Meeting Details

The 17th Annual General Meeting of Ashnisha Industries Limited was held on Wednesday, September 23, 2026, from 03:30 P.M. to 03:37 P.M. (7 minutes duration) through Video Conference (VC)/Other Audio Visual Means (OAVM).

Attendance and Leadership

Due to age-related health concerns of Mr. Ashok Shah (Managing Director), Mr. Shalin Shah (Director) presided over the meeting as Chairman. The meeting had requisite quorum present through VC/OAVM as per Section 103 of the Companies Act, 2013 and relevant circulars from MCA and SEBI.

Directors and Key Personnel Present

  • Mr. Ashok Shah, Managing Director
  • Mrs. Jhanvi Sethi, Independent Director
  • Mr. Swapnil Shimpi, Independent Director
  • Mr. Yash Bodade, Independent Director
  • Mr. Kunjan Rathod, Independent Director
  • Mrs. Payal Pandya, Company Secretary & Compliance Officer
  • Mr. Hiren Makwana, Chief Financial Officer

External Attendees

  • Mr. Amin Shaikh, Partner of M/s. GMCA & Co. (Statutory Auditors)
  • Mr. Chintan K. Patel (Secretarial Auditor)

Voting Arrangements

Remote e-voting facility was available from Sunday, September 20, 2026 (9:00 AM) to Tuesday, September 22, 2026 (5:00 PM). Mr. Chintan K. Patel was appointed as scrutinizer for independently scrutinizing the e-voting process. The scrutinizer was to submit consolidated results within 2 working days from conclusion of AGM.

Resolutions Considered

The following eight resolutions were presented and considered at the meeting:

1. Adoption of audited standalone and consolidated financial statements for year ended March 31, 2026 together with reports of Board of Directors and statutory auditors (Ordinary Resolution)

2. Re-appointment of Mr. Shalin Ashok Shah (DIN: 00297447) as Director who retires by rotation (Ordinary Resolution)

3. Appointment of M/s Keyur Bavishi & Co., Chartered Accountants (FRN: 131191W) as statutory auditor of the Company (Ordinary Resolution)

4. Regularization of appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as non-executive, Independent Director (Special Resolution)

5. Entering into material Related Party Transactions with Rhetan TMT Limited (Special Resolution)

6. Entering into material Related Party Transactions with Lesha Industries Limited (Special Resolution)

7. Entering into material Related Party Transactions with Ashoka Metcast Limited (Special Resolution)

8. Entering into material Related Party Transactions with Gujarat Natural Resources Limited (Special Resolution)

Document Availability

All documents referred to in the notice and explanatory statement were made available electronically for inspection by members until the date of AGM upon email request to ashnishalimited@gmail.com. Statutory registers under Companies Act, 2013 were similarly available for inspection.

Meeting Proceedings

The Chairman provided a brief about the company's performance during financial year 2025-26 and management's efforts to generate more profits. The notice of AGM along with Board's Report was taken as read. Reports of statutory and secretarial auditors were considered self-explanatory and taken as read.

Shareholder Participation

No requests were received from shareholders to raise queries or express views during the meeting. A 15-minute dedicated voting period was provided for members present who had not cast votes through remote e-voting.

Financial Impact

Financial impact not quantified in the disclosure.