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Ashima MD, chairman, board of directors and AGM

NSE: ASHIMASYNBSE: 514286RealtySmall Cap

Formerly Ashima Syntex
Last close ₹13.04down ₹0.46 (3.41%)BSE ₹13.02

Share price at the NSE close on 23 Oct 2026. Previous close ₹13.50.

52-week range of traded prices to 23 Oct 2026
₹11.50Low, 27 Mar 2026₹22.89High, 23 Oct 2025
Market cap
₹250 Cr2,128th largest listed
P/E
Lossover the last 12 months
P/B
0.9
Dividend yield
Nonein the last 12 months
ROE
−5.5%
ROE without one-offs
−0.5%
ROCE
−0.9%
Debt to equity
0.59
Volume, NSE
88,19881.7% delivered

Ashima board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorCHINTAN NAVNITLAL PARIKHRelated to the promoter
  • Company Secretary and Compliance OfficerHARSHIL SHAH

6 directors4 independent2 executive

  • CHINTAN NAVNITLAL PARIKH · Chairperson and managing directorExecutive · joined Jun 1982 · reappointed May 2025 · 1 listed board
  • KRISHNACHINTAN CHINTAN PARIKHExecutive · joined Jun 2021 · reappointed Jun 2024 · 1 listed board
  • KOUSHLYA VIJAY MELWANIIndependent · joined Aug 2016 · reappointed May 2024 · 85 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • NILESH BANSILAL MEHTAIndependent · joined May 2024 · 25 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • NEERAJ GOLASIndependent · joined Aug 2016 · reappointed Aug 2021 · 118 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • MALAY JAYENDRA DALALIndependent · joined May 2026 · 1 month as independent · 2 listed boards · 2 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • SANJAY SHAILESHBHAI MAJMUDAR, left 1 May 2026: Others
  • SHRIKANT SACHCHIDANAND PAREEK, left 31 Mar 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 May 20265 of 6 present4 independent · 83 days in between
    • 28 Feb 20266 of 6 present3 independent · 14 days in between
    • 13 Feb 20266 of 6 present3 independent
  • Audit Committee

    Chair NILESH BANSILAL MEHTA

    KOUSHLYA VIJAY MELWANI, MALAY JAYENDRA DALAL

    • 23 May 20263 of 3 present3 independent · 98 days in between
    • 13 Feb 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair NILESH BANSILAL MEHTA

    KOUSHLYA VIJAY MELWANI, NEERAJ GOLAS, CHINTAN NAVNITLAL PARIKH

    • 23 May 20263 of 3 present3 independent · 83 days in between
    • 28 Feb 20264 of 4 present3 independent
  • Stakeholders Relationship Committee

    Chair KOUSHLYA VIJAY MELWANI

    NEERAJ GOLAS, MALAY JAYENDRA DALAL

    • 13 Feb 20263 of 3 present2 independent
  • Corporate Social Responsibility Committee

    Chair CHINTAN NAVNITLAL PARIKH

    KOUSHLYA VIJAY MELWANI, NILESH BANSILAL MEHTA

    • 13 Feb 20262 of 3 present2 independent
  • Sub Committee

    Chair KRISHNACHINTAN CHINTAN PARIKH

    CHINTAN NAVNITLAL PARIKH, KOUSHLYA VIJAY MELWANI

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Mukesh M.Shah & co.Peer-review certificate valid to Jan 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Ashima AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Ashima share news and announcements

Annual general meeting, 6 Aug 2026

40,532 shareholders on the register on 30 Jul 2026; present: 7 promoters and 40 others; votes counted by Tapan Shah / Tapan Shah.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and the Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 73.92% · promoters 100.00% · institutions 0.00% · other public 1.65%

  2. To appoint a Director in place of Mr. Chintan N. Parikh, Chairman and Managing Director (DIN: 00155225), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    90.77% for9.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.23%

    Turnout: all 0.37% · promoters 0.00% · institutions 0.00% · other public 1.40%

  3. Appointment of Ms. Uttara Chintan Parikh (DIN: 02334342) as a Non- Executive Non-Independent Director of the Company.
    OrdinaryPromoters have an interest in it
    90.77% for9.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.23%

    Turnout: all 0.37% · promoters 0.00% · institutions 0.00% · other public 1.40%

  4. Approval of payment of remuneration to Ms. Uttara Chintan Parikh (DIN: 02334342), a Non-Executive Non-Independent Director of the Company
    SpecialPromoters have an interest in it
    89.82% for10.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.18%

    Turnout: all 0.33% · promoters 0.00% · institutions 0.00% · other public 1.27%

  5. Approval of payment of remuneration to Non-Executive Directors (including Independent Directors) of the Company.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 0.37% · promoters 0.00% · institutions 0.00% · other public 1.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Jun 2026, 2 resolutions

