Notice of 17th Annual General Meeting to be held on Wednesday, 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: Notice of 17th Annual General Meeting of the Company This is with reference to the above captioned subject line and pursuant to Regulation 30 of SfBI (Llc;t1rg Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith tht> Nut1l P of 17th Annual General Meeting of the Company to be held on Wednesday, September 23, 2026 at 03:30 P.M. IST through Video Conferencing (VC)/other Audio-Visual Means (OAVM) This is for your information & 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 CIN: L46620GJ2009PLC057629 Email: ashishaindustriesf@em;til rnm Wohcito· """'" ·~1• 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 Director of the Company, not liable to be retire by rotation, to hold office for a first term of five (5) consecutive years with effect from August 14, 2026 to August 13, 2031. RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to do all such acts, deeds, matters and things and execute all such documents as may be necessary, proper or expedient to give effect to this resolution.” 5. ENTERING INTO MATERIAL RELATED PARTY TRANSACTIONS WITH RHETAN TMT LIMITED 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 Regulation 23 and all other applicable Regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), Section 188 and all the applicable provisions, if any of the Companies Act, 2013 (the “Act”) along with the Rules made thereunder and other applicable laws including any amendments, modifications, variations or re-enactments thereof for the time being in force, pursuant to the recommendations of the Audit Committee and the Board of Directors of the Company, approval of the Members of the Company be and is hereby accorded for entering into and/or continuing to enter into contracts/arrangements/transactions/agreements, in the ordinary course of business and on arm’s length basis with Rhetan TMT Limited, a ‘Related Party’ of the Company within the meaning of Section 2(76) of the Act and Regulation 2(1)(zb) of the Listing Regulations, in the nature of a) sale, purchase, lease or supply of goods; b) procurement or rendering of services; c) transfer of any resources, services or obligations to meet the Company’s business objective/requirements; and d) availing/advancing of borrowings / inter corporate loans/ advances (“Related Party Transactions”), on an ongoing basis, whether individually and/or in the aggregate shall not exceed Rs. 150 Crore during the financial year 2027-28 on such material terms and conditions as detailed in the explanatory statement to this resolution and on such terms and conditions as may be decided by the Board of Directors of the Company (including any Commi [Showing first 8,000 characters — download PDF for full document]