Key Financial Figures - Standalone (Quarter ended 30th September 2026)

  • Revenue from Operations: ₹14.38 crore (Q2 FY26) vs ₹3.66 crore (Q2 FY25)
  • Other Income: ₹7.70 crore (Q2 FY26) vs ₹14.60 crore (Q2 FY25)
  • Total Income: ₹15.15 crore (Q2 FY26) vs ₹5.12 crore (Q2 FY25)
  • Total Expenses: ₹28.96 crore (Q2 FY26) vs ₹8.34 crore (Q2 FY25)
  • Loss before Exceptional Items & Tax: ₹(13.81) crore (Q2 FY26) vs ₹(3.22) crore (Q2 FY25)
  • Exceptional Items Expense: ₹10.50 crore (Q2 FY26) - related to legal settlement
  • Loss before Tax: ₹(24.31) crore (Q2 FY26) vs ₹(3.22) crore (Q2 FY25)
  • Deferred Tax Credit: ₹4.67 crore (Q2 FY26)
  • Net Loss from Continuing Operations: ₹(19.64) crore (Q2 FY26) vs ₹(3.22) crore (Q2 FY25)
  • Net Loss from Discontinued Operations: ₹(1.11) crore (Q2 FY26) vs ₹(5.16) crore (Q2 FY25)
  • Total Comprehensive Loss: ₹(20.75) crore (Q2 FY26) vs ₹(8.38) crore (Q2 FY25)
  • Basic & Diluted EPS (Continuing): ₹(1.02) (Q2 FY26) vs ₹(0.17) (Q2 FY25)
  • Basic & Diluted EPS (Discontinued): ₹(0.06) (Q2 FY26) vs ₹(0.27) (Q2 FY25)
  • Paid-up Share Capital: ₹191.66 crore (unchanged)

Half-Year Performance (Standalone)

  • Revenue from Operations: ₹17.35 crore (H1 FY26) vs ₹3.70 crore (H1 FY25)
  • Total Income: ₹19.78 crore (H1 FY26) vs ₹6.22 crore (H1 FY25)
  • Net Loss from Continuing Operations: ₹(17.81) crore (H1 FY26) vs ₹(4.18) crore (H1 FY25)
  • Total Comprehensive Loss: ₹(19.43) crore (H1 FY26) vs ₹(11.19) crore (H1 FY25)

Legal Settlement Details

The Company settled several legal proceedings pending before various judicial forums involving HDFC Bank Limited and Bank of Bahrain and Kuwait BSC (BBK) in relation to a cheque of ₹750 lakhs drawn on HDFC Bank by the Company in favour of BBK. This cheque was erroneously credited by HDFC Bank to BBK, which was disputed by the Company. The disputed amount of ₹750 lakhs had been carried as liability in the Company's books under "Suspense Account" since 2003.

Pursuant to the settlement:

  • The Company paid ₹1,800 lakhs in October 2026 (before Board approval of these results)
  • The excess amount paid over the disputed liability (₹1,050 lakhs), attributable to interest, was recognized as an exceptional expense
  • The Company will receive approximately ₹406 lakhs from HDFC Bank towards fixed deposits held by the bank pursuant to a court order
  • These deposits were carried at ₹339 lakhs in books, resulting in ₹67 lakhs recognized as interest income
  • Net cash outflow from the settlement is ₹1,394 lakhs

The settlement was accounted for in accordance with Ind AS 10 and Ind AS 37.

Segment Performance (Standalone)

Quarter ended 30th September 2026:

  • Real Estate: Revenue ₹8.46 crore, Segment Loss ₹(0.83) crore
  • Investment: Revenue ₹5.92 crore, Segment Loss ₹(9.13) crore
  • Others: Segment Loss ₹(1.12) crore

Half Year ended 30th September 2026:

  • Real Estate: Revenue ₹11.04 crore, Segment Loss ₹(1.50) crore
  • Investment: Revenue ₹6.31 crore, Segment Loss ₹(4.52) crore
  • Others: Segment Loss ₹(1.13) crore

Discontinued Operations (Cotton Textile)

The cotton textile operations were discontinued in the previous financial year. Results are disclosed separately:

  • Q2 FY26: Loss ₹(1.11) crore
  • H1 FY26: Loss ₹(1.91) crore

Consolidated Financial Results

Quarter ended 30th September 2026:

  • Revenue from Operations: ₹14.98 crore
  • Total Income: ₹15.65 crore
  • Loss before Tax: ₹(23.55) crore
  • Net Loss: ₹(19.19) crore
  • Basic & Diluted EPS: ₹(1.00)

Subsidiary Company Details:

  • Ashima Capital Management Limited (wholly owned subsidiary)
  • Total Assets: ₹864.74 lakhs as at 30th September 2026
  • Total Income: ₹94.61 lakhs (Q2 FY26), ₹188.02 lakhs (H1 FY26)
  • Net Profit after Tax: ₹56.76 lakhs (Q2 FY26), ₹117.58 lakhs (H1 FY26)

Cash Flow Statement (Standalone)

Half Year ended 30th September 2026:

  • Net Cash from Operating Activities: ₹(22.19) crore outflow
  • Net Cash from Investing Activities: ₹37.94 crore inflow
  • Net Cash from Financing Activities: ₹(0.34) crore outflow
  • Net Increase in Cash: ₹15.41 crore
  • Cash & Cash Equivalents at end: ₹25.02 crore

Assets and Liabilities Position (Standalone)

As at 30th September 2026:

  • Total Assets: ₹577.84 crore
  • Non-Current Assets: ₹189.36 crore
  • Current Assets: ₹388.48 crore
  • Total Equity: ₹276.69 crore
  • Non-Current Liabilities: ₹156.74 crore
  • Current Liabilities: ₹144.41 crore

Other Board Approvals

The Board also approved the Notice of Postal Ballot for seeking member approval for Related Party Transactions between:

1. Ashima Limited and Saumya Construction Private Limited

2. Saumya Construction Private Limited and Ashima Capital Management Limited (wholly owned subsidiary)

Auditor's Review

M/s. Mukesh M. Shah & Co., Chartered Accountants (Firm Registration No. 106625W), issued an unmodified review report on both standalone and consolidated financial results, stating that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Meeting Details

The Board meeting commenced at 12:21 p.m. and concluded at 12:55 p.m. on 29th October 2026.

The financial results are available on the company's website at www.ashima.in and on the websites of BSE Ltd. and NSE Ltd.