Board Meeting21 Sept 2026, 05:30 pm
Ashapura Board to meet Sep 24 for Capital Reduction & Preferential Issue
AI Summary
Ashapura Intimates Fashion Ltd has informed BSE that its Board of Directors will convene a meeting on Thursday, September 24, 2026. The primary agenda items for this meeting include considering and approving a proposal for the Reduction of Share Capital. Additionally, the Board will consider and approve a proposal for Raising of funds through a Preferential Issue. Both these significant corporate actions are in accordance with relief orders passed by the NCLT Mumbai Bench, specifically dated June 3, 2025, and June 3, 2026, under order IA 887/2025 in C.P. (IB)/4488(MB)2018.
Key Highlights
- Board meeting scheduled for September 24, 2026.
- Agenda includes considering a Reduction of Share Capital.
- Proposal for Raising funds via Preferential Issue to be discussed.
- Both actions are based on NCLT Mumbai Bench relief orders.
Price Impact
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