ASHIMASYNBSEAshima LtdMediumNeutral
Announced Mon, 29 Jun · 13:33 IST

Postal Ballot Results: Director Appointment and RPT Both Passed

Board & Shareholder Meetings View source PDF

ASHIMASYN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹15.11
prior close
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.4-1.5-1.6-4.3-5.0-0.6+14.0
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AI summary

Ashima Limited conducted a postal ballot through remote e-voting from May 29 to June 27, 2026. Two resolutions were passed with requisite majority. Resolution 1 (Special): Appointment of Mr. Malay Jayendra Dalal as Independent Director passed with 99.94 percent votes in favour (14,17,03,116 versus 84,642 against). Resolution 2 (Ordinary): Related Party Transaction between Saumya Construction Private Limited and Ashima Capital Management Limited, a wholly owned subsidiary, passed with 99.31 percent votes in favour (8,10,922 versus 5,625 against). Promoter and promoter group votes were excluded from Resolution 2 as related parties.

Likely market impact

Both resolutions passed with overwhelming shareholder support, confirming board continuity and approval of the subsidiary-level related party transaction.