Ashima Limited appointed Ms. Uttara Chintan Parikh as an Additional Director in the category of Non-Executive Non-Independent Director effective July 01, 2026. The appointment is subject to the approval of the shareholders of the company. Ms. Parikh is liable to retire by rotation.

Ms. Uttara Chintan Parikh holds a graduate degree from the London School of Economics and an MBA from the London Business School. She possesses extensive professional experience as an investment banker and e-commerce entrepreneur. Her areas of expertise include marketing, business strategy, and data analytics.

Ms. Uttara Chintan Parikh is the daughter of Mr. Chintan N. Parikh, Chairman and Managing Director of the company, and the sister of Mr. Krishnachintan Parikh, Executive Director. She is currently a Director of Saumya Constructions Private Limited, which serves as the Development Advisor for the company's ongoing real estate projects "Swan Lake" and "The Sovereign". She has been actively involved in the launch and execution of these projects.

The company confirmed that Ms. Uttara Chintan Parikh is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. She is also not disqualified from holding the office of director pursuant to the provisions of Section 164 of the Companies Act, 2013.

Consequently, the Board reconstituted the Nomination and Remuneration Committee and the Stakeholders' Relationship Committee. Mr. Neeraj Golas was replaced by Mr. Malay Jayendra Dalal in the Nomination and Remuneration Committee. In the Stakeholders' Relationship Committee, Mr. Neeraj Golas was replaced by Mr. Krishnachintan Parikh.

The appointment was intimated to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ashima Limited has secured shareholder approval to appoint Mr. Malay Jayendra Dalal as an Independent Director and to ratify a related party transaction involving its wholly owned subsidiary, Ashima Capital Management Limited. The resolutions were passed via a postal ballot conducted through remote e-voting, which concluded on June 27, 2026. The appointment of Mr. Dalal received overwhelming support, while the related party transaction was also approved with the requisite majority.

The postal ballot process was overseen by Tapan Shah, a practicing Company Secretary appointed as the Scrutinizer. The e-voting period commenced on May 29, 2026, and concluded on June 27, 2026. A total of 40,924 shareholders were eligible to vote as on the record date of May 22, 2026. The Scrutinizer's report confirmed that the votes were unblocked and witnessed by two independent individuals, Ms. Saniya Vadavariya and Ms. Sakshi Chechani, following the conclusion of the voting period.

The special resolution to appoint Mr. Malay Jayendra Dalal (DIN: 01896746) was passed with 99.94% of the valid votes in favour. A total of 141,787,758 votes were polled, with 141,703,116 votes in favour and 84,642 votes against. There were no invalid votes recorded for this resolution. The high participation from the Promoter and Promoter Group, who held 140,842,835 shares, contributed significantly to the outcome.

Shareholders also approved an ordinary resolution regarding a related party transaction between Saumya Construction Private Limited and Ashima Capital Management Limited. This resolution required approval as it involved related parties. Consequently, 140,842,835 votes from the Promoter and Promoter Group and 128,376 votes from relatives of directors or promoters were treated as invalid. Of the valid votes, 810,922 were cast in favour and 5,625 against, representing 99.31% and 0.69% of the total valid votes respectively.

Voting Results Summary

The company submitted the voting results and the Scrutinizer's report to the BSE Limited and the National Stock Exchange of India Ltd on June 29, 2026. The report was issued in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013.