expenses 204 166 117 262 458 Total Other expenses 1 1 821 Total Expenses 88 I 3 Profiu(Loss) before Exceptional items and Tax trom Continuing operations 4 Exceptional items Income/(Expense) 5 Profiu(Loss) before Tax from Continuing operations o Tax Expense Defened Tax - (Charge) / Credit 467 12 194 Profiu(Loss) for the period from Continuing operations Profiu(Loss) before Exceptional items and Tax from Discontinued operations Profl V(Loss) from Discontinued operalions (111) (7e) (27e) (354) (88e) Exceptional items of Discontinued operalions Defened Tax- (Charge) / Credit of Oiscontinued operations 29 Profiu(Loss) from Discontinued operations 9 Profiu(Loss) for the period 10 Other Comprehensive lncome Items that will not be reclassified to profit or loss : -----Re-measurement losses on post employment delined benefit plans (1 --lncome tax effect 11 Total Comprehensive lncome 12 Paid up share capital (par value Rs.10/- each, fulty paid) 19,106 19,166 19,166 166 19,166 13 Other equity excluding revaluation reserve 8,403 14 Earnings per share [EPS] (of Rs. 1 0/- each) (not annualised) Basic and diluted EPS lin Rs.]-Continuing operations (1.02) 0.10 (0.1 7) (0.e3) (0.31) Basic and diluted EPS lin Rs.l-Dis@ntinued operations (0.06) (0.08) (0.82) Basic and diluted EPS & Discontinued 0.07 1.01 NOTES: lhese flnancial results have been reviewed by the Audit Committee and have been approved by the Board of Directors at their respective meetings held on 29th October, 2026. The above results for the Quarter ended on 30th September, 2026 have been prepared in accordance with the Companies (lndian Accounting Standards) Rules, 2015 (lnd AS), prescribed under Section 133 ofthe Companies Act, 2013, and other recognised accounting practices and policies to the extent applicable. The format of the above results as prescribed in SEBI'S Circula [Showing first 8,000 characters — download PDF for full document]