17th Annual Report of the Company for F.Y. 2025-26 for AGM to be held on September 23, 2026

ASHNISHA INDUSTRIES LIMITED August 31, 2026 Department of Corporate Services BSE Limited Ground Floor, P. J. Towers, Dalal Street, Fort, Mumbai -400 001 Security ID: ASHNI Security Code: 541702 Dear Sir/Madam, Sub: Annual Report for the Financial Vear 2025-26 We would like to inform that 17th Annual General Meeting ('AGM') of the Members of the Company 1s scheduled to be held on Wednesday, September 23, 2026 at 03:30 P.M. IST through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM) in terms of applicable circulars issui>d by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI), to transact the businesses, as set out in the Notice of AGM. Pursuant to Regulation 30 and 34(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Notice of 17th AGM along with Annual Report of the Company for FY 2025-26, which is being sent to all the members of the Company whose e-mail addresse-. are registered with the Company I Registrar and Transfer Agent I Depository Partic1pant(s). This is for your information and records. Thanking you. For, Ashnisha Industries Limited Ashok C. Shah Managing Director DIN: 02467830 Encl: As above Registered Office: Corporate House-2, Anam-2, lscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli, Ahmedabad - 380058, Gujarat, India Phone: 6358028107 ANNUAL REPORT 2025-26 ASHNISHA INDUSTRIES LIMITED 17TH ANNUAL REPORT OF ASHNISHA INDUSTRIES LIMITED F.Y. 2025-26 ANNUAL REPORT 2025-26 ASHNISHA INDUSTRIES LIMITED ASHNISHA INDUSTRIES LIMITED 17TH ANNUAL REPORT 2025-26 BOARD OF DIRECTORS Mr. Ashok C. Shah Managing Director Mr. Shalin A. Shah Non-Executive Director Mrs. Deepti G. Gavali Independent Director (upto August 07, 2026) Mr. Kunjan N. Rathod Independent Director (w.e.f. December 13, 2025) Mr. Swapnil S. Shimpi Independent Director Mr. Yash V. Bodade Independent Director Mr. Umangkumar Patel Independent Director ( w.e.f May 14, 2025 & upto September 14, 2025) Ms. Jhanvi Sethi Independent Director (w.e.f. August 14, 2026) MANAGEMENT TEAM Mr. Hirenkumar Chief Financial Officer Tribhovandas Makwana Ms. Payal Pandya Company Secretary & Compliance Officer (w.e.f May 03, 2025) REGISTERED OFFICE Corporate House-2, Anam-2, Iscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli, Ahmedabad-380058 Website: www.ashnisha.in, E-mail: ashnishalimited@gmail.com Contact: 6358028107 STATUTORY AUDITORS M/s. GMCA & Co., Chartered Accountants, Ahmedabad. SECRETARIAL AUDITOR Mr. Chintan K. Patel, Practicing Company Secretary, Ahmedabad. BANKERS ICICI Bank Ashram Road, Ahmedabad – 380009 REGISTRAR & Purva Sharegistry (India) Private Limited SHARE TRANSFER AGENTS Shiv Shakti Industrial Estates, Unit No. 9 J. R. Boricha Marg, Opp. Kasturba Hospital Lane Lower Parel (E), Mumbai- 400 011 WEBSITE www.ashnisha.in ROUTE MAP TO THE AGM The AGM will be held through Video Conferencing (VC) VENUE ANNUAL REPORT 2025-26 ASHNISHA INDUSTRIES LIMITED TABLE OF CONTENT PARTICULARS PAGE NO. Notice Board’s Report Management Discussion & Analysis Report Secretarial Audit Report Corporate Governance Report Independent Auditors’ Report Balance Sheet Statement of Profit & Loss Cash Flow Statement Notes Forming Part of Financial Statement ANNUAL REPORT 2025-26 ASHNISHA INDUSTRIES LIMITED NOTICE OF 17TH ANNUAL GENERAL MEETING Notice is hereby given that 17th Annual General Meeting for the Financial Year 2025-26 of the Members of Ashnisha Industries Limited (‘the Company’) will be held on Wednesday, September 23, 2026 at 3:30 P.M. IST through Video Conferencing (VC)/other Audio-Visual Means (OAVM) to transact the following business:- ORDINARY BUSINESS: 1. ADOPTION OF THE ANNUAL AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTS AND REPORTS THEREON To consider and adopt the audited standalone and consolidated financial statements of the Company for the year ended on March 31, 2026 together with the reports of the Board of Directors and the statutory auditors thereon. To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the Audited Standalone and Consolidated financial statements of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon, as circulated to the Members be and are hereby received, considered and adopted”. 2. APPOINTMENT OF A DIRECTOR IN PLACE OF MR. SHALIN ASHOK SHAH (DIN: 00297447) RETIRING BY ROTATION To appoint a Director in place of Mr. Shalin Ashok Shah (DIN: 00297447), who retires by rotation and being eligible, offers himself for re-appointment. To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT in accordance with the provisions of Section 152 and other applicable provisions, if any, of the Companies Act, 2013 read with Rules made thereunder (including any statutory modification(s) or re- enactment(s) thereof for the time being in force), Mr. Shalin Ashok Shah (DIN: 00297447), who retires by rotation as a Director at the 17th Annual General Meeting, and being eligible, offers himself for reappointment, be and is hereby re-appointed as a Director of the Company.” 3. APPOINTMENT OF M/S KEYUR BAVISHI & CO., CHARTERED ACCOUNTANTS (FIRM REG. NO. 131191W), AS STATUTORY AUDITORS OF THE COMPANY To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Sections 139, 142 and other applicable provisions, if any, of the Companies Act, 2013 read with the Rules framed thereunder as amended from time to time (including any statutory modification(s) or re-enactment thereof for the time being in force) and based on the recommendation of Audit Committee and the Board of Directors, M/s. Keyur Bavishi & Co., Chartered Accountants (Firm Reg. No. 131191W), be and are hereby appointed as the Statutory Auditors of the Company, to hold office for a term of five consecutive years from the conclusion of the 17th Annual General Meeting (AGM) until the conclusion of the 22nd AGM of the Company to be held in 2031, on such remuneration as may be mutually agreed upon between the Board of Directors and the Statutory Auditors. RESOLVED FURTHER THAT the Audit Committee and Board of Directors of the Company, be and are hereby authorized to revise, alter, modify, or amend the terms and conditions and/ or remuneration, from time to time, as may be mutually agreed with the Auditors, during the tenure of their appointment.” ANNUAL REPORT 2025-26 ASHNISHA INDUSTRIES LIMITED SPECIAL BUSINESS: 4. REGULARIZATION OF APPOINTMENT OF MRS. JHANVI VIKAS SETHI (DIN:08593000) AS A NON-EXECUTIVE, INDEPENDENT DIRECTOR OF THE COMPANY: To consider and if thought fit, to pass with or without modification(s) following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and 161(1) and other applicable provisions, if any, of the Companies Act, 2013 (“Act”), read with Schedule IV to the Act and the Companies (Appointment and Qualification of Directors) Rules, 2014, and Regulation 17, Regulation 25 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), as amended from time to time, and based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors of the Company, Mrs. Jhanvi Vikas Sethi (DIN: 08593000), who was appointed as an Additional Director in the capacity of Non-Executive, Independent Director of the Company with effect from August 14, 2026 and who has submitted a declaration confirming that she meets the criteria of independence as provided under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI LODR Regulations and is eligible for being appointed as an Independent Director of the Company, be and is hereby appointed as an Independent Dire [Showing first 8,000 characters — download PDF for full document]