Ashtasidhhi Industries Limited , formerly known as Gujarat Investa Limited, has officially withdrawn its preferential issue proposal following a board meeting held on March 9, 2026. The company communicated this decision to BSE Limited through a formal regulatory filing under Regulation 30 of SEBI listing requirements.

Board Decision and Official Communication

The board of directors decided to withdraw and cancel the proposal for issuing up to 20,00,000 warrants during their meeting on Monday, March 9, 2026. The decision was communicated through an official letter signed by Company Secretary and Compliance Officer Vaishaliben Sanjaybhai Jain.

Strategic Rationale Behind Withdrawal

In the official communication to BSE, the company stated that "in light of current market conditions and internal financial planning, the Company has resolved not to proceed with the Proposed Preferential Issue at this stage." This indicates a strategic pause in the company's capital raising plans, reflecting management's cautious approach to market timing and internal financial requirements.

Regulatory Compliance and Market Impact

The withdrawal effectively cancels what would have been a significant equity expansion for Ashtasidhhi Industries. The company has fulfilled its regulatory obligations by promptly informing BSE Limited about this material development through proper channels. The formal communication references the original intimation dated February 13, 2026, ensuring complete regulatory transparency.

Company Profile and Trading Details

The company operates from its registered office at 252, New Cloth Market, Opp. Raipur Gate, Ahmedabad - 380002, and maintains its web presence at www.gujaratinvesta.com . The decision demonstrates the company's flexibility in adapting its capital structure plans based on prevailing market conditions and strategic priorities.

Ashtasidhhi Industries Limited (formerly known as Gujarat Investa Limited) has officially notified the stock exchanges about its upcoming board meeting scheduled for February 7, 2026. The meeting will be held at the company's registered office in Ahmedabad to address critical financial and strategic matters for the third quarter performance.

Board Meeting Agenda

The board meeting has been convened under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The directors will deliberate on several key business items requiring formal approval.

Fund Raising Initiative

The company will evaluate a comprehensive fund raising proposal during the board meeting. The proposal involves issuance of equity shares or warrants through preferential allotment, subject to regulatory compliance and shareholder approval.

Key aspects of the fund raising initiative include:

• Compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Adherence to Companies Act, 2013 provisions
• Price determination subject to regulatory approvals
• Alternative methods as determined by the board
• Mandatory shareholder approval requirement

Trading Window Closure

In compliance with insider trading regulations, the company has implemented strict trading restrictions. The trading window closed on January 1, 2026, and will remain closed until 48 hours after the announcement of unaudited financial results for the third quarter and nine months ended December 31, 2025.

These restrictions apply to all designated persons and their immediate relatives as per SEBI (Prohibition of Insider Trading) Regulations 2015.

Company Details

The formal notification was signed by Company Secretary Vaishaliben Sanjaybhai Jain and submitted to BSE Limited on January 30, 2026. The board meeting represents a significant milestone as the company prepares to announce quarterly performance and explore strategic funding opportunities while maintaining strict compliance with regulatory frameworks.