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.

Ashima Limited has announced the reconstitution of its Audit Committee, effective January 6, 2026. The Board of Directors approved the changes through a resolution passed by circulation on the same date, as communicated to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Changes in Committee Composition

The reconstitution brings significant changes to the leadership and composition of the Audit Committee. The most notable change is the appointment of Mr. Nilesh Mehta as the new Chairman, replacing Mr. Sanjay Majmudar in this role.

Director Category Modifications

A significant aspect of this reconstitution involves changes in director categories. Mr. Sanjay Majmudar, who previously served as Chairman under the category of Non-Executive Independent Director, will continue as a member but with a changed status to Non-Executive Non-Independent Director. This change in category status represents a notable shift in the committee's independence structure.

Mr. Nilesh Mehta transitions from his previous role as a member to become the new Chairman, maintaining his status as a Non-Executive Independent Director. Mrs. Koushlya Melwani continues in her existing role as a member with no changes to her Non-Executive Independent Director status.

Regulatory Compliance

The company has fulfilled its regulatory obligations by promptly notifying both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about the committee reconstitution. The communication was signed by Harshil Shah, Company Secretary & Compliance Officer, ensuring proper adherence to corporate governance requirements.

The reconstituted Audit Committee structure maintains the required composition while bringing fresh leadership perspective to the company's audit oversight functions. All changes take effect immediately from January 6, 2026, as per the Board resolution.