Ashapura Intimates Fashion Ltd. Approves Q3 FY2025-26 Financial Results in Post-CIRP Scenario

Ashapura Intimates Fashion Ltd. held a Board Meeting on 14th February 2026 to approve the unaudited standalone financial results for the quarter ended December 31, 2025. The meeting was conducted in the context of the Regulation 30 and 33 of SEBI (LODR) Regulations, 2015. The company has experienced multiple irregularities, suspected fraudulent transactions, and statutory dues during the financial years 2017-2026. However, subsequent to the NCLT order, all outstanding statutory dues and other related payables have been written off and charged to the Statement of Profit and Loss under 'Exceptional Items.' The company has also been granted significant reliefs by the NCLT, including the conversion of its status from 'liquidation' to 'active,' removal of the existing Board of Directors, and appointment of new directors. The company is required to cancel the existing shareholding of both the promoters and the public shareholders and issue new shares to the applicant and its nominees. However, these actions have not yet been implemented as of the date of this report.