Ashapura Intimates Fashion Limited (AIFL)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ashapura Intimates' revenue was ₹4.0 Cr, and net profit ₹0.1 Cr; the operating margin was 3.5%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹4.0 | — | — |
| Operating profit | ₹0.1 | — | — |
| Net profit | ₹0.1 | — | — |
| EPS (₹) | 0.04 | — | — |
| Operating margin | 3.5% | — | — |
📢 Recent Corporate Announcements
Ashapura Intimates Fashion Limited has revised its record date for a proposed capital reduction from 16th October, 2026 to 26th October, 2026. The capital reduction is being executed pursuant to an NCLT order in compliance with Regulation 42(2) of SEBI LODR Regulations. The company reported modest operations in the Jun 2026 quarter with revenue of Rs 3.9851 crore and net profit of Rs 0.1031 crore.
- Record date revised from 16th October, 2026 to 26th October, 2026
- Purpose of the record date is capital reduction as per NCLT order
- Earlier intimation fixing the record date was submitted on 12th October, 2026
- Complied under Regulation 42(2) of SEBI LODR Regulations
Ashapura Intimates Fashion Limited has fixed Friday, October 16, 2026, as the record date for capital reduction pursuant to an NCLT order under Regulation 42 of SEBI LODR. The exact ratio and terms of the capital reduction are not disclosed in the filing. In the recent quarter ended June 2026, the company reported revenue of Rs 3.9851 crore and a net profit of Rs 0.1031 crore. Investors should await detailed disclosures regarding post-reduction shareholding and corporate actions.
- Record date fixed for October 16, 2026 (Friday)
- Capital reduction executed pursuant to NCLT Order
- Filing submitted under Regulation 42 of SEBI LODR Regulations, 2015
- Q1 June 2026 revenue stood at Rs 3.9851 crore with PAT of Rs 0.1031 crore
Ashapura Intimates Fashion Limited has fixed October 16, 2026, as the record date to execute its capital reduction scheme. This follows an order passed by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 3, 2025. The company recently reported Q1 FY27 (June 2026) revenue of Rs 3.99 crore and net profit of Rs 0.10 crore. Specific share cancellation ratios or post-reduction equity capital figures were not disclosed in the announcement.
- Board approved October 16, 2026, as the Record Date for capital reduction
- Capital reduction is pursuant to NCLT Mumbai Bench order dated June 3, 2025
- Board meeting held on October 12, 2026, between 04:15 PM and 04:45 PM
- June 2026 quarterly revenue stood at Rs 3.9851 crore with net profit of Rs 0.1031 crore
Ashapura Intimates Fashion Limited submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026. The RTA confirmed that all securities received for dematerialisation during the period were duly processed, verified, and cancelled within prescribed timelines. This is a standard quarterly administrative filing with no financial impact.
- Covers the quarterly period ended September 30, 2026
- Confirmation certificate issued by RTA MUFG Intime India Private Limited on October 3, 2026
- Formally submitted to stock exchanges BSE and NSE on October 12, 2026
- Confirms that dematerialised security certificates were mutilated and cancelled as per SEBI regulations
Ashapura Intimates Fashion Limited submitted its Scrutinizer's Report for the AGM held on September 30, 2026. All 9 resolutions were passed with 99.87% majority (9,901 votes in favor vs 13 against across 57 members). Key approvals include altering the company's main objects in the Memorandum of Association and shifting the registered office from Maharashtra to Gujarat.
- All 9 resolutions passed with 99.87% votes in favor (9,901 shares) and 0.13% against (13 shares)
- Approved shifting of registered office from Maharashtra to Gujarat (Special Resolution No. 8)
- Approved adoption of new MOA upon alteration of main business objects (Special Resolution No. 7)
- Appointed M/s N K Sarraf & Associates as statutory auditor and M/s Dharti Patel & Associates as secretarial auditor
Ashapura Intimates Fashion Limited held its Annual General Meeting on September 30, 2026. Key items put to vote included the adoption of FY2025-26 financials, appointment of statutory auditors M/s. N K Sarraf & Associates, and director appointments. Shareholders also voted on special resolutions regarding the adoption of a new Memorandum of Association with altered main objects and shifting the registered office from Maharashtra to Gujarat. Final voting results across the 9 agenda items will be disclosed within two working days.
