NewsStocksAshapura Intimates Fashion Limited Unable to Provide SEBI Compliance Certificate for Q3 FY26Ashapura Intimates Fashion Limited Unable to Provide SEBI Compliance Certificate for Q3 FY26
Ashapura Intimates Fashion Limited has informed stock exchanges of its inability to provide the SEBI Regulation 74(5) compliance certificate for Q3 FY26 quarter ended December 31, 2025. The company cited receiving a liquidation order and unpaid fees to depositories NSDL and CDSL as primary reasons for not obtaining the required certificate from its registrar and transfer agents.
*this image is generated using AI for illustrative purposes only.
Ashapura Intimates Fashion Limited has notified BSE and NSE that it cannot provide the mandatory confirmation certificate required under SEBI Regulation 74(5) for the quarter ended December 31, 2025. The company's Managing Director Nikunj Shah communicated this development to both stock exchanges on January 21, 2026.
Compliance Issue Details
The company has outlined specific reasons for its inability to meet the regulatory requirement:
| Issue: | Details |
|---|---|
| Liquidation Order: | Company has received liquidation order |
| Outstanding Fees: | Unpaid fees to NSDL and CDSL depositories |
| Certificate Status: | Not received from Registrar & Transfer Agents |
| Quarter Period: | Ended December 31, 2025 |
Registrar and Transfer Agent
The company's Registrar & Transfer Agents, MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt Ltd), has not provided the required confirmation certificate. This absence of certification directly stems from the company's outstanding obligations to the depositories and the liquidation proceedings.
Regulatory Context
SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018, mandates specific quarterly compliance requirements for listed companies. The regulation requires companies to obtain and submit confirmation certificates from their registrar and transfer agents as part of their ongoing compliance obligations.
Company Background
Ashapura Intimates Fashion Limited operates under the Valentine brand and is engaged in the textile and fashion industry. The company is listed on both BSE (scrip code: 535467) and NSE (scrip symbol: AIFL). Its registered office is located at Pacific Plaza, Dadar West, Mumbai, and it was incorporated in 2006 with CIN L17299MH2006PLC163133.
18
