Ashima Ltd — Board/Management Information 2021

Jun 6, 2021

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Regd. Office : Texcellence Complex, Near. Anupam Cinema, Khokhra, Ahmedabad - 380 021, India. Fax: 91-79-22773061 E-mail: texcellence@ashima.in Phone: 91-79-67777000 . $\blacksquare$ CIN No: L99999GJ1982PLC005253

Date: 05.06.2021

To. BSE Limited Corporate Relationship Department, 25th Floor, P J Towers, Dalal Street, Fort, Mumbai - 400001 SECURITY CODE NO. 514286

To. National Stock Exchange of India Ltd Exchange Plaza 5th Floor, Plot no. C/1, G Block, Bandra Kurla Complex. Bandra (East), Mumbai - 400051. SECURITY CODE NO. ASHIMASYN

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations")

Dear Sir.

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With reference to the captioned subject, we wish to inform you following events or information:

1. Change in Directors and KMP:

Disclosure required pursuant to Regulation 30 of the SEBI LODR Regulations read with Para A of Part A of Schedule III to the said Regulations as also as per SEBI Circular CIR/CFD/CMD/4/2015, dated 9th September, 2015, with regard to change in Directors/KMP is given herein under:-

(i) Appointment of Mr. Krishnachintan Parikh as an Additional Director and also as an Executive Director w.e.f. $5th$ June, 2021 for a period of 3 years with payment of remuneration and perquisites.

The Board of Directors of the Company appointed Mr. Krishnachintan Parikh as an Additional Director also as an Executive Director w.e.f. 5th June 2021 for a period of 3 years with payment of remuneration and perquisites. Based on the declaration received from him and in compliance with circular dated 20th June, 2018 of BSE Ltd and National Stock Exchange of India Limited, the Board has noted that he is not debarred from holding the office of director pursuant to any SEBI order or any other such authority.

Particulars	Details
Name of Director	Mr. Krishnachintan Parikh
Reason for change viz.appointment, resignation,	Appointment
removal,deathorotherwise

Visit us at http://www.ashima.in

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Regd. Office : Texcellence Complex, Near. Anupam Cinema, Khokhra, Ahmedabad - 380 021, India. E-mail : texcellence@ashima.in Phone: 91-79-67777000 . Fax: 91-79-22773061 $\bullet$ CIN No: L99999GJ1982PLC005253

Date ofappointment/cessationand term of appointmentBrief Profile (in case of	Appointed as an Additional Director also as an ExecutiveDirector w.e.f. 5 th June, 2021 for a period of 3 years withpayment of remuneration and perquisites and hisappointment is recommended for shareholders' approval.
	Mr. Krishnachintan Parikh is a Bachelor in Electronic
appointment)	Engineering from University of Sheffield, UK and an MBA
	from Columbia University, USA. He has work experience of
	preparing financial reports for analysis, reporting progress
	of projects during 2009 to 2012. Mr. Krishnachintan Parikh
	has earlier worked with the company initially as
	Management Analyst during July 2012 to December 2014.
	Thereafter, he was elevated to the position of Vice President
	(Denim) and subsequently to the position of Vice-President
	(Business Development) during the year 2015. He was
	associated with the Company as Executive Director for a
	period of 1st June 2017 to 20th December, 2019.
Disclosure of Relationship
	Mr. Krishnachintan Parikh is related to Mr. Chintan Parikh,
between Directors (in case	Chairman & Managing Director.
οfappointmentοfa
director)

(ii) Re-appointment of Mr. Neeraj Golas as an Independent Director of the Company for second term.

The Board re-appointed Mr. Neeraj Golas, as an Independent Director (ID) for a second term of 5 (five) consecutive years commencing from August 12, 2021 and recommended for shareholders' approval.

Based on the declaration received from him and in compliance with circular dated 20th June, 2018 of BSE Ltd and National Stock Exchange of India Limited, the Board has noted that he is not debarred from holding the office of director pursuant to any SEBI order or any other such authority.

Particulars	Details
Name of Director	Mr. Neeraj Golas
Reasonforchangeviz.appointment,resignation,removal.deathorotherwise	Mr. Neeraj Golas, ID shall be completing his first term ofappointment as an ID on August 11, 2021. He is eligible forre-appointment for another term of five consecutive yearssubject to approval of the Members by Special Resolution.
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Visit us at http://www.ashima.in

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Regd. Office : Texcellence Complex, Near. Anupam Cinema, Khokhra, Ahmedabad - 380 021, India. Fax: 91-79-22773061 E-mail : texcellence@ashima.in Phone: 91-79-67777000 . $\bullet$ CIN No: L99999GJ1982PLC005253

Date of	The Board of Directors, subject to the approval of
appointment/cessation	shareholders, re-appointed Mr. Neeraj Golas,as an
and term of appointment	Independent Director for a second term of 5 (five)
	consecutive years w.e.f. August 12, 2021.
Brief Profile (in case of	Mr. Neeraj Golas, holds B.Sc. and LL.B degree and he is
appointment)	also Associate Member of Institute of Cost Accountants
	of India and Fellow Member of Institute of Chartered
	Accountants of India. He has completed courses of
	DISA and CISA. He has total experience of 28 years. Mr.
	Golas has very rich experience and exposure in the
	field of accounts and audit of several reputed Public
	Sector Undertakings.
Disclosure of Relationship	Mr. Neeraj Golas is not related to any director or KMP of
between Directors (in case	the Company.
οfappointmentof a
director)

Kindly take the same on record and oblige.

Thanking you, Yours faithfully, For Ashima Limited Dipak Thaker Company Secretary ್ಲಿ

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