- AGM held on September 30, 2026, commencing at 11:00 AM and concluding at 11:30 AM
- 9 total resolutions tabled, including 2 special resolutions
- Special resolution proposed to alter Main Objects under the Memorandum of Association
- Special resolution proposed to shift registered office from Maharashtra to Gujarat
- Remote e-voting window was open from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
Ashapura Intimates Fashion has approved a major capital restructuring pursuant to an NCLT order dated June 3, 2025. The entire pre-liquidation promoter holding of 37,20,692 equity shares will be extinguished. Public shareholding will be drastically reduced from 2,14,90,714 shares to 5,00,000 shares (in a ratio of 1 new share for every ~43 existing shares), reducing public ownership to 5.00%. Simultaneously, 95,00,000 new equity shares will be issued at Rs 10 each on a preferential basis to Pervasive Commodities Limited, giving them a 95.00% controlling stake as the new promoter.
- Complete cancellation and extinguishment of 37,20,692 shares held by pre-liquidation promoters.
- Pre-liquidation public holding reduced from 2,14,90,714 shares down to 5,00,000 shares in a 1:43 ratio.
- Total paid-up capital reorganized from 2,52,11,406 shares to 1,00,00,000 shares of Rs 10 each.
- 95,00,000 new shares issued to nominee Pervasive Commodities Limited at Rs 10 per share, establishing a 95.00% promoter stake.
Ashapura Intimates Fashion Limited has submitted the notice for its upcoming Annual General Meeting (AGM) scheduled for September 30, 2026, at 11:00 AM in Malad East, Mumbai. The company reported a revenue of Rs 3.9851 crore and a net profit of Rs 0.1031 crore in the June 2026 quarter. This filing is a procedural compliance intimation submitted under SEBI (LODR) Regulations, 2015. No other operational decisions or financial plans were disclosed in the notice cover letter.
- Annual General Meeting scheduled for September 30, 2026, Wednesday at 11:00 AM
- AGM venue located at Plot no. 1, Pusha Park, Daftary Road, Malad East, Mumbai – 400097
- Company posted Q1 Jun 2026 revenue of Rs 3.9851 crore and PAT of Rs 0.1031 crore
Ashapura Intimates Fashion Limited announced key outcomes from its Board meeting held on September 04, 2026. The Board approved altering its Memorandum of Association (MOA) Object Clause to venture into four diverse sectors: Agro-food products, Infrastructure & Real Estate, Jewellery & Gemstones, and Information Technology/AI solutions. Additionally, the company approved shifting its registered office from Maharashtra to Gujarat, subject to member approval at the upcoming Annual General Meeting scheduled for September 30, 2026.
- Board approved changing the MOA main object clause to include 4 new sectors: Agro/Edible Oil, Infrastructure/Real Estate, Jewellery, and IT/AI services.
- Proposed shifting of the registered office from the State of Maharashtra to the State of Gujarat, subject to shareholder approval.
- Annual General Meeting scheduled for September 30, 2026 at 11:00 AM in Malad East, Mumbai.
- Share transfer book closure set from September 24, 2026 to September 30, 2026 for the AGM.
Ashapura Intimates Fashion Limited (AIFL) reported a revenue of ₹398.51 Lakhs for Q1 FY27, a significant recovery from zero revenue in the same quarter last year. The company has pivoted its business model from garments to trading whole grains (wheat), which accounted for the entire revenue. AIFL turned a small net profit of ₹10.31 Lakhs, compared to a loss of ₹47.85 Lakhs in Q1 FY26. Notably, a ₹21.30 Crore funding obligation from Pervasive Commodities Ltd has been fully fulfilled under a triparty MOU, providing necessary liquidity.
