AIAshapura Intimates Fashion535467Board meeting scheduled

Board meeting on 28 October to consider allotment of shares upon reduction of share capital

Ashapura Intimates Fashion has called a Board meeting on Wednesday, 28 October 2026.

By ScoutQuest · Fri 23 Oct 2026, 3:07 PM IST · 2 min read

Board meeting date

Wednesday, 28 October 2026

Record date

26 October 2026

NCLT order

IA 887/2025 in C.P. (IB)/4488(MB)2018

What the company told the exchanges

Ashapura Intimates Fashion Ltd has informed BSE and NSE that a meeting of its Board of Directors will be held on Wednesday, 28 October 2026. The notice says the Board will consider and approve various significant matters, and sets out the agenda.

Agenda item 1: allotment of shares upon reduction of share capital

• The Board will consider the allotment of shares upon the reduction of share capital.
• This is to be done as per the relief order passed by the NCLT Mumbai Bench vide order IA 887/2025 in C.P. (IB)/4488(MB)2018.
• The allotment is to the shareholders available on the record date of 26 October 2026.

Agenda item 2: any other items with the permission of the chairperson.

Why this matters to a retail shareholder

A reduction of share capital changes the number of shares a company has and how they are held, and this meeting is about issuing shares to shareholders under that process, as permitted by the NCLT relief order. The record date tells you which shareholders are covered. If you held shares on that date, the Board meeting on 28 October 2026 is the step where the allotment is to be taken up.

The update is a notice of the meeting. It does not state how many shares will be allotted, in what ratio, or at what price. Those details would come from the Board's decision and the order itself.

What to watch

• The outcome of the 28 October 2026 Board meeting, which the company would be expected to intimate to the exchanges.
• Any update on the share capital position after the allotment is decided.

The company has signed the intimation through Nikunj Shah, Managing Director (DIN: 09677879), and the letter is dated 23 October 2026. The scrip is listed on BSE under code 535467 and on NSE under the symbol AIFL.

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