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 Mr. Sanjay S. Majmudar (DIN: 00091305), 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 Mr. Sanjay S. Majmudar (DIN: 00091305), as Independent Director of the Company for a second consecutive term of five (5) years with effect from 3[rd] November, 2023, 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 18:40:20 +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 Mr. Sanjay S. Majmudar (DIN: 00091305), 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 Mr. Sanjay S. Majmudar (DIN: 00091305), as Independent Director of the Company for a second consecutive term of 5 (five) years from 3rdNovember, 2023 to 2ndNovember, 2028, subject to the approval of shareholders of the Company by means of a Special Resolution.
3.	Brief profile (in case of appointment) :	Mr. Sanjay S. Majmudar holds B.Com. and LLB. Degrees and he is also a Fellow Member of Institute of Chartered Accountants of India (ICAI). He has experience of about 37 years. Mr. Sanjay S. Majmudar has rich experience and exposure in the field of Corporate Laws, Direct Tax Laws, Mergers and Acquisitions, Transfer Pricing and related matters. He has extensive experience in the areas of Capital Markets and Securities Laws, Banking and Finance, Insolvency and Bankruptcy Laws and Corporate Governance matters. He has travelled extensively to various countries for

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 18:40:42 +05'30'

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international consultancy of various clients for establishment of WOS / Joint Ventures etc. He is on the Board of several listed companies as an Independent Director. 4. Disclosure of relationships between Not related to any Board Member or KMP directors (in case of appointment of a of the Company. director) :

For Ashima Limited

Digitally signed by SHWETA SULTANIA DN: c=IN, o=Personal, SHWETA pseudonym=15E92D174FBF210DD1525EB2B4B54047AAE6E221, 2.5.4.20=3773c076ef0163b5656e1803e4086aa5 91e270c11fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D SULTANIA 07A0E8CCD50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2023.05.16 18:41:01 +05'30' Shweta Sultania Company Secretary & Compliance Officer

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