Ashima Limited has informed the Exchange regarding Notice of Postal Ballot
ASHIMASYN · price
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Ashima Limited has dispatched a postal ballot notice seeking shareholder approval for two items. First, the appointment of Mr. Malay Jayendra Dalal as an Independent Director for 5 years (May 1, 2026 to April 30, 2031) - he is a Fellow Chartered Accountant with 35+ years of experience in auditing, tax consulting, and outsourcing activities. Second, enhancement of related party transaction limits between its wholly-owned subsidiary Ashima Capital Management Limited (ACML) and Saumya Construction Private Limited from Rs. 6 crore to Rs. 6.50 crore per year for FY 2026-27, 2027-28, and 2028-29. ACML provides Portfolio Management Services to SCPL, with current year transactions at Rs. 777.69 lakhs. Voting period runs from May 29, 2026 to June 27, 2026.
The appointment brings an experienced professional to the board. The related party transaction increase requires careful review as it involves directors Mr. Chintan Parikh and Mr. Krishnachintan Parikh having interest in SCPL, and the proposed limit of Rs. 6.50 crore represents over 50% of Ashima's annual consolidated turnover of Rs. 12.01 crore.