Ashima Limited has announced the appointment of Mrs. Vanita Mathur as Chief Executive Officer and Key Managerial Personnel, effective March 1, 2026. The appointment was approved during a board meeting held on February 28, 2026, demonstrating the company's commitment to strengthening its leadership team with experienced professionals.

Board Meeting Outcome

The board meeting that approved this significant appointment took place on Saturday, February 28, 2026, commencing at 11:46 a.m. and concluding at 11:52 a.m. The appointment has been made pursuant to the provisions of Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New CEO Profile and Experience

Mrs. Vanita Mathur brings extensive experience to her new role, having been associated with the group for over 30 years. She holds an MBA in Finance and has demonstrated strong leadership capabilities across multiple business functions. During her earlier tenure at Ashima Limited until June 30, 2020, she handled various assignments for the group in critical areas including finance, operations, and management control systems.

Leadership Experience and Strategic Contributions

Since 2020, Mrs. Mathur has been heading a real estate entity within the group, where she has provided strategic leadership across critical functions. Her responsibilities have encompassed engineering, legal, finance, and human resources departments. She has been instrumental in driving business growth and enhancing cross-functional alignment throughout the organization.

Her contributions extend to strengthening compliance and risk management practices, areas that are increasingly important in today's regulatory environment. Additionally, she has played a key role in the formulation and execution of long-term strategic initiatives and overall organizational development.

Regulatory Compliance and Disclosure

The appointment has been made in full compliance with regulatory requirements. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has provided all necessary details as required by SEBI Circular No. HO/CFD/CFD-PoD-2/P/CIR/2023/123 dated July 11, 2023.

The appointment represents a strategic move by Ashima Limited to leverage internal talent and institutional knowledge, with Mrs. Mathur's extensive experience within the group positioning her well to lead the company's future growth initiatives. The formal communication was signed by Harshil Shah, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Ltd.

Ashima Limited submitted revised unaudited financial results for the quarter and nine months ended December 31, 2025, following the discovery of inadvertent errors in segment-wise disclosure forming part of the consolidated financial statements. The company filed the corrections on February 13, 2026, after its Board of Directors meeting.

Segment Disclosure Corrections

The company identified an inadvertent error in the consolidated segment-wise revenue results and segment-wise assets and liabilities statement. The amount under "Others" in the segment assets was incorrectly mentioned as ₹(600) lacs (negative figure) instead of the correct value of ₹20,675 lacs. This error resulted in a corresponding correction to "Total Segment Assets from Continuing Operations" from ₹31,252 lacs to ₹52,526 lacs.

No Impact on Key Financial Parameters

The company clarified that except for the value of segment assets, there is no impact on other financial parameters including total revenue, total liabilities, net profit, earnings per share (EPS), or any other financial parameter. The error occurred during compilation of the financial results and was purely related to segment asset classification.

Q3FY26 Financial Performance Remains Unchanged

The company's standalone financial results for the quarter ended December 31, 2025 continue to show total income of ₹731 lacs compared to ₹300 lacs in the corresponding quarter of the previous year. Revenue from operations stood at ₹39 lacs while other income contributed ₹692 lacs to the total income.

Continuing vs Discontinued Operations

The company's continuing operations generated a profit of ₹206 lacs for the quarter, while discontinued operations resulted in a loss of ₹511 lacs. The discontinued operations primarily relate to the company's closed cotton textile business.

Regulatory Compliance and Auditor Review

The revised filing was submitted pursuant to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results were reviewed by the statutory auditors, Mukesh M. Shah & Co., Chartered Accountants (Firm Registration No. 106625W), who provided limited review reports for both standalone and consolidated financial statements.

The earlier submission dated February 13, 2026 stands substituted by this revised filing, ensuring accurate disclosure of segment-wise information to stakeholders and regulatory authorities.