Ashima Ltd — Board/Management Information 2024

May 25, 2024

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25[th] May, 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: Appointment of Mr. Nilesh Bansilal Mehta (DIN: 00199071), as an Additional Director of the Company in the category of Non-Executive Independent Director.

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. 25[th] May, 2024, inter-alia, has appointed Mr. Nilesh Bansilal Mehta (DIN: 00199071), as an Additional Director of the Company in the category of Non-Executive Independent Director for a period of five (5) consecutive years with effect from 25[th] May, 2024, subject to the approval of shareholders of the Company.

The details are annexed herewith as Annexure.

This is for your information and records.

Thanking you,

Yours faithfully, For Ashima Limited

SHWETA Digitally signed by SHWETA SULTANIA DN: c=IN, o=Personal, pseudonym=15E92D174FBF210DD1525EB2B4B54047AAE6E221, 2.5.4.20=3773c076ef0163b5656e1803e4086aa591e270c11fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D07 SULTANIA A0E8CCD50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2024.05.25 15:38:50 +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.

Appointment of Mr. Nilesh Bansilal Mehta (DIN: 00199071), as an Additional Director of the Company in the category of Non-Executive Independent Director:

Sl. No.	Particulars	Details
1.	Reason for change:	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 appointment of Mr. Nilesh Bansilal Mehta (DIN: 00199071), as an Additional Director of the Company in the category of Non-Executive Independent Director, for a period of five (5) consecutive years with effect from 25thMay, 2024, subject to the approval of shareholders of the Company.
3.	Brief profile (in case of appointment) :	Mr. Nilesh Mehta, 62, has over forty years of experience in investing, financial services and business strategy of which more than twenty years are in direct private equity investing. He is a Chartered Accountant and a management graduate from the Indian Institute of Management, Ahmedabad. He holds a Bachelors of Commerce from Gujarat University. He is co-founder and Managing partner of Access India Fund-1. Prior to founding Access, he was part of the founding team in India at Aureos, which managed SME private equity funds across developing

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: 2024.05.25 15:40:32 +05'30'

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economies. He has also earlier founded Infinity II, a technology fund, and also managed unlisted investments at Meghraj Financial. He is Charter Member of TiE, Mumbai. Mr. Mehta also sits on the Boards of a few public and private limited companies, and is one of the founder trustees of Aavishkaar Micro Venture Fund, set up to invest in socially relevant, sustainable and scalable rural businesses." 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=3773c076ef0163b5656e1803e4086aa591e27 0c11fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D07A0E SULTANIA 8CCD50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2024.05.25 15:41:19 +05'30' Shweta Sultania Company Secretary & Compliance Officer

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