Ashima Ltd

Ashima Ltd - Trading Window Closure

Inter-se promoter transfer details

• Inter-se transfer among promoter group; distribution by Navchintan Trust to beneficiary, no consideration.
• Exemption under Regulation 10(1)(a)(i) for inter-se promoter transfer; no open offer.
• Acquirer: promoter group member; Transferor: Trustees of Navchintan Trust.
• Acquired 5,74,80,000 shares, 29.99% of share capital.
• Off-market inter-se transfer; distribution by Trust to beneficiary.
• Nil consideration; transfer without consideration.
• Pre-transaction: Acquirer held 88,762 shares (0.05%).
• Post-transaction: Acquirer 5,75,68,762 shares (30.04%).
• Pre-transaction: Transferor held 77,17,95,678 shares (58.33%).
• Post-transaction: Transferor 5,43,15,678 shares (28.34%).
• Promoter group shareholding changed; acquirer 30.04%, transferor 28.34% post.
• Public shareholding not stated as affected.

Transaction details

• Inter-se promoter transfer; distribution by Navchintan Trust; transfer without consideration.
• Exemption under Regulation 10(1)(a)(i) for inter-se promoter transfer.
• Acquirer: promoter-group member; Transferor: trustees of Navchintan Trust (promoter).
• Shares acquired: 5,74,80,000; 29.99% of diluted share capital.
• Pre- and post-transaction holdings: Acquirer pre 88,762; post 5,75,68,762 (30.04%).
• Pre- and post-transaction holdings: Transferor pre 77,17,95,678; post 5,43,15,678 (28.34%).
• Method of acquisition: Off-market inter-se transfer.
• Consideration: transfer without consideration (nil).
• Change in control: none; promoter group remains majority.

Acquisition by promoter (Shefali Parikh)

• Target Ashima Limited; Acquirer Shefali Chintan Parikh, promoter group.
• Mode Off-market inter-se transfer among promoters; Navchintan Trust distributes to beneficiary.
• Pre-holding: 88,762 shares (0.05%).
• Acquired: 5,74,80,000 shares (29.99%).
• Post-holding: 5,75,68,762 shares (30.04%).
• Date: 27.09.2026.
• Equity share capital before: 19,16,60,078; after: 19,15,60,078.
• Total diluted share/voting capital after: 19,16,60,078.

Disposal by Navchintan Trust (Seller) to Shefali Parikh

• Pre-sale holding: 11,17,95,678 shares (58.33%).
• Sold: 5,74,80,000 shares (29.99%).
• Post-sale holding: 5,43,15,678 shares (28.34%).
• Mode: Off-market inter-se transfer among promoter group; distribution by Trust to beneficiary.
• Equity share capital before: 19,16,60,078; after: 19,16,60,078.
• Total diluted share/voting capital after: 19,16,60,078.

Transaction details

• Target company: Ashima Limited.
• Disclosing party: Shefali Chintan Parikh (promoter group).
• Acquirer and PACs are promoter group.
• Transaction type: Inter-se transfer among promoters, without consideration.
• Pre-transaction holding: 88,762 shares (0.05%).
• Acquired: 57,480,000 voting shares (29.99%).
• Mode: Off-market inter-se transfer among promoters.
• Date of acquisition: 27.09.2026.
• Post-transaction holding: 57,568,762 shares (30.04%).
• Stock exchanges: BSE and NSE.
• Equity share capital before: 19,16,60,078.
• Equity share capital after: 19,15,60,078.
• Total diluted share capital after: 19,16,60,078.

• Target Company: Ashima Limited.
• Disclosing Party: Navchintan Trust (seller) and promoter-group member Shefali Chintan Parikh.
• Transaction Type: Inter-se transfer among promoter group; transfer without consideration.
• Pre-Transaction Holding: Shares carrying voting rights 11,17,95,678 (58.33%).
• Transaction Details: Sold 5,74,80,000 voting rights (29.99%); off-market transfer.
• Post-Transaction Holding: Shares carrying voting rights 5,43,15,678 (28.34%).
• Date of Transaction: 22 September 2026.
• Capital context before: equity/voting capital 19,16,60,078.
• Capital context after: equity/voting capital 19,16,60,078.
• Total diluted capital after: 19,16,60,078.

Cessation of Independent Director

• Neeraj Golas ceased to be Independent Director upon completion of his term, effective August 11, 2026.

AGM details

• AGM held on 6 August 2026 at 11:30 AM via VC/OAVM.
• Record date for voting entitlements: 30 July 2026.
• Remote e-voting period: 3–5 August 2026; voting during the AGM.
• Attendance via video conferencing: 7 promoter group, 40 public.
• Five resolutions were put to vote and passed.

Resolutions and outcomes

• Resolution 1: Adoption of audited financial statements for FY2026; passed.
• Resolution 2: Ordinary—appointment of director by rotation; passed.
• Resolution 3: Ordinary—appointment of Uttara Parikh as director; passed.
• Resolution 4: Special—remuneration to Uttara Parikh; passed.
• Resolution 5: Special—remuneration to non-executive directors; passed.

Director changes

• Chintan Parikh retires by rotation and is eligible for re-appointment; approved.
• Uttara Parikh appointed as Non-Executive Non-Independent Director.

Dividend and remuneration disclosures

• No dividend proposed or declared.