Ashima Ltd — Capital/Financing Update 2025

Jul 31, 2025

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31[st] July, 2025

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: Allotment of Unlisted, Secured, Unrated, Redeemable, Rupee Denominated, NonConvertible Debentures on Private Placement basis (“NCDs”)

With reference to the captioned subject and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in furtherance to our letter dated 21[st] June, 2025, intimating the approval of fund raising by the Company through issuance of Non-Convertible Debentures on private placement basis in one or more tranches up to an amount not exceeding Rs. 130 Crores (Rupees One Hundred and Thirty Crores only), this is to inform you that the SubCommittee of Directors (“Committee”) of the Company has, at its meeting held today i.e. 31[st] July, 2025, approved the allotment of 7000 (Seven Thousand) Unlisted, Secured, Unrated, Redeemable, Rupee Denominated, Non-Convertible Debentures of face value of Rs.1,00,000/- (Rupees One Lakh only) each aggregating to Rs. 70,00,00,000/- (Rupees Seventy Crores only) on Private Placement basis (“NCDs”).

The brief terms and conditions of the Issue of 7000 NCDs, approved by the Committee is annexed herewith and marked as Annexure-I.

The meeting commenced at 01:30 p.m. and concluded at 01:46 p.m.

This is for your information and records.

Yours faithfully, For Ashima Limited

Digitally signed by Shah Harshil Shah Harshil Ketanbhai Ketanbhai Date: 2025.07.31 14:22:23 +05'30'

Harshil shah Company Secretary & Compliance Officer Encl: As above

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Annexure-I

Terms and Conditions of the Issue of NCDs

	Size of the issue	Size of the issue	Size of the issue	Size of the issue	Size of the issue		7000 (Seven Thousand) Unlisted, Secured,Unrated, Redeemable, Rupee Denominated,Non-Convertible Debentures of a face valueof Rs 100000/- (Rupees One Lakh only) each	7000 (Seven Thousand) Unlisted, Secured,Unrated, Redeemable, Rupee Denominated,Non-Convertible Debentures of a face valueof Rs 100000/- (Rupees One Lakh only) each	7000 (Seven Thousand) Unlisted, Secured,Unrated, Redeemable, Rupee Denominated,Non-Convertible Debentures of a face valueof Rs 100000/- (Rupees One Lakh only) each	7000 (Seven Thousand) Unlisted, Secured,Unrated, Redeemable, Rupee Denominated,Non-Convertible Debentures of a face valueof Rs 100000/- (Rupees One Lakh only) each	7000 (Seven Thousand) Unlisted, Secured,Unrated, Redeemable, Rupee Denominated,Non-Convertible Debentures of a face valueof Rs 100000/- (Rupees One Lakh only) each
							. ,aggregatiSeventy C	,ng to Rs. 7rores only).	0,00,00,000/-	(Rupees
	Typ	e of securities					Unlisted,RupeeDebentu	Secured,Denominateres. (“ NCDs”)	nrated, Red,Non-C	eemable,onvertible
	Typ	e of Issuance					Issue of N	CDs on Priva	te Placement	Basis.
	Wh	ether propos	ed to be liste	d? If yes, nam	e		No.
	of t	e stock exch	ange(s)
	Tenand	ure of the insdate of matur	trument - daity	te of allotme	nt		9 years fwith PutDate of A	rom the dateoption.llotment: 31st	of allotmentJuly, 2025	of NCDs
	Coupay	pon/interestment of coup	offered,on/interest an	schedule d principal	of		Coupon/I	nterest Offer	ed:7.50% perayment: On 3arch is not amediately s	annum1stMarchBusinessucceeding
							Due date	of Interest P
							every yeDay theBusiness	ar or if 31stMn on the imDay.
							Principal	Repayment: t of NCDs witcriber has Puo) years fromtion of Deb	9 years from th Put Option.t Option aftethe date ofntures in a	he date of r the endallotment,t or full
							allotmenThe Subsof 2 (Twfor rede
								p	p	.
	Chaasse	rge/security,ts	if any, cre	ated over t	he		The princby creatagriculturegistraticomplian	ipal amountion of a firrallandon of a dce with the p	of NCDs to bst charge obyexecutieed of morovisions of	e securedn non –onandrtgage inapplicable
Spethe							laws.
	Spethe	cial right/intinstrument an	erest/privilegd changes th	es attachedereof;	to		None

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Delayinpaymentofinterest/principalamount for a period of more than threemonths from the due date or default inpayment of interest/principal;	In case of any delay in the payment of interestand/or principal amount on the respectivedue dates, the Issuer shall be liable to payadditional interest at the rate of 1% perannum for the period of delay.
Delayed payment	As above.
Details of any letter or comments regardingpayment/non-payment of interest, principalon due dates, or any other matter concerningthe security and/or the assets along with itscomments thereon, if any;	None.
Details of redemption of debentures	The NCDs will be redeemed at the end of 9(nine) years from the date of allotment, withsubscribers having Put Option after the endof 2 (Two) years from the date of allotment,for redemption of Debentures in part or full.

For Ashima Limited

Digitally signed by Shah Harshil Shah Harshil Ketanbhai Ketanbhai Date: 2025.07.31 14:22:50 +05'30'

Harshil Shah

Company Secretary & Compliance Officer

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