AIFLNSEAshapura Intimates Fashion LimitedHighNeutral
Announced Wed, 29 Oct, 2025 · 19:00 IST
Auditor gives no opinion on FY23 results after liquidation sale
Going ConcernEmphasis Of MatterRevenue DeclinePat NegativeExceptional ItemRelated Party TransactionsResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
FY ended March 31, 2023: revenue was INR 3.04 lakh versus INR 11.67 lakh, while net loss was INR 602.98 lakh versus INR 1,083.38 lakh. Negative equity: INR 30,882.26 lakh. Auditor gave no opinion due to missing records, unreconciled balances, suspected fraud and unpaid statutory dues, and questioned the company's ability to continue. Liquidation began in 2020; Grow House Agro bought the company in 2024, with sale certificate issued in March 2025.
Likely market impact
Shareholders face high financial and recovery risk. Results lack auditor assurance, and any remaining equity value after the sale is highly uncertain.