GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Ashapura Intimates Fashion Ltd

Ashapura Intimates Fashion Reduces Share Capital, Allots New Shares

REGULATORY ◆ Monitor Closely HIGH RISK
📅 Filed on BSE: 28 Oct 2026, 05:52 PM IST  ·  BSE ID: 051335d8-e6b4-49fd-a9cd-3a71dfb044bf
View Original BSE Filing (PDF)
💡
In Simple Terms
The company cancelled many old shares and issued fewer new shares to existing public shareholders based on a court order.
🤖 AI Summary
  • Company cancelled 2,14,90,714 equity shares of ₹10 each.
  • Allotted 5,00,000 new equity shares of ₹10 each to public shareholders.
  • Shareholders received 1 new share for every 43 existing shares held.
  • Promoter and promoter group shareholding was extinguished and cancelled.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares Cancelled
2,14,90,714
New Equity Shares Allotted
5,00,000
Face Value per Share
₹10
Allotment Ratio
1:43
Pre-Reduction Promoter Holding
37,20,692
Post-Reduction Promoter Holding
0
Pre-Reduction Public Holding
2,14,90,714
Post-Reduction Public Holding
5,00,000
🏢 How This Affects the Company
💰
Financial Impact
The capital reduction significantly decreases the total number of outstanding equity shares and alters the shareholding structure by eliminating promoter holdings and issuing new shares to public shareholders.
⚠️
Risk Impact
The extinguishment of promoter and promoter group shareholding introduces a significant change in ownership structure, the long-term implications of which are not detailed.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders as the allotment and reduction were executed based on the record date.
👤
Who Is Affected
Existing public shareholders are affected by receiving 1 new Equity Share for every 43 existing Equity Shares held. Promoter and promoter group shareholders are not allocated any shares.
🔍
Management Signal
The decision signals a definitive restructuring of the company's capital base and a complete overhaul of its ownership structure.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Future financial statements to reflect new capital structure.
Announcements on strategic direction post-restructuring.
Management commentary on business outlook with new ownership.
HIGH RISK Complete extinguishment of promoter holding represents a significant and unusual ownership change with unclear future implications.
💡 Investor Takeaway
Ashapura Intimates Fashion cancelled 2,14,90,714 equity shares and allotted 5,00,000 new equity shares to public shareholders at a 1:43 ratio, extinguishing promoter holdings.
⚖️ Strengths & Concerns

✅ Positives

  • Formalized capital restructuring as per NCLT order, addressing previous capital structure issues.
  • Allotment of new shares to existing public shareholders maintains their participation post-restructuring.

⚠️ Concerns

  • Complete extinguishment of promoter and promoter group shareholding (14.76% pre-reduction) is a drastic ownership change.
  • Significant reduction in total outstanding equity shares from 2,52,11,406 to 5,00,000.
❓ Frequently Asked Questions
What was the main event in the Ashapura Intimates Fashion Ltd filing on October 28, 2026?
The company announced the reduction of its paid-up share capital and the allotment of new equity shares as per an NCLT order.
How many shares were cancelled by Ashapura Intimates Fashion Ltd?
The company cancelled 2,14,90,714 equity shares of ₹10 each.
How many new shares were allotted to public shareholders by Ashapura Intimates Fashion Ltd?
5,00,000 new equity shares of ₹10 each were allotted to eligible existing public shareholders.
What is the allotment ratio for new shares in Ashapura Intimates Fashion Ltd's capital reduction?
The allotment ratio is 1 new Equity Share for every 43 existing Equity Shares held by public shareholders.
What happened to the promoter's shareholding in Ashapura Intimates Fashion Ltd due to this reduction?
The entire pre-reduction shareholding of the Promoter and Promoter Group was extinguished and cancelled; they did not receive any new shares.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.