Ashapura Intimates Fashion: Allots 500,000 Shares Post Capital Reduction

Ashapura Intimates Fashion Ltd announced the allotment of 500,000 new equity shares of ₹10 each to its existing public shareholders. This allotment follows a capital reduction process where 2,14,90,714 equity shares held by public shareholders were cancelled and extinguished. The new shares are issued in a ratio of 1 new equity share for every 43 existing equity shares held by eligible public shareholders as of the record date, October 26, 2026. The company's Board of Directors approved this restructuring, which was based on an order from the National Company Law Tribunal, Mumbai Bench, dated June 3, 2025. Post-reduction, the promoter and promoter group will hold 0% of the company's shares, with public shareholders holding 100% of the newly structured capital.