Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Awaiting price reaction for this filing.
Ashapura Intimates Fashion Ltd has informed BSE and NSE that it cannot submit the Regulation 74(5) confirmation certificate for the quarter ended 31 March 2025. The certificate is normally issued by the company's Registrar & Transfer Agent (RTA) to confirm details of dematerialised shares. The company states it has not received the certificate from its RTA, MUFG Intime India Pvt. Ltd., because it received a liquidation order and has not paid fees to NSDL and CDSL. The letter is signed by the appointed Liquidator, confirming the company is currently under liquidation proceedings.
This filing confirms the company remains under liquidation and is in regulatory non-compliance with depository rules. For shareholders, this signals heightened distress — share trading, transfers, and corporate actions may be restricted, and the outlook for equity holders is uncertain given the liquidation status.