Ashima Limited reports FY26 net loss of ₹2,030 lakh

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.68%	+0.50%	-5.44%	-3.29%	-47.26%	-19.35%

Ashima Limited has announced significant board changes involving the appointment of a new independent director and the reconstitution of key board committees. The company's Board of Directors approved these changes by circulation on May 1st, 2026, as disclosed in their regulatory filing under Regulation 30 of SEBI Listing Regulations.

Director Appointment

The company has appointed Mr. Malay Jayendra Dalal as Additional Director in the category of Non-Executive Independent Director effective May 1st, 2026, for a period of five years subject to shareholder approval. Mr. Dalal is not liable to retire by rotation. The company confirmed that he is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, and he is not disqualified under Section 164 of the Companies Act, 2013.

Parameter	Details
Director Name	Mr. Malay Jayendra Dalal
DIN	01896746
Category	Non-Executive Independent Director
Effective Date	May 1st, 2026
Term Duration	5 years
Approval Required	Shareholders

Director Profile

Mr. Malay Jayendra Dalal brings extensive professional experience to the board as a Fellow Chartered Accountant with over 35 years of experience. His professional background includes serving as a trusted professional to diverse organizations including banks, multinational corporations, listed entities, Government corporations and real estate firms in the capacity of Auditor, Tax Consultant and other advisory roles. He has been actively engaged in outsourcing activities, both domestic and international, across various geographies for the past 25 years. The company disclosed that Mr. Dalal is not related to any other Director of the Company.

Committee Reconstitution

Following the appointment of Mr. Dalal, the company has reconstituted its Audit Committee, Stakeholders' Relationship Committee, and Sub-Committee to maintain compliance with the requirements of the Companies Act, 2013 and SEBI Listing Regulations.

Audit Committee

Existing Constitution		Proposed Reconstitution
Name	Category	Name	Category
Mr. Nilesh Mehta, Chairman	Non-Executive Independent Director	Mr. Nilesh Mehta, Chairman	Non-Executive Independent Director
Mr. Sanjay Majmudar, Member	Non-Executive Non-Independent Director	Mr. Malay Jayendra Dalal, Member	Non-Executive Independent Director
Mrs. Koushlya Melwani, Member	Non-Executive Independent Director	Mrs. Koushlya Melwani, Member	Non-Executive Independent Director

Stakeholders' Relationship Committee

Existing Constitution		Proposed Reconstitution
Name	Category	Name	Category
Mrs. Koushlya Vijay Melwani, Chairman	Non-Executive Independent Director	Mrs. Koushlya Vijay Melwani, Chairman	Non-Executive Independent Director
Mr. Neeraj Golas, Member	Non-Executive Non-Independent Director	Mr. Neeraj Golas, Member	Non-Executive Non-Independent Director
Mr. Sanjay Majmudar, Member	Non-Executive Non-Independent Director	Mr. Malay Jayendra Dalal, Member	Non-Executive Independent Director

Sub-Committee

Existing Constitution		Proposed Reconstitution
Name	Category	Name	Category
Mr. Chintan Parikh, Chairman	Chairman and Managing Director	Mr. Krishnachintan Parikh, Chairman	Executive Director
Mr. Krishnachintan Parikh, Member	Executive Director	Mr. Chintan Parikh, Member	Chairman and Managing Director
Mrs. Koushlya Vijay Melwani, Chairman	Non-Executive Independent Director	Mrs. Koushlya Vijay Melwani, Member	Non-Executive Independent Director

Regulatory Compliance

The board changes were communicated to both BSE Limited and National Stock Exchange of India Ltd under the company's security codes 514286 and ASHIMASYN respectively. The filing was made on May 1st, 2026, under SEBI Regulation 30, with Shah Harshil Ketanbhai serving as Company Secretary and Compliance Officer.