Ashima Ltd — Board/Management Information 2023

Jul 26, 2023

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26[th] July, 2023

To,

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

To,

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

Dear Sir/ Madam,

Sub: Appointment of Mr. Jayesh C Bhayani as Chief Financial Officer (CFO) and as Key Managerial Personnel (KMP) of the Company.

Ref: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

With reference to the captioned subject matter and pursuant to the provisions of Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. 26[th] July, 2023, inter-alia, has appointed Mr. Jayesh C Bhayani as Chief Financial Officer (CFO) and as Key Managerial Personnel (KMP) of the Company with effect from 26.07.2023.

The details are annexed herewith as Annexure.

The meeting of Board of Directors commenced at 12:05 p.m. and concluded at 12:50 p.m.

This is for your information and records.

Yours faithfully, For Ashima Limited

Digitally signed by SHWETA SULTANIA DN: c=IN, o=Personal, SHWETA pseudonym=15E92D174FBF210DD1525EB2B4B54047AAE6E221, 2.5.4.20=3773c076ef0163b5656e1803e4086aa591e 270c11fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D07A SULTANIA 0E8CCD50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2023.07.26 13:17:33 +05'30' Shweta Sultania Company Secretary & Compliance Officer

Encl: As above

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Annexure

Disclosure under Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment of Mr. Jayesh C Bhayani as Chief Financial Officer (CFO) and as Key Managerial Personnel (KMP) of the Company:

Sl. No.	Particulars	Details
1.	Reason forchange:	Appointment
2.	Date of appointment and term of appointment:	On the recommendation of Nomination & Remuneration Committee and approval of the Audit Committee, the Board of Directors of the Company has at its meeting held today approved the appointment of Mr. Jayesh C Bhayani as Chief Financial Officer (CFO) and as Key Managerial Personnel (KMP) of the Companywith effect from 26.07.2023.
3.	Brief profile (in case of appointment):	Mr. Jayesh C Bhayani is a Chartered Accountant and is working with the Company since last 32 years in various positions. Before his appointment as a CFO of the Company, he was working in the company as Vice President (Taxation and Accounts). He has rich experience and exposure in the field of internal audit, management audit, direct taxation, operational finance, corporate planning and compliance with various statutes and regulations applicable to the company in the field of corporate laws and taxation.
4.	Disclosure of relationships between directors (in case of appointment of a director):	Not Applicable

For Ashima Limited

SHWETA SULTANIA Digitally signed by SHWETA SULTANIA DN: c=IN, o=Personal, pseudonym=15E92D174FBF210DD1525EB2B4B54047AAE6E221, 2.5.4.20=3773c076ef0163b5656e1803e4086aa591e270c11fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D07A0E8CCD50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2023.07.26 13:18:06 +05'30'

Shweta Sultania Company Secretary & Compliance Officer

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