- Revenue from operations rose to ₹398.51 Lakhs in Q1 FY27 from nil in the previous four quarters.
- Net profit recorded at ₹10.31 Lakhs against a loss of ₹47.85 Lakhs in the year-ago period.
- Total funding obligation of ₹21,30,00,000 fulfilled by Pervasive Commodities Ltd as per triparty MOU.
- Cost of materials consumed for the new wheat trading business stood at ₹359.46 Lakhs.
- Company reported an EPS of ₹0.04 for the quarter ended June 30, 2026.
Ashapura Intimates Fashion Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that share certificates received for dematerialization were processed and cancelled. The RTA further confirmed that the names of the depositories have been substituted in the register of members as the registered owners. This is a standard procedural filing required for all listed entities in India.
- Compliance certificate submitted for the quarter ended June 30, 2026
- RTA MUFG Intime India Private Limited issued the confirmation on July 1, 2026
- Confirms that security certificates were mutilated and cancelled after due verification
- Verification and substitution in the register of members completed within prescribed timelines
Ashapura Intimates Fashion Limited (AIFL) has announced the closure of its trading window for all directors, designated persons, and covered officials starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. The date for the board meeting to approve these results will be announced separately.
- Trading window closure effective from July 1, 2026
- Closure relates to the unaudited financial results for the quarter ended June 30, 2026
- Window to remain closed until 48 hours after the financial results are declared
- Restriction applies to all directors, designated persons, and other covered officials
Ashapura Intimates Fashion Limited has completed the mandatory newspaper publication of its financial results for the quarter and fiscal year ended March 31, 2026. The results were published in Active Times Mumbai (English) and Mumbai Lakshdweep (Marathi) on June 2, 2026. This filing is a procedural requirement under Regulation 47 of SEBI (LODR) Regulations, 2015. The announcement confirms that the year-end financial data is now available for public review through these media outlets.
- Published financial results for the quarter and full year ended March 31, 2026.
- Complied with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Publications appeared in Active Times Mumbai (English) and Mumbai Lakshdweep (Marathi) newspapers.
Ashapura Intimates Fashion Limited (AIFL) released its FY26 results, which were met with a severe 'Disclaimer of Opinion' from auditors N.K. Sarraf & Associates. The auditors stated they could not verify opening balances, bank statements, inventory, or revenue due to a total lack of supporting documentation and management cooperation. The report highlights suspected fraudulent transactions from 2018 and continuous statutory non-compliance regarding PF, GST, and TDS for eight consecutive years. While the company has been under CIRP, the auditors were unable to independently verify settlements claimed under NCLT orders.
- Auditors issued a Disclaimer of Opinion for FY26, citing an inability to obtain sufficient appropriate audit evidence.
- Suspected fraudulent transactions from FY 2017-18 remain under investigation with unknown consequential impacts.
- The company failed to deposit statutory dues including PF, GST, and TDS for every financial year from 2017-18 to 2024-25.
- No physical verification of inventory was conducted for FY26, and no supporting records for closing stock were provided.
- Key financial documents, including bank statements, loan account details, and board minutes, were not made available for audit.
Ashapura Intimates Fashion Limited (AIFL) has appointed Mr. Pawansut Swami as the Company Secretary and Compliance Officer effective May 4, 2026. Mr. Swami is a qualified professional with over 10 years of experience in the Companies Act and SEBI regulatory compliance. The appointment was approved by the Board following recommendations from the Nomination and Remuneration Committee. This move is aimed at strengthening the company's corporate governance and ensuring adherence to listing regulations.
- Mr. Pawansut Swami (ACS: 40937) appointed as Company Secretary and Compliance Officer w.e.f. May 4, 2026
- The appointee brings over 10 years of experience in corporate law and SEBI guidelines
- Mr. Swami holds zero shares in the company and is not related to any directors or promoters
- The Board Meeting approving the appointment was conducted between 5:15 PM and 5:50 PM on May 4, 2026
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