Meeting Details

The 43rd Annual General Meeting (AGM) of Ashima Limited was held on Thursday, 06th August, 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and multiple circulars issued by the Ministry of Corporate Affairs and SEBI between 2020-2025.

Attendance and Participation

Mr. Chintan N Parikh, Chairman & Managing Director, presided over the meeting. All Board Members attended through VC/OAVM, including the chairs of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The Statutory Auditor and Secretarial Auditor were also present. Mr. Jayesh Bhayani, Chief Financial Officer, recorded attendance.

Voting Process

Remote e-voting was provided to members from Monday, 03rd August, 2026 at 9:00 a.m. to Wednesday, 05th August, 2026 at 5:00 p.m. based on shareholding as of 30th July, 2026. Members present at the AGM who hadn't voted remotely could vote during the meeting and up to 15 minutes after conclusion. Mr. Tapan Shah, Practising Company Secretary (Membership No. FCS: 4476; CP No: 2839), was appointed as scrutinizer to oversee the voting process.

Agenda Items Transacted

Ordinary Business:

1. Receipt, consideration, and adoption of:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

(Resolution Type: Ordinary)

2. Appointment of Mr. Chintan N. Parikh (DIN: 00155225) as Director who retires by rotation and offered himself for reappointment (Resolution Type: Ordinary)

Special Business:

3. Appointment of Ms. Uttara Chintan Parikh (DIN: 02334342) as a Non-Executive Non-Independent Director (Resolution Type: Ordinary)

4. Approval of payment of remuneration to Ms. Uttara Chintan Parikh, Non-Executive Non-Independent Director (Resolution Type: Special)

5. Approval of payment of remuneration to Non-Executive Directors (including Independent Directors) of the Company (Resolution Type: Special)

Meeting Proceedings

The Chairman delivered a speech covering the state of the economy, company's financial performance for FY 2025-26, real estate and investment activities, projects of the Real Estate Division, and future outlook. The Notice of AGM and Directors' Report were taken as read. The Independent Auditors' Report and Secretarial Audit Report contained no qualifications or adverse remarks.

Results Declaration

The consolidated results of remote e-voting and e-voting during the AGM will be declared within two working days from the meeting conclusion. Voting results and Scrutinizer's Report will be submitted to stock exchanges and uploaded on the company's website (www.ashima.in) and e-voting agency website.

Q&A Session and Conclusion

A Question and Answer session was conducted with registered members. The meeting commenced at 11:30 a.m. and concluded at 11:59 a.m. on 06th August, 2026.