Ashnisha Industries Limited has strengthened its board composition with the appointment of a new independent director. The company announced this governance development following a board meeting held on December 13, 2025.

Board Meeting Details and Appointment

The Board of Directors convened on December 13, 2025, from 11:30 AM to 12:00 PM at the company's registered office in Ahmedabad. During this meeting, the board approved the appointment of Mr. Kunjan Nathabhhai Rathod as Additional Independent Director.

Director Profile and Experience

Mr. Kunjan Nathabhhai Rathod brings over 5 years of extensive experience in managing transport and logistics business to the board. He possesses strong management and leadership skills, with a proven ability to drive business growth and operational efficiency. His extensive experience and strategic insight will be valuable in guiding the company's business decisions as an Independent Director.

Regulatory Compliance and Disclosure

Ashnisha Industries Limited has informed BSE Limited about this appointment under Regulation 30 of SEBI (LODR) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has affirmed that Mr. Rathod has not been debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or such other authorities.

Company Information

Ashnisha Industries Limited operates from its registered office at 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Roads, Mithakhali, Ahmedabad-380006, Gujarat, under the leadership of Managing Director Mr. Ashok C. Shah (DIN: 02467830). The appointment represents a move to enhance the company's corporate governance framework and provides stability to the board's independent oversight function.

Ashnisha Industries Limited has successfully completed a rights issue, resulting in a significant change in its shareholding structure and total equity share capital. The key details of this corporate action are as follows:

Rights Issue Details

Impact on Ashnisha Industries

The rights issue has led to a substantial increase in Ashnisha Industries' equity share capital, more than doubling from Rs. 10.10 crores to Rs. 26.51 crores. This expansion in capital base may provide the company with additional resources for its operations or strategic initiatives.

The total number of shares has also seen a significant rise, increasing from 101 million to 265.13 million. This increase in the number of outstanding shares may affect various financial metrics on a per-share basis.

Aarem Insights Private Limited's acquisition of a 5.97% stake through this rights issue represents a notable change in Ashnisha Industries' ownership structure. This development may be of interest to existing shareholders and potential investors, as it could potentially influence the company's future direction and decision-making processes.

Investors and market participants are advised to consider the implications of this rights issue and the resulting changes in Ashnisha Industries' capital structure when evaluating their investment decisions.