Ashapura Intimates Fashion Limited — Board Meeting, 04-06-2025: Outcome of Board Meeting

Ashapura Intimates Fashion Ltd. has announced a board meeting on June 4, 2025, approving standalone financials covering nine quarters until March 2021. The company remains in deep losses with a net loss of ₹159.74 lakh and EPS of (₹0.63) in the latest quarter. Operations were halted since Q3 FY19, and the firm is under liquidation. The liquidation concluded with M/s. Grow House Agro Limited acquiring the company through e-auction and appointing a new Board. Significant financial uncertainties and missing documents continue to cloud a clean audit.