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Ashnisha Industries: Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015

This is to inform you that the Board of Directors of the Company in its meeting held today i.e. on Wednesday 29th June 2022 from 05:00 P.M. to 05:50 P.M. at the Registered Office of the Company inter alia has considered and approved following businesses:1. Change in designation of Mr. Ashok Chinubhai Shah (DIN: 02467830) pursuant to his unwillingness to continue as Managing Director due to pre occupancy elsewhere. However he will continue to hold office as a Non Executive Non Independent Director of the Company.2. Issue and allot equity shares of the Company by way of private placement on a preferential issue basis as attached. 3. Appointment of Mr. A. N. Gawade Registered Valuer for conducting valuation for determining fair price of proposed preferential issue of shares as mentioned above.

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