Ashima Ltd — Regulatory Filings 2020

Jun 24, 2020

Hiren

Shirishchandra Mahadevia

Digitally signed by Hiren Shirishchandra Mahadevia DN: c=IN, st=Gujarat, 2.5.4.20=ac25d198809cd9b85b4e30b3c28712afeedbfd7f1fce67b33e93071c5797e963, postalCode=380059, street=B-31,Aryaman Bungalows,Shilaj,Thaltej,Thaltej,Daskroi,Ahmedabad, serialNumber=b0023503eed2aaaaa274f81101de11671f75846df65f9e295a759ac649b15663, o=Personal, cn=Hiren Shirishchandra Mahadevia, title=2395, pseudonym=7406246cb6572d6b55ce31cec731fa84 Date: 2020.06.24 12:46:06 +05'30'

TAPAN SHAH COMPANY SECRETARY

816-818, Anand Mangal – 3, Opp. Core House, Nr. Doctor House, Ellisbridge, Ahmedabad-380006 Phone : (O) 26430810, 40024320 E-mail : info@tapanshah.in

SECRETARIAL COMPLIANCE REPORT OF ASHIMA LIMITED FOR THE YEAR ENDED 31[ST] MARCH, 2020

To,

Board of Directors of

Ashima Limited

CIN :L99999GJ1982PLC005253 Texcellence Complex, Khokhara, Mehmedabad , Ahmedbad – 380021

I, Mr. Tapan Shah, Practicing Company Secretary have examined:

• a) all the documents and records made available to me through electronically by way of scan copy or soft copy through mail or otherwise and explanation provided by Ashima Limited (`the Company’),

• b) the filings/ submissions made by the Company to the stock exchanges,

• c) website of the Company,

• d) other documents/ filing, as may be relevant, which has been relied upon to make this certification;

For the year ended 31 March, 2020 in respect of compliance with the provisions of:

• a) the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) and the Regulations, circulars, guidelines issued there under; and

• b) the Securities Contracts (Regulation) Act, 1956 (“SCRA”), rules made thereunder and the Regulations, circulars, guidelines issued thereunder by the Securities and Exchange Board of India (“SEBI”);

Apart from above, the specific Regulations, whose provisions and the circulars/guidelines issued thereunder, have been examined, include:-

• a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time;

• b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018:- N.A.

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TAPAN SHAH COMPANY SECRETARY

816-818, Anand Mangal – 3, Opp. Core House, Nr. Doctor House, Ellisbridge, Ahmedabad-380006 Phone : (O) 26430810, 40024320 E-mail : info@tapanshah.in

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• c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,2011, as amended from time to time;

• d) Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018:- N.A. e) Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014:- N.A.

• f) Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008:- N.A.

• g) Securities and Exchange Board of India (Issue and Listing of Non-Convertible and Redeemable Preference Shares) Regulations, 2013:- N.A.

• h) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time;

• i) SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016:- N.A.

• j) Securities and Exchange Board of India (Issue and Listing of Securitized Debt Instruments and Security Receipts) Regulations, 2008:- N.A.

• k) SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003:- N.A.

• l) SEBI (Issue of Sweat Equity) Regulations, 2002:- N.A.

• m) SEBI (Registrars to an Issue and Share Transfer Agents) Regulations,1993, as amended from time to time;

• n) SEBI (Depositories and Participant) Regulations,2018, as amended from time to time ; o) SEBI (Investor Protection and Education Fund) Regulation,2009;

and based on the above information and considering the relaxations granted by the Ministry of Corporate Affairs and Securities and Exchange Board of India warranted due to the spread of the COVID-19 pandemic, I hereby report that, during the Period und Review:

• (a) The Company has generally complied with all the material provisions of the above applicable Regulations and circulars/ guidelines issued thereunder.

• (b) The Company has maintained proper records under the provisions of the above Regulations and circulars/ guidelines issued there under in so far as it appears from my

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TAPAN SHAH COMPANY SECRETARY

816-818, Anand Mangal – 3, Opp. Core House, Nr. Doctor House, Ellisbridge, Ahmedabad-380006 Phone : (O) 26430810, 40024320 E-mail : info@tapanshah.in

examination of those records.

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• (c) The Company has prima facie complied with and included the conditions as mentioned in Para 6(A) and 6(B) of the SEBI circular CIR/CFD/CMD1/114/2019, dated October 18, 2019 in the terms of appointment of statutory auditor of the Company.

• (d) As per the undertaking and declaration given by the Management and concern person, no actions has been taken against the Company/its promoters/ directors/ material subsidiaries either by SEBI or by Stock Exchanges, under the aforesaid Acts/ Regulations and circulars/ guidelines issued thereunder.

• (e) No Observations has been issued on the Company in the previous report and so compliance on the observation will not apply to the Company.

TAPAN Digitally signed by TAPAN RAJANIKAN RAJANIKANT SHAH Signature: T SHAH Date: 2020.06.22 13:23:44 +05'30' Place: Ahmedabad Name of Company Secretary : TAPAN SHAH Date : June 22, 2020 Membership No. : FCS4476 C P No. : 2839

UDIN: F004476B000363340

Note :

Due to restricted movement amid COVID-19 pandemic, I have conducted the Secretarial audit by examining the secretarial records including Minutes, Documents, Registers and other records, etc., some of them received by way of electronic mode from the Company and could not be verified from the original records. The management has confirmed that the records submitted to me are the true and correct.

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