ASHNISHA INDUSTRIES LIMITED

Financial Results Summary

Standalone Financial Results for Quarter Ended June 30, 2026:

  • Revenue from operations: ₹133.48 lakh (compared to ₹34.50 lakh in Q1 FY26 and ₹550.62 lakh in Q4 FY26)
  • Other income: ₹5.02 lakh (compared to ₹21.78 lakh in Q1 FY26)
  • Total income: ₹138.50 lakh
  • Total expenses: ₹136.44 lakh
  • Profit before tax: ₹2.06 lakh (compared to ₹5.81 lakh in Q1 FY26)
  • Tax expense: ₹0.00 lakh
  • Profit for the period: ₹2.06 lakh
  • Basic and diluted EPS: ₹0.001 per share
  • Paid-up equity share capital: ₹2651.25 lakh (26,512,500 shares of Re. 1 each)

Consolidated Financial Results for Quarter Ended June 30, 2026 (including subsidiary Adzillow Private Limited):

  • Revenue from operations: ₹133.48 lakh
  • Other income: ₹22.72 lakh
  • Total income: ₹156.20 lakh
  • Total expenses: ₹152.15 lakh
  • Profit before tax: ₹4.05 lakh (compared to ₹12.20 lakh in Q1 FY26)
  • Tax expense: ₹0.00 lakh
  • Profit for the period: ₹4.05 lakh
  • Basic and diluted EPS: ₹0.002 per share

Segment-wise Performance (Standalone)

  • Steel Trading: Revenue ₹133.48 lakh, Segment result ₹1.82 lakh
  • Capital employed in steel operations: ₹2385.84 lakh

Segment-wise Performance (Consolidated)

  • Steel Trading: Revenue ₹133.48 lakh, Segment result ₹1.82 lakh
  • Trading of Software, Electronic and IT Products: Revenue ₹0.00 lakh, Segment result ₹0.001 lakh
  • Other unallocable expenditure: ₹(20.49) lakh

Board Decisions and Corporate Actions

1. Approval of Financial Results: Approved unaudited standalone and consolidated financial results for quarter ended June 30, 2026, along with Limited Review Report from statutory auditors M/s. GMCA & Co.

2. Director Appointment: Appointed Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as Additional (Independent) Director effective August 14, 2026 for five years, subject to shareholder approval at AGM.

3. Auditor Appointment: Recommended appointment of M/s. Keyur Bavishi & Co., Chartered Accountants (FRN: 131191W) as statutory auditors for first term of five years from conclusion of 17th AGM till conclusion of 22nd AGM in 2031, subject to shareholder approval.

4. Registered Office Shift: Approved shifting of registered office from 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Road, Ahmedabad - 380006 to Corporate House-2, Anam-2, Iscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli, Ahmedabad-380058, within same city limits.

5. Board Report and AGM: Approved Board's Report with annexures and notice for 17th Annual General Meeting to be held on Wednesday, September 23, 2026 at 3:30 PM IST through video conferencing.

6. Book Closure and E-voting: Fixed book closure from September 17, 2026 to September 23, 2026 (both inclusive) for AGM. Remote e-voting period from September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM) with cut-off date of September 16, 2026.

7. Scrutinizer Appointment: Appointed Mr. Chintan K. Patel, Practicing Company Secretary, Ahmedabad as scrutinizer for e-voting process.

8. Related Party Transactions: Approved related party transactions under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR, subject to shareholder approval.

9. Committee Reconstitution: Reconstituted Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee effective August 14, 2026:

Audit Committee:

  • Chairperson: Swapnil Sharad Shimpi (Independent Director)
  • Member: Shalin Ashok Shah (Non-Executive Independent Director)
  • Member: Kunjan Nathabhai Rathod (Independent Director)

Nomination & Remuneration Committee:

  • Chairperson: Kunjan Nathabhai Rathod (Independent Director)
  • Member: Shalin Ashok Shah (Non-Executive Independent Director)
  • Member: Swapnil Sharad Shimpi (Independent Director)

Stakeholders Relationship Committee:

  • Chairperson: Kunjan Nathabhai Rathod (Independent Director)
  • Member: Ashok Chinubhai Shah (Non-Executive Independent Director)
  • Member: Swapnil Sharad Shimpi (Independent Director)