| Scrip Code | 535467 |
|---|---|
| NSE Symbol | AIFL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE428O01016 |
| Name of company | ASHAPURA INTIMATES FASHION LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2024 |
| Date of end of financial year | 31-03-2025 |
| Date of board meeting when results were approved | 26-09-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-09-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | export of product |
| Start date and time of board meeting | 26-09-2025 15:30:00 |
| End date and time of board meeting | 26-09-2025 17:00:00 |
| Whether cash flow statement is applicable on company | No |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Whether the company has any related party? | No |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | No |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | No |
| Latest Date on which RPT policy is updated | |
| Indicate Company website link for updated RPT policy of the Company | |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| NA | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2025 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 0.00 | 0.00 | |
| Other income | 19.11 | 19.15 | |
| Total income | 19.11 | 19.15 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 0.00 | 0.00 |
| (e) | Finance costs | 105.69 | 414.70 |
| (f) | Depreciation, depletion and amortisation expense | 11.87 | 47.88 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 93.98 | 123.77 |
| Total other expenses | 93.98 | 123.77 | |
| Total expenses | 211.54 | 586.35 | |
| 3 | Total profit before exceptional items and tax | (192.43) | (567.20) |
| 4 | Exceptional items | 0.00 | 830.06 |
| 5 | Total profit before tax | (192.43) | 262.86 |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (192.43) | 262.86 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (192.43) | 262.86 |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | (192.43) | 262.86 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 2,521.14 | 2,521.14 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 0.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.76 | 1.04 | |
| Diluted earnings (loss) per share from continuing operations | -0.76 | 1.04 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.76 | 1.04 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.76 | 1.04 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2024 | |
| Date of end of reporting period | 31-03-2025 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 1,135.31 | |
| Capital work-in-progress | 0.00 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 0.00 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 0.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | 0.00 | |
| Total non-current financial assets | 0.00 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | 0.00 | |
| Total non-current assets | 1,135.31 | |
| 2 | Current assets | |
| Inventories | 0.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 0.00 | |
| Cash and cash equivalents | 119.37 | |
| Bank balance other than cash and cash equivalents | 8.30 | |
| Loans, current | 0.00 | |
| Other current financial assets | 0.00 | |
| Total current financial assets | 127.67 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | 273.07 | |
| Total current assets | 400.74 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 1,536.05 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 2,521.14 | |
| Other equity | (33,705.41) | |
| Total equity attributable to owners of parent | (31,184.27) | |
| Non controlling interest | ||
| Total equity | (31,184.27) | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | 0.00 | |
| Total non-current financial liabilities | 0.00 | |
| Provisions, non-current | 10.30 | |
| Deferred tax liabilities (net) | 14.16 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | 0.00 | |
| Total non-current liabilities | 24.46 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 18,622.73 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 4,522.33 | |
| Total Trade payable | 4,522.33 | |
| Other current financial liabilities | 7,104.73 | |
| Total current financial liabilities | 30,249.79 | |
| Other current liabilities | 721.62 | |
| Provisions, current | 17.00 | |
| Current tax liabilities (Net) | 1,707.45 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 32,695.86 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 32,720.32 | |
| Total equity and liabilites | 1,536.05 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2025 | 01-04-2024 | |||||
| Date of end of reporting period | 31-03-2025 | 31-03-2025 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2025 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | ||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | N.K.Sarraf & Associates | Yes | 31-12-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 19.15 | 19.15 |
| 2 | Total Expenditure | 586.34 | 586.34 |
| 3 | Net Profit/(Loss) | 262.86 | 262.86 |
| 4 | Earnings Per Share | 1.04 | 1.04 |
| 5 | Total Assets | 1,536.06 | 1,536.06 |
| 6 | Total Liabilities | 1,536.06 | 1,536.06 |
| 7 | Net Worth | (31,184.27) | (31,184.27) |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Whether appeared first time | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| Textual Information(1) | . We are unable to comment on the necessary adjustments/disclosures in these financial statements in relation to the following items, in view of nonavailability of certain necessary information/documentation/satisfactory explanations relevant to the current year audit Reconciliation of trade payables and other payables outstanding as on 31.03.2025 in the absence of confirmations from the parties Non reconciliation of various other receivables outstanding as on 31.03.2025 in the absence of necessary information/ documentation. nb. The Company has not deposited various statutory dues (PF, ESIC,GST, TDS, and Income Tax) with the respective government authorities and has also failed to comply with the filing requirements under multiple statutory enactments during the financial years 2017 2018, 20182019, 2019-2020, 2020- 2021, 2021-2022 2023-24 and 2024-25. No provision has been made in the books for interest and penalties that may arise on account of such non-compliances. We have been informed that the provisions appearing in the audited financial statements have been Management comment for the sr. no a to t is: The erstwhile management is untraceable and did not provide all the necessary information and documents to the Liquidator. The limited information and documents available with the Liquidator have been shared with us hence, the current management is proceeding with compliances based on the same limited information and documents. recorded to the best of the knowledge and explanations provided by the Management. However, in the absence of sufficient and appropriate supporting data and documentation, we are unable to comment on the accuracy, completeness, and adequacy of the statutory liabilities and related provisions recognized in the financial statements nc. During the course of our review, we observed that key financial documents, including bank statements including the cash credit account, loan account statements, and fixed deposit schedules, were not made available for our verification. In the absence of these records, we are unable to comment on the accuracy, completeness, or presentation of these balances in the financial statements. nd. We have not been provided with any supporting data or records in respect of the closing inventory as at 31st March 2025. Further, no physical verification of inventory was conducted by the management during the year, in the absence of inventory records, supporting documentation, and physical verification, we are unable to comment on the existence, accuracy, and completeness of the inventory as reflected in the standalone financial. ne. Due to non-availability of relevant supporting documentation / evidence, we are unable to comment on the contravention of Sec 177 and 188 of the Companies Act, 2013 with respect to related party transactions and requirements of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015. nf. The Company has received share application money in FY 2017-18 of INR 270 Lakh which is still pending for allotment as on 31.03.2025 and it falls under the definition of deposits as per rule 2(c) to Chapter V of the Companies Act 2013 and is in contravention of Sec 73 of the Companies Act 2013 and we are unable to comment on the consequential impact, if any, on the financial statements of the such noncompliance. n |
|---|---|
| Textual Information(2) | The erstwhile management is untraceable and did not provide all the necessary information and documents to the Liquidator. The limited information and documents available with the Liquidator have been shared with us hence, the current management is proceeding with compliances based on the same limited information and documents. |
| Textual Information(3) | The erstwhile management is untraceable and did not provide all the necessary information and documents to the Liquidator. The limited information and documents available with the Liquidator have been shared with us hence, the current management is proceeding with compliances based on the same limited information and documents. |
| Textual Information(4) | NA |
| Textual Information(5) | NA |
| Name of CEO / Managing director | Nikunj Shah |
|---|---|
| Name of CFO | Nikunj Shah |
| Name of audit committee chairman | Nikunj Shah |
| Name of statutory auditor | Deepak Singhania |
| Name of other signatory, if any, with designation | |
| Place | Mumbai |
| Date | 26-09-2025 |