ASHIMASYN

- Ashima Limited has issued a notice of postal ballot to its shareholders. - The notice contains details regarding resolutions proposed for voting. - Shareholders can cast their votes electronically within the stipulated timeline.

- Ashima Limited filed a pursis to withdraw the civil suit against HDFC Bank before the Commercial Court, Ahmedabad on October 30, 2026. - The Hon'ble Court disposed of the suit as withdrawn on the same day, successfully concluding the settlement proceedings. - Following the withdrawal, HDFC Bank will pay approximately Rs. 4.06 Crores to the company.

Q2 FY27 Consolidated Revenue ₹14.98 Cr vs ₹4.01 Cr (▲274% YoY) EBITDA Loss ₹24.76 Cr vs Loss ₹1.27 Cr PAT Loss ₹25.06 Cr vs Loss ₹3.15 Cr EBITDA Margin -165.3% vs -31.7%

- Ashima Limited updated the exchange on the settlement of legal cases with HDFC Bank Limited and Bank of Bahrain and Kuwait BSC (BBK). - Consent terms were filed before the Debt Recovery Appellate Tribunal (DRAT) on October 26, 2026. - The company handed over a demand draft of Rs. 18.00 crores to BBK during the hearing, and DRAT accepted the settlement and allowed case withdrawals. - The company will withdraw the civil suit before the Commercial Court in Ahmedabad, following which HDFC Bank will release approximately Rs. 4.06 crores belonging to the company.

- Ashima Limited has executed Consent Terms on October 22, 2026, with HDFC Bank and Bank of Bahrain and Kuwait (BBK) to settle long-pending legal cases spanning since 2003. - The company will pay ₹18.00 crores to BBK and receive approximately ₹4.06 crores from HDFC Bank, resulting in a net cash outgo of approximately ₹13.94 crores. - The settlement will result in an overall impact on profitability of approximately ₹9.83 crores, including an interest expense of ₹10.50 crores and interest income of ₹0.67 crores.

- Trading window closed for designated persons and insiders from October 1, 2026. - Closure remains in effect until 48 hours after the declaration of unaudited financial results for the quarter and half-year ended September 30, 2026.

- Mrs. Shefali Chintan Parikh (Promoter Group) acquired 5,74,80,000 equity shares (29.99% of Ashima Limited's share capital) from Navchintan Trust (Promoter Group) via inter-se transfer without consideration on September 21, 2026.

- Ashima Limited's promoter group member, Shefali Chintan Parikh, will acquire 5,74,80,000 shares (29.991% stake) via inter-se transfer from Navchintan Trust, without consideration, on or after 21.09.2026. Her individual holding will increase from 0.05% to 30.04%, while the Trust's holding will decrease from 58.33% to 28.34%.

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