Compliance Certificate under reg. 74(5) for 31st December 2025
Awaiting price reaction for this filing.
Ashapura Intimates Fashion Ltd has informed BSE and NSE that it cannot submit the quarterly compliance certificate required under SEBI Regulation 74(5) for the quarter ended 31 December 2025. The company states that its Registrar & Transfer Agent, MUFG Intime India Pvt. Ltd., has not issued the required confirmation certificate. As reasons, the company disclosed that it has received a liquidation order and has not paid fees to the depositories NSDL and CDSL. The filing was signed by Managing Director Nikunj Shah on 21 January 2026. Scrip Code: 535467 (BSE), Symbol: AIFL (NSE).
This is a serious red flag for shareholders — a liquidation order suggests the company may be heading towards winding up, and non-payment of depository fees indicates acute financial or operational distress. Investors should treat this as a high-risk signal and await further clarification from the company or exchanges on the status of the liquidation proceedings.