Ashima Limited , a diversified company operating in real estate, investment, and advisory services, has released its unaudited financial results for the quarter and half-year ended September 30, 2025, alongside significant corporate updates.

Financial Performance

The company reported a challenging quarter with declining revenues and widening losses:

For the half-year ended September 30, 2025, Ashima Limited posted:

• Revenue: Rs. 805.00 lacs
• Net Loss: Rs. 4,062.00 lacs

Segment Performance

The company's performance across its operating segments showed mixed results:

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets: Rs. 56,898.00 lacs
• Total Equity: Rs. 28,794.00 lacs
• Non-Current Liabilities: Rs. 16,750.00 lacs
• Current Liabilities: Rs. 11,353.00 lacs

Corporate Updates

Registered Office Relocation

The Board of Directors has approved the relocation of the company's registered office, effective November 30, 2025:

• Current Address: Texcellence Complex, Khokhra, Ahmedabad
• New Address: 1st Floor, Aditya, Near Khadayata Colony, Ellisbridge, Ahmedabad - 380006

Management Changes

In a separate announcement dated November 12, 2025, Ashima Limited disclosed the resignation of Mr. Dhaval Thakkar, Senior Manager (Human Resources), who was designated as Senior Management Personnel. Mr. Thakkar's resignation is effective from November 12, 2025, citing personal reasons.

Cash Flow and Liquidity

The company's cash position has seen a significant decrease:

• Cash and cash equivalents as of September 30, 2025: Rs. 747.00 lacs
• Cash and cash equivalents as of March 31, 2025: Rs. 5,868.00 lacs

Conclusion

Ashima Limited faces challenges in its financial performance, with declining revenues and increasing losses. The relocation of its registered office may be part of the company's efforts to optimize operations. The company's management will need to address these financial challenges in the coming quarters.

Ashima Limited has announced a significant financial move, exercising its call option for the partial early redemption of its unlisted, secured, unrated, redeemable, rupee-denominated non-convertible debentures (NCDs). The company has redeemed a total of ₹24.25 crore from two debenture holders, demonstrating its commitment to managing its debt obligations.

Redemption Details

The partial redemption was executed equally between two debenture holders:

Key Points of the Redemption

• Original Issue: A total of 5,500 NCDs worth ₹55 crore were initially issued to both holders combined, with each NCD having a face value of ₹1 lakh.
• Redemption Method: The redemption was effected by reducing the paid-up value of existing NCDs rather than cancelling them.
• Remaining Balance: After this partial redemption, ₹30.75 crore remains outstanding.
• Redemption Date: The final redemption date is set for on or before October 15, 2025.
• Premium Payment: As per the terms of the NCDs, the premium on redemption, including partial redemptions, will be computed and paid at the end of the NCD tenure.

Implications and Outlook

This strategic move by Ashima Limited showcases the company's proactive approach to debt management. By exercising the call option for partial early redemption, the company is potentially reducing its interest burden while maintaining financial flexibility.

The decision to redeem partially, rather than fully, suggests that Ashima Limited is balancing its debt obligations with its operational cash flow needs. This approach allows the company to reduce its debt while retaining access to the remaining funds until the final maturity date.

Investors and stakeholders may view this partial redemption positively, as it demonstrates the company's ability to meet its financial commitments ahead of schedule. However, it's important to note that the remaining debentures will continue under their original terms, with the final redemption date approaching in October 2025.