Ashima Limited — Others, 14-07-2025: Shareholders meeting

Ashima Limited has announced its 42nd Annual General Meeting via video conference to adopt the financial results for the year ended March 31, 2025. The company reported a consolidated loss of ₹19 crore, a significant shift from the previous year's profit, impacted by lower real estate revenue and textile operation closure. The Investment division's portfolio was transferred to its wholly-owned subsidiary, Ashima Capital Management Limited, which now manages ₹142 crore assets. Shareholders will consider reappointment of key directors, including the Managing Director's continuation beyond age 70, and approval of related party transactions up to ₹3 crore and ₹2 crore annually. The company also issued ₹10 crore in non-convertible debentures.