ashima Limited has notified BSE Limited and the National Stock Exchange of India Ltd. of an upcoming Board of Directors meeting, scheduled for Saturday, May 23, 2026. The intimation, dated May 18, 2026, was filed pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to consider and approve the following matter:

Trading Window Closure

In line with the company's Code of Conduct for prevention of Insider Trading, the Trading Window for dealing in securities of Ashima Limited has been closed since April 1, 2026. This closure was communicated through an earlier intimation dated March 27, 2026. The Trading Window will remain closed until 48 hours after the declaration of the financial results on May 23, 2026.

The intimation was signed by Harshil Shah, Company Secretary and Compliance Officer, on behalf of Ashima Limited.

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.

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

Stakeholders' Relationship Committee

Sub-Committee

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.