Board approves 16 October 2026 record date for capital reduction under NCLT order

Board meeting outcome: the board approved 16th October, 2026 as the Record Date for the Capital Reduction of the Company.

Mon 12 Oct 2026

Record Date

16th October, 2026

NCLT Order Date

03rd June 2025

Board Meeting Date

12th October, 2026

What was announced

• The board of Ashapura Intimates Fashion Ltd met on 12th October, 2026 and approved 16th October, 2026 as the Record Date for the Capital Reduction of the Company.
• The Capital Reduction is being carried out as per the order passed by the National Company Law Tribunal, Mumbai Bench, on 03rd June 2025.
• The board meeting began at 04:15 PM and concluded at 04:45 PM.

Understanding the two dates in this update

The record date is the cut-off date a company uses to fix which shareholders are on its register for a particular corporate action. Shareholders whose names appear on the register as on that cut-off are the ones identified for the action in question.

The Tribunal order is the approval framework for the Capital Reduction itself. Here the board's decision was to fix the date on which the shareholder list is frozen for the exercise.

What a capital reduction is

• It is a process by which a company reorganises its share capital.
• Such a step is carried out within the framework approved by the National Company Law Tribunal.
• The board's action reported here is the approval of the record date connected to that process.

How a reader may see it

Fixing a record date is a procedural step that moves the Capital Reduction forward on its timeline. It tells shareholders which date will be used to determine the register of members for the action. The announcement records the Tribunal's order as the basis for the Capital Reduction and states that the board has approved the record date of 16th October, 2026.

Key takeaway

• Board meeting: 12th October, 2026, held from 04:15 PM to 04:45 PM.
• Record date approved: 16th October, 2026.
• Basis: order of the National Company Law Tribunal, Mumbai Bench, dated 03rd June 2025.
• Subject: Capital Reduction of the Company.

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