Unaudited Standalone Financial Result for the Quarter ended as on 31st December 2025
Awaiting price reaction for this filing.
Ashapura Intimates Fashion Ltd reported zero revenue from operations for Q3 FY26 (quarter ended December 31, 2025), as business operations have remained suspended since Q3 FY 2018-19. Total income stood at just ₹2.31 lakhs from other income, with total expenses of ₹8.59 lakhs (entirely depreciation), resulting in a net loss of ₹8.59 lakhs before tax. There were no exceptional items booked in this quarter, though ₹30,220.57 lakhs of past liabilities were written off as exceptional items in the preceding quarter following an NCLT order. The auditor (N.K. Sarraf & Associates) issued a Disclaimer of Opinion, citing inability to verify opening balances, missing documentation, unconfirmed statutory dues (PF, ESIC, GST, TDS, Income Tax), pending GST/TDS filings, and inability to assess pending litigations and related party transaction compliance. The company underwent CIRP and liquidation, was acquired by Grow House Agro Limited via e-auction, and an NCLT order dated June 10, 2025 converted its status back to active with a new board, though share cancellation and re-issuance is still pending.
This is a deeply distressed shell company with no operations, qualified by a disclaimer of opinion from auditors and an explicit going concern doubt, making the financials unreliable for decision-making. Shareholders face major uncertainty around the pending share cancellation/reissuance process and the company's future business direction under new promoters.