Ashima Limited — Others, 24-05-2025: Change in Auditors

Ashima Limited has announced a board meeting outcome approving the audited standalone and consolidated financial results for the quarter and year, with auditors giving a clean opinion. The company reported a consolidated net loss across real estate, investment, and investment management segments, indicating ongoing operational challenges. The Managing Director, Mr. Chintan N. Parikh, is proposed for reappointment for three years starting February 2026, pending shareholder approval. Shah & Shah Associates are set to be appointed as Secretarial Auditors for five years, subject to member approval. Governance and accounting controls remain adequate.