Ashima Ltd — Board/Management Information 2024

Apr 23, 2024

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23[rd] April, 2024

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: Outcome of Board Meeting held on 23[rd] April, 2024

With reference to the captioned subject matter and pursuant to the provisions of Regulation 30 read with Para A of 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. 23[rd] April, 2024, inter-alia, has approved the proposal for incorporation of a Wholly Owned Subsidiary Company (“WOS”) in India for the purpose of undertaking the business activities of “Investment Management and Advisory Services”.

The necessary disclosures/ updates under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, shall be provided once the proposed WOS is incorporated.

The meeting of Board of Directors commenced at 12:35 p.m. and concluded at 12:55 p.m.

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=3773c076ef0163b5656e1803e4086aa591e270c1 1fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D07A0E8CC D50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2024.04.23 13:06:27 +05'30'

Shweta Sultania

Company Secretary & Compliance Officer

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