BSECompany Update2h ago · 31 Oct 2026, 01:13 pm
We wish to inform you that the Company filed pursis for withdrawal of the civil suit against HDFC Bank before the Hon'ble Commercial Court, City Civil Court, Ahmedabad yesterday, i.e. on 30th October, 2026 and the Hon'ble Court has passed an order on the same day disposing of the suit as withdrawn.
Ashima Ltd · 514286
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Ashima Ltd has filed a pursis for withdrawal of a civil suit against HDFC Bank, which has been disposed of by the court. HDFC Bank will pay approximately Rs. 4,06 Crores to the company, concluding the settlement proceedings.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Ashima Ltd - 514286 - Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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oshimd
TIMITED
Registered ffice : 1 st Floor, ttMiF/a" , Near Khadayata Colony, Ellisbridge, Ahmedabad - 380 006, lndia
Phone 291-79-4N19600 E-mail : texcellence@ashima.in Website: www.ashima.in
CIN : 199999GJ1 982PtC005253
31st October,2026
To, To,
BSE [imited National Stock Exchange of lndia Ltd
Corporate Relationship Department, Exchange Plaza 5th Floor, Plot no. Cf 7,
25th Floor, P J Towers, Dalal Street, G Block, Bandra Kurla Complex,
Fort, Mumbai - 400001 Bandra (East), Mumbai - 400051
sEcuRtTY coDE NO. 514286 SECURIW CODE NO. ASHIMASYN
Dear Sir/Madam,
Sub: Further update on settlement of cases with HDFC Bank Limited and Bank of Bahrain and
Kuwait B.S.C.
Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is in furtherance of our intimations dated 23rd October, 2026and 26th October,2026 regarding
the settlement of various legal cases involving the Company, HDFC Bank Limited ("HDFC Bank") and
Bank of Bahrain and Kuwait B.S.C. ("BBK").
We wish to inform you that the Company filed pursis for withdrawal of the civil suit against HDFC Bank
before the Hon'ble Commercial Court, City Civil Court, Ahmedabad yesterday, i.e. on 30th October,
2026 and the Hon'ble Court has passed an order on the same day disposing of the suit as withdrawn.
With the civil suit having been withdrawn, HDFC Bank would pay to the Compan'1 approximately
Rs,4,06 Crores, belonging to the Company, as mentioned in our earlier intimation. This would bring the
settlement proceedings to a conclusion.
This is for your information and records.
Thanking you,
Yours faithfully,
For Ashima Limited
Harshil Shah
Company Secretary & Compliance Officer