Ashima Limited has announced the partial early redemption of its non-convertible debentures (NCDs) worth ₹4.00 crore, exercising its call option under the terms of the debenture trust deeds. The company informed both BSE Limited and National Stock Exchange of India about this corporate action through a regulatory filing dated March 19, 2026.

Redemption Details

The redemption involves unlisted, secured, unrated, redeemable, rupee-denominated NCDs issued under debenture trust deeds dated March 16, 2023, and April 18, 2024. The redemption will be executed by reducing the paid-up value of existing NCDs rather than canceling the debentures entirely.

Debenture Holder-wise Breakdown

The partial redemption affects NCDs held by two entities, with identical terms for both holders:

Overall Impact

The comprehensive impact of this redemption on Ashima Limited's debt structure shows significant reduction in outstanding obligations:

Terms and Conditions

The redemption follows the applicable terms and conditions outlined in the debenture trust deeds. According to the NCD terms, premium on redemption, including partial redemptions, will be computed and paid at the end of the tenure of the NCDs. The balance debentures not covered under this redemption will continue to remain outstanding under their original terms.

Regulatory Compliance

This announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Harshil Shah, Company Secretary and Compliance Officer, ensuring proper regulatory disclosure of this material corporate action.

Ashima Limited has announced the appointment of Mrs. Vanita Mathur as Chief Executive Officer and Key Managerial Personnel, effective March 1, 2026. The appointment was approved during a board meeting held on February 28, 2026, demonstrating the company's commitment to strengthening its leadership team with experienced professionals.

Board Meeting Outcome

The board meeting that approved this significant appointment took place on Saturday, February 28, 2026, commencing at 11:46 a.m. and concluding at 11:52 a.m. The appointment has been made pursuant to the provisions of Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New CEO Profile and Experience

Mrs. Vanita Mathur brings extensive experience to her new role, having been associated with the group for over 30 years. She holds an MBA in Finance and has demonstrated strong leadership capabilities across multiple business functions. During her earlier tenure at Ashima Limited until June 30, 2020, she handled various assignments for the group in critical areas including finance, operations, and management control systems.

Leadership Experience and Strategic Contributions

Since 2020, Mrs. Mathur has been heading a real estate entity within the group, where she has provided strategic leadership across critical functions. Her responsibilities have encompassed engineering, legal, finance, and human resources departments. She has been instrumental in driving business growth and enhancing cross-functional alignment throughout the organization.

Her contributions extend to strengthening compliance and risk management practices, areas that are increasingly important in today's regulatory environment. Additionally, she has played a key role in the formulation and execution of long-term strategic initiatives and overall organizational development.

Regulatory Compliance and Disclosure

The appointment has been made in full compliance with regulatory requirements. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has provided all necessary details as required by SEBI Circular No. HO/CFD/CFD-PoD-2/P/CIR/2023/123 dated July 11, 2023.

The appointment represents a strategic move by Ashima Limited to leverage internal talent and institutional knowledge, with Mrs. Mathur's extensive experience within the group positioning her well to lead the company's future growth initiatives. The formal communication was signed by Harshil Shah, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Ltd.