40,924 shareholders on the register on 22 May 2026; votes counted by Tapan Shah / Tapan Shah.The company's voting result (opens in a new tab)

  1. TO APPROVE THE APPOINTMENT OF MR. MALAY JAYENDRA DALAL (DIN:01896746) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.96%

    Turnout: all 73.98% · promoters 100.00% · institutions 0.00% · other public 1.87%

  2. RELATED PARTY TRANSACTION BETWEEN SAUMYA CONSTRUCTION PRIVATE LIMITED AND ASHIMA CAPITAL MANAGEMENT LIMITED, A WHOLLY OWNED SUBSIDIARY OF ASHIMA LIMITED
    OrdinaryPromoters have an interest in it
    99.31% for0.69% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.69%

    Turnout: all 0.43% · promoters 0.00% · institutions 0.00% · other public 1.62%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2026, 1 resolution

33,475 shareholders on the register on 13 Feb 2026; votes counted by Tapan Shah / Tapan Shah.The company's voting result (opens in a new tab)

  1. Related party transaction between Saumya Construction Private Limited and Ashima Capital Management Limited, a wholly owned subsidiary of Ashima Limited
    OrdinaryPromoters have an interest in it
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 0.27% · promoters 0.00% · institutions 0.00% · other public 1.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Feb 2026, 1 resolution

42,010 shareholders on the register on 2 Jan 2026; votes counted by TAPAN SHAH / TAPAN SHAH.The company's voting result (opens in a new tab)

  1. REDESIGNATION OF MR. SANJAY SHAILESHBHAI MAJMUDAR (DIN: 00091305) FROM NON-EXECUTIVE INDEPENDENT DIRECTOR TO NON-EXECUTIVE NON-INDEPENDENT DIRECTOR.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.77%

    Turnout: all 73.86% · promoters 99.98% · institutions 0.00% · other public 1.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2025, 7 resolutions

44,132 shareholders on the register on 31 Jul 2025; present: 8 promoters and 41 others; votes counted by TAPAN SHAH / TAPAN SHAH.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 73.84% · promoters 100.00% · institutions 0.00% · other public 1.34%

  2. To appoint a director in place of Mr. Krishnachintan Parikh, Executive Director (DIN: 07208067), who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 73.84% · promoters 100.00% · institutions 0.00% · other public 1.34%

  3. Reappointment of Mr. Chintan N. Parikh (DIN: 00155225), as Managing Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 73.84% · promoters 100.00% · institutions 0.00% · other public 1.34%

  4. Ratification of remuneration of Cost Auditor.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.23%

    Turnout: all 73.84% · promoters 100.00% · institutions 0.00% · other public 1.34%

  5. Appointment of Secretarial Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 73.84% · promoters 100.00% · institutions 0.00% · other public 1.34%

  6. Related Party Transaction with Saumya Construction Private Limited.
    OrdinaryPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 0.35% · promoters 0.00% · institutions 0.00% · other public 1.34%

  7. Related Party Transaction between Saumya construction Private Limited and Ashima Capital Management Limited, a wholly owned subsidiary of Ashima Limited.
    OrdinaryPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 0.35% · promoters 0.00% · institutions 0.00% · other public 1.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Oct 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Disposal of the operational movable assets, including any brand name, but excluding land and building, of the cotton textiles operations of the company
    Special
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 0.34% · promoters 0.00% · institutions 0.00% · other public 1.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Aug 2024, 5 resolutions

Present: 5 promoters and 31 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 73.72% · promoters 100.00% · institutions 0.00% · other public 0.89%

  2. To appoint a Director in place of Mr. Chintan N. Parikh, Chairman and Managing Director (DIN: 00155225), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.82%

    Turnout: all 73.64% · promoters 99.89% · institutions 0.00% · other public 0.89%

  3. Appointment of Mr. Nilesh Bansilal Mehta (DIN: 00199071) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.93%

    Turnout: all 73.72% · promoters 100.00% · institutions 0.00% · other public 0.89%

  4. Approval of payment of remuneration to Independent Directors of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.93%

    Turnout: all 73.72% · promoters 100.00% · institutions 0.00% · other public 0.89%

  5. Ratification of remuneration of Cost Auditor
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 73.72% · promoters 100.00% · institutions 0.00% · other public 0.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Mar 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Revision in Remuneration of Mr. Krishnachintan C. Parikh (DIN: 07208067), Executive Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 73.73% · promoters 99.98% · institutions 0.00% · other public 0.99%

  2. Re-appointment of Mr. Krishnachintan C. Parikh (DIN: 07208067), as Executive Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 73.73% · promoters 99.98% · institutions 0.00% · other public 0.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.