Ashima Ltd — Board/Management Information 2023

May 16, 2023

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16[th] May, 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: Re-appointment of Mrs. Koushlya V. Melwani (DIN: 01575110), as Independent Director 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. 16[th] May, 2023, inter-alia, has re-appointed Mrs. Koushlya V. Melwani (DIN: 01575110), as Independent Director of the Company for a second consecutive term of five (5) years with effect from 25[th] May, 2024, subject to the approval of shareholders of the Company by means of a Special Resolution.

The details are annexed herewith as Annexure.

This is for your information and records.

Thanking you,

Yours faithfully, 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: 2023.05.16 18:43:50 +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.

Re-appointment of Mrs. Koushlya V. Melwani (DIN: 01575110), as Independent Director of the Company:

Sl. **No. **	Particulars	Details
1.	Reason for change:	Re-appointment
2.	Date of appointment and term of appointment:	On the recommendation of Nomination & Remuneration Committee, the Board of Directors of the Company has at its meeting held today approved the re- appointment of Mrs. Koushlya V. Melwani (DIN: 01575110), as Independent Director of the Company for a second consecutive term of 5 (five) years from 25thMay, 2024 to 24thMay, 2029, subject to the approval of shareholders of the Company by means of a Special Resolution.
3.	Brief profile (in case of appointment) :	Mrs. Koushlya V. Melwani holds B.Com. Degree and she is also a Fellow Member of Institute of Cost Accountants of India (ICMAI). She has rich experience of about 33 years and exposure in the field of project finance, company law and cost accounting. She is on the Board of several public and private limited companies as a Director.
4.	Disclosure of relationships between directors (in case of appointment of a director):	Not related to any Board Member or KMP of the Company.

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: 2023.05.16 18:44:09 +05'30'

Shweta Sultania

Company Secretary & Compliance Officer

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