Ashapura Intimates Reduces Paid-Up Capital, Allots New Shares

Ashapura Intimates Fashion Ltd has reduced its paid-up share capital as per an NCLT order. The company cancelled and extinguished 2,14,90,714 equity shares of ₹10 each held by public shareholders. Subsequently, 5,00,000 new equity shares of ₹10 each were allotted to eligible existing public shareholders in a 1:43 ratio. The entire pre-reduction shareholding of the promoter and promoter group has been extinguished and they will not receive any shares upon reduction. This corporate action was approved in a Board Meeting held on October 28, 2026.