Ashima Ltd — Major Shareholding Notification 2020

Jul 31, 2020

To,	To,
BSELimited	NationalStockExchangeoflndiaLtd.
Corporate RelationshipDepartment,	ExchangePlaza 5thFloor,PlotNo C/1,
25thFloor,P JTowers,DalalStreet,	GBlock, BandraKurlaComplex,
Fort,Mumbai-400001	Bandra(East),Mumbai-400051
SECURITYCODENO:514286	SECURITYCODENO:ASHIMASYN

	Nameof theTarget Company	Ashima Limited
2	Nameoftheacquirers	1.Mr.ChintanParikh
		2. Mrs. ShefaliParikh
		3.ChintanNavnitlalParikh and ShefaliChintan
		Parikh,theTrusteesofNavchintan Trust
3	Nameofthestock exchange	BSELimited and NationalStockExchangeoflndia
	wheresharesof theTarget	Ltd
	Company are listed
4.	Details ofthe transactions	SchemeofAmalgamationandarrangement
	including rationale, ifany,for	between AshimaDyecot PrivateLimited
	thetransfer/acquisitionof	(Transferor Company)andAshimaLimited
	shares	(TransfereeCompany)andtheirrespective
		shareholdersandcreditors.TheCertifiedtrue
		copyoftheNationalCompanyLawTribunalOrder
		dated22nd July,2o2o(receivedon27rhJuly,
		202011,wasfiledwithRegistrarofCompanieson
		29thJuly,2020.Hence,theeffectivedateofthe
		Schemeis29thJuly 2020.Accordingly,effective
		dateof theschemeis treatedastheDateof
		Acquisition.
5	Relevantregulation under which	10(lxdxii)
	acquirerisexempted from
	makingopenoffer
6	Whetherdisclosureofproposed	Not Applicable
	acquisitionwasrequiredtobe
	madeunderRegulation10(5)
	andifso,
	-Whetherdisclosurewas
	made andwhetherit
	was madewithin the
	timelinespecifiedunder
	theRegulations
7	Detailsof acquisition	DisclosuresrequiredWhetherdisclosures
		tobemadeunderunderRegulation10(5)
		Regulation10(5)areactuallymade
	aNameof the	Not ApplicableNot Applicable
	Transferor/Seller
	bDateof Acquisition	Not ApplicableNot Applicable

	c.		Number of shares/voting	Not Applicable	Not Applicable	Not Applicable	Not Applicable
			rights inrespectof the
			acquisitionsfromeach
			person mentionedin7(a)
			above
	d		Totalsharesproposedto	Not Applicable			Not Applicable
			be acquired/actually
			acquiredas ao/oof
			dilutedsharecapitalof
			Target Company
	e.		Priceatwhichshares	Not Applicable			Not Applicable
			proposedtobe
			acquired/ actually
			acquired
8.			ShareholdingDetails	PreTransactionNoof %w.r.t			PostTransactionNoofshareso/ow.r.t
				shares		total	held	total
				held		share		share
						capital of		capital of
						TC		TC
			EachAcquirer
			oChintanParikh	7,47,900		o.t2%	L,56,670	o.o8%
			aShefaliParikh	88,720		0.07%	88,762	o.o5%
			aChintanNavnitlal	26,7L,44L		2.08%	L4,05,35,678	73.33%
			Parikh andShefali
			ChintanParikh
			Trusteeof
			Navchintan Trust
			Eachseller/ Transferor	Not			Not
				Applicabl			Applicable
				e
		g	rtr"l,e