The Board of Directors of Ashima Limited appointed Mr. Krishnachintan Parikh as an Additional Director also as an Executive Director effective June 5, 2021 for a period of 3 years with payment of remuneration and perquisites. Based on the declaration received from him and in compliance with circular dated 20th June, 2018 of BSE Ltd. and National Stock Exchange of India Limited, the Board has noted that he is not debarred from holding the office of director pursuant to any SEBI order or any other such authority.