Ashima Limited confirms full compliance with SEBI regulations for FY26

Ashima Limited has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended 31st March, 2026. The company submitted its Annual Secretarial Compliance Report to BSE Limited and National Stock Exchange of India Ltd, confirming adherence to material provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by Practicing Company Secretary Tapan Shah, validates the company's governance standards and regulatory adherence during the review period.

The certification process involved an examination of documents, records, filings, and the company's website. Tapan Shah reported that Ashima Limited maintained proper records under the provisions of the applicable regulations and circulars. The audit confirmed that no actions were taken against the listed entity, its promoters, directors, or subsidiaries by SEBI or stock exchanges during the financial year. Furthermore, no observations were issued in the previous report, rendering compliance on past observations inapplicable.

The compliance status covered various operational and governance aspects. The company confirmed that all applicable policies under SEBI Regulations were adopted by the board of directors and reviewed or updated as required. Ashima Limited maintained a functional website with timely dissemination of required documents. The report also verified that none of the company's directors were disqualified under section 164 of the Companies Act, 2013.

Compliance Status Overview

The following table summarizes the key compliance areas verified during the audit for FY26:

Sr. No.	Particulars	Compliance Status	Observations/Remarks
1.	Secretarial Standard compliance	Yes	---
2.	Adoption and updation of policies	Yes	---
3.	Maintenance and disclosures on website	Yes	---
4.	Disqualification of Director	Yes	---
5.	Details related to Subsidiaries	N.A. / Yes	No material subsidiary; one wholly owned subsidiary
6.	Preservation of Documents	Yes	---
7.	Performance Evaluation	Yes	---
8.	Related Party Transaction	Yes	---
9.	Disclosure of events or information	Yes	---
10.	Prohibition of insider Trading	Yes	---
11.	Action taken by SEBI or stock Exchange	No	No action taken
12.	Resignation of Statutory Auditors	N.A.	No resignation
13.	Additional Non-compliances	No	No such non-compliance observed

The report explicitly stated that there were no deviations from compliance requirements or additional non-compliances observed during the period. Consequently, the tables detailing deviations and remedial actions for previous observations were marked as not applicable. The company also confirmed compliance with the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) as notified by the Central Government.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.49%	-1.89%	-0.37%	-18.54%	-50.89%	-10.67%

Ashima Limited has reported a consolidated net loss of ₹2,030 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹1,900 lakh in the previous year. Total income for the year increased to ₹2,186 lakh from ₹1,360 lakh in FY25. For the quarter ended March 31, 2026, the net loss stood at ₹694 lakh. The Board of Directors approved the audited Standalone and Consolidated Financial Results at a meeting held on May 23, 2026.

Financial Performance

The company's financial performance for the year reflects continued losses despite a rise in total income. The Real Estate segment reported revenue of ₹566 lakh, while the Investment segment contributed ₹476 lakh. Total assets as of March 31, 2026, stood at ₹55,708 lakh, matching total equity and liabilities.

Metric	FY26 (₹ in Lacs)	FY25 (₹ in Lacs)
Total Income	2,186	1,360
Total Expenses	2,802	1,386
Net Loss	(2,030)	(1,900)
Basic EPS	(1.06)	(0.99)

Operational Highlights

Revenue from operations for the year rose to ₹1,201 lakh from ₹1,048 lakh in the previous year. The company also published the extract of these results in Western Times (English) and Western Times (Gujarat), Ahmedabad Edition, on May 25, 2026, pursuant to Regulation 30 read with Schedule III Part A Para A and Regulation 47 of SEBI Listing Regulations.

Board Decisions

Besides the financial results, the Board approved the draft Postal Ballot Notice with a cut-off date of May 22, 2026. The statutory auditors, M/s Mukesh M. Shah & Co., issued an audit report with an unmodified opinion on the financial results. The Trading Window for dealing in securities will remain closed until 48 hours after the declaration of the financial results.