Ashika Global Securities appointed Ajay Pratapray Shanghavi as an independent director and Vatsal Jain as an executive director in its unlisted material subsidiary, Ashika Stock Services Limited. The appointments were approved by the board on September 3, 2026, and are subject to shareholder approval at the ensuing general meeting.

The company disclosed the moves under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors have been appointed for a term of three consecutive years effective from September 3, 2026.

Board Appointments

Mr. Shanghavi, who holds a DIN of 00084653, joins as a non-executive independent director. He is not liable to retire by rotation. Mr. Jain, holding DIN 11853346, is appointed as an executive director (whole-time director) and is liable to retire by rotation.

Director Profiles

Mr. Shanghavi brings over 39 years of experience across engineering, manufacturing, IT, financial services, and media sectors. He has served on the boards of more than 30 companies and possesses expertise in corporate strategy, business growth, and HR strategy.

Mr. Jain serves as the Chief Innovation Officer of Ashika Stock Services Limited and is part of the promoter group. He leads innovation, digital transformation, and strategic growth initiatives for the group, including retail and institutional businesses. He also oversees the development of alternative investment and global capital market businesses.

Key Details

Related Party Disclosure

The filing notes that Mr. Vatsal Jain is the son of Mr. Daulat Jain, who serves as the managing director of both Ashika Global Securities Limited and Ashika Stock Services Limited. No such relationship was disclosed for Mr. Shanghavi.

Ashika Global Securities has submitted its annual report for FY26 to the Bombay Stock Exchange. The filing confirms that the company’s 33rd annual general meeting will be held on September 19, 2026, through video conferencing or other audio-visual means.

The submission was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice convening the AGM and the annual report are available on the company’s website and stock exchange platforms.

Dividend and AGM Details

Ashika Global Securities has fixed September 12, 2026, as the record date for determining shareholder entitlement to the final dividend for FY26. The payout will be made by October 18, 2026, subject to applicable TDS.

The proposed final dividend is Re. 0.50 per equity share for FY26. Members whose names appear in the Register of Members or the Register of Beneficial Owners maintained by depositories as on September 12, 2026, will be eligible for the dividend if declared at the AGM. The register of members and share transfer books will remain closed from September 13 to September 19, 2026.

Capital Raise Proposal

The Board seeks member approval to issue eligible securities, including equity shares, non-convertible debt instruments with warrants, or convertible securities, in one or more tranches. The proceeds are intended for organic and inorganic growth, strategic initiatives, repayment of borrowings, working capital requirements, and general corporate purposes.

Key terms of the proposed issuance include:

• Allotment must be completed within 365 days of passing the resolution.
• Minimum 10% of equity shares allotted to mutual funds.
• No single allottee can receive more than 50% of the total issue size.
• Eligible securities carry a one-year lock-in period from the date of allotment.
• Promoters and related parties are barred from subscribing to the QIP.

Compliance and Notice Dispatch

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has dispatched physical letters to shareholders whose email addresses are not registered with the company or depositories. These letters provide web-links to access the Annual Report for FY26 and the notice convening the 33rd AGM.

Members without registered email IDs are requested to update their details to receive future communications electronically. Physical copies of the notice and annual report can be requested in writing.

Auditor Appointment and Director Re-appointment

The company proposes appointing M/s. J K V S & Co, Chartered Accountants, as statutory auditors for three consecutive years until the conclusion of the 36th AGM in 2029. The proposed audit fee for FY27 is ₹18 lakh, exclusive of taxes and out-of-pocket expenses.

Mr. Amit Jain, Executive Director and CFO of Ashika Stock Services Ltd, retires by rotation and offers himself for re-appointment. He has served on the board since August 4, 2021, and does not draw remuneration from Ashika Global Securities.