Ashapura Intimates Fashion Ltd. faces liquidation, unable to provide SEBI compliance certificate.
Ashapura Intimates Fashion Limited is unable to provide SEBI Regulation 74(5) certificate for the quarter ended March 31, 2026. The company has received a liquidation order and has not paid fees to NSDL and CDSL, preventing confirmation from its transfer agents.
Liquidation and inability to comply with regulatory requirements will have a significant negative impact on the company's operations, stock value, and stakeholder confidence.
The company has received a liquidation order and is unable to comply with SEBI regulations, indicating severe financial distress.
Ashapura Intimates Fashion Limited has informed BSE and NSE regarding its inability to provide the certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. The company stated that it has received a liquidation order and has not paid fees to NSDL and CDSL. Consequently, they have not received the confirmation certificate from their Registrar & Transfer Agents, MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt Ltd).
This non-compliance is due to the liquidation order and outstanding fees to depositories. The company is providing this information for the exchanges' records.
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Ashapura Intimates Fashion Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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