Certificate Under Regulation 74(5) for the Quarter ended as on 30th September 2025
Awaiting price reaction for this filing.
Ashapura Intimates Fashion Ltd has informed BSE and NSE that it is unable to submit the certificate required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the July–September 2025 quarter. The company states it has received a liquidation order and has not paid fees to NSDL and CDSL, the two depositories. As a result, its Registrar and Transfer Agent, MUFG Intime India Pvt. Ltd., has not issued the confirmation certificate and the company cannot attach it. The letter is signed by Managing Director Nikunj Shah and dated 28 November 2025.
This is a strongly negative disclosure for shareholders. A liquidation order against the company and unpaid dues to the depositories suggest serious financial distress and potential risk to the continuity of the business and trading in its shares. Investors should treat this as a high-risk signal and closely watch for further updates on the liquidation proceedings and any action from the stock exchanges.