Ashima Limited informed that Mr. Hiren S Mahadevia has resigned from the position of Chief Financial Officer (CFO) of the Company by submitting his resignation letter dated 27th June, 2023. He will cease to be CFO of the Company with effect from the close of working hours on 30th June, 2023. He will continue his association with the company as Management Advisor to the top management.

His resignation will be taken on record by the Board of Directors at the upcoming Board Meeting of the Company.