Ashima Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

The board of Ashima Limited has approved the financial results for the quarter and nine months ended December 31, 2024. The consolidated income amounted to ₹109.5 crore with a loss of ₹2.75 crore before exceptional items. Key decisions included the sale of a 8,893 square meter land parcel in Ahmedabad and 1,300 square feet of office space in Mumbai due to the cessation of cotton textile operations. The board noted the resignation of key personnel, with the Whole Time Director stepping down on March 31, 2025. The management highlighted efficient post-closure activities and anticipated completion of asset disposals within 3-4 months.