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Ashapura Intimates Fashion Ltd. Company History and Annual Growth Details

Ashapura Intimates Fashion Limited was incorporated on July 17, 2006 under the Companies Act in the state of Maharashtra as "Ashapura Apparels Private Limited" and received a certificate of incorporation bearing CIN: U17299MH2006PLC163133 from RoC. Subsequently, pursuant to a special resolution passed by the shareholders at an EGM held on October 18, 2012, the name of the Company was changed to Ashapura Intimates Fashion Private Limited and a fresh certificate of incorporation consequent on change of name was issued by RoC on November 9, 2012. Further, pursuant to a special resolution passed by our shareholders at an
EGM held on December 1, 2012 our Company was converted into a public limited company and a fresh certificate of incorporation consequent on the conversion under the Companies Act on December 19, 2012 was obtained from RoC.

Key Events, Milestones and Achievements of the Company


Year

2006
Ashapura Apparels Private Limited i.e. our Company was incorporated


2007
The business of proprietorship firm namely Ashapura Apparels was transferred to the
Company. New facility spreading over 24,000 sq. ft. was established at Bhiwandi for
designing and marketing of intimate garments by the brand "Valentine".

2008
Company has installed modern machineries and expanded its marketing network and launched products under the brand "N-Line".

2009
Company launched a new brand "Night & Day" which helped in increasing the product range.


2011
Company expanded its brand portfolio by adding brands "Valentine Pink", "Valentine
Secret Skin" and "Valentine Sports". The Company also increased its facility by adding
10,000 sq. ft. area and acquired modern machineries.


2012
Company has clocked a turnover of more than ` 10,000 Lacs

2013
-Ashapura Intimates Fashion Ltd has recommended the Dividend of 5% on face value of Rs. 10 each.

2014
-Ashapura Intimates has recommends Final Dividend for Rs. 0.75/- per share
-Ashapura Intimates Fashion Ltd has received a Sanction of FCNR (B) Loan facility of 42 Cr (Sub Limit of Current Cash Credit Facility of Rs. 50 Cr) from Bank of Baroda.
-Ashapura Intimates Fashion Ltd has opening of Company's 1st Exclusive Business Outlet at Hill Road, Bandra

2015
-Ashapura Intimates Fashion Ltd Opened Valentine Franchise Exclusive Store at Bengaluru
-Opening of EBO (Exclusive Brand Outlet) in Pune
-Opening of EBO (Exclusive Brand Outlet) in Ahmedabad
-Opening of EBO (Exclusive Brand Outlet) in Thane
-Ashapura Intimates Fashion to open new EBO in Hyderabad
-Got National Awards For Marketing Excellence in Lounge & Night wear Brand of the Year
-Ashapura Intimates Fashion Ltd Launching a New Shopping Website
-AIFL opens a new store in Delhi
-AIFL opens a new store in Bengaluru

2016
-Ashapura Intimates F - Opening of EBO Store at Hyderabad, Inorbit Mall
-Ashapura Intimates Fashion opens EBO store at New Delhi
-Ashapura Intimates F - