Ashapura Intimates Fashion MD, chairman, board of directors and AGM

BSE: 535467Textiles & Apparels

Trading suspended since 28 Jan 2020

Last traded ₹1.55 on 27 Jan 2020

Ashapura Intimates Fashion board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorNIKUNJ SURESHCHANDRA SHAH

4 directors2 independent1 executive1 non-executive

  • NIKUNJ SURESHCHANDRA SHAH · Chairperson and managing directorExecutive · joined Jul 2025 · 13 months as independent · 1 listed board · 1 committee seat
  • HET MEHULBHAI THAKKARNon-executive · joined Jul 2025 · 13 months as independent · 1 listed board · 2 committee seats, 1 as chair
  • ARZOO RAGHUBHAI RABARIIndependent · joined Jul 2025 · 13 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • POOJA MANTHAN PATELIndependent · joined Jul 2025 · 13 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 16 May 20264 of 4 present2 independent · 11 days in between
    • 4 May 20264 of 4 present2 independent · 78 days in between
    • 14 Feb 20264 of 4 present2 independent

  • Audit Committee

    Chair ARZOO RAGHUBHAI RABARI

    POOJA MANTHAN PATEL, NIKUNJ SURESHCHANDRA SHAH

    • 16 May 20263 of 3 present2 independent · 90 days in between
    • 14 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair HET MEHULBHAI THAKKAR

    ARZOO RAGHUBHAI RABARI, POOJA MANTHAN PATEL

    • 4 May 20263 of 3 present2 independent · 78 days in between

  • Stakeholders Relationship Committee

    Chair POOJA MANTHAN PATEL

    ARZOO RAGHUBHAI RABARI, HET MEHULBHAI THAKKAR

    • 14 Feb 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • N K SARRAF & ASSOCIATESPeer-review certificate valid to Dec 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Ashapura Intimates Fashion AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Ashapura Intimates Fashion dividend history

Annual general meeting, 30 Sep 2026

7,461 shareholders on the register on 23 Sep 2026; present: 0 promoters and 33 others; votes counted by Dharti Patel / Dharti Patel & Associates.The company's voting result (opens in a new tab)

  1. Adoption of financial statements
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  2. To appoint Mr. Nikunj Sureshchandra Shah (DIN:09677879) Director of the Company retires by Rotation
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  3. To Appoint M/s. N K Sarraf & Associates, Chartered Accountants (FRN: 021945N), as the Statutory Auditor of the Company
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  4. Regularization of Mr. Het Mehulbhai Thakkar (DIN: 10935285) as a Non-Executive Director of the Company
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  5. Regularisation of the appointment Ms. Arzoo Raghubhai Rabari (DIN: 10754153) as a Non- Executive Independent Directors of the company
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  6. Regularisation of the appointment Ms. Pooja Manthan Patel (DIN: 10752933) as a Non- Executive Independent Directors of the company
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  7. Adoption of New Memorandum of Association upon Alteration of Main Objects by Replacement of new Objects in place of earlier Objects
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  8. To Shift the Registered office of the Company from State of Maharashtra to State of Gujarat
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

  9. Appointment of M/s. Dharti Patel & Associates Practicing Company Secretary as Secretarial Auditor of the Company
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 22 Mar 2023, 1 resolution

Present: 0 promoters and 0 others.The company's voting result (opens in a new tab)

  1. To approve the scheme of Compromise and arrangement
    Special
    88.22% for11.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.78%

    Turnout: all 0.12% · promoters 0.00% · institutions 0.00% · other public 0.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2018, 6 resolutions

Present: 6 promoters and 17 others.The company's voting result (opens in a new tab)

  1. Adoption of audited financial statements for the financial year ended March 31, 2018 and the report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.83% · promoters 87.77% · institutions 86.45% · other public 18.94%

  2. Confirmation of the payment of Interim Dividend and declaration of Final Dividend on equity shares for the financial year ended March 31, 2018
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.83% · promoters 87.77% · institutions 86.45% · other public 18.94%

  3. Appointment of director in place of Mr. Dinesh Chanubha Sodha (DIN: 02836240), who retires by rotation and, being eligible,seeks re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.83% · promoters 87.77% · institutions 86.45% · other public 18.94%

  4. Appointment of a Director in place of Mr. Hitesh Subhash Punjani (DIN: 03268480), who retires by rotation and, being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.83% · promoters 87.77% · institutions 86.45% · other public 18.94%

  5. Re-appointment of Mr. Harshad H. Thakkar (DIN: 01869173) as the Managing Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 20.14% · promoters 11.59% · institutions 86.45% · other public 18.94%

  6. Alteration of Articles of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.83% · promoters 87.77% · institutions 86.45% · other public 18.94%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 27 Aug 2017, 1 fund house

  • To issue four warrants amounting to Rs 108.0 mn on preferential basis to HT Media Limited
    1 for0 against
  • To issue non-convertible debentures or bonds on a private placement basis for an amount not exceeding Rs 250 mn
    1 for0 against

Mutual fund votes, meeting of 27 Feb 2017, 1 fund house

  • To approve the scheme of amalgamation of Momai Apparels Ltd. (a 20.03% subsidiary) with the Company
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 30 Nov 2016, 1 fund house

  • To approve the scheme of amalgamation of Momai Apparels Ltd. with the Company and their respective shareholders and creditors
    1 for0 against

Mutual fund votes, meeting of 29 Sep 2016, 1 fund house

  • Adoption of financial statements for the year ended 31 March 2016
    1 for0 against
  • Approval of related party transaction with Momai Apparels Limited
    1 for0 against
  • Ratify M/S JDNG & Associates appointment as statutory auditors and fix their remuneration
    1 for0 against
  • Reappoint Mr. Dinesh Sodha as Director
    1 for0 against
  • Reappoint Mr. Hitesh Punjani as Director
    1 for0 against
  • Revision in the remuneration of Dinesh Sodha, Whole time director
    1 for0 against
  • Revision in the remuneration of Hitesh Punjani, Whole time director
    1 for0 against
  • Revision in the remuneration of Mr. Harshad Thakkar, MD and Chairman (Executive) of the company
    1 for0 against

Mutual fund votes, meeting of 7 Sep 2015, 1 fund house

  • Dividend
    1 for0 against
  • Financials
    1 for0 against
  • Preferential Issue of Warrents
    1 for0 against
  • Re-Appointment of Director
    1 for0 against
  • Rectification of the Appointment of Statutory Auditors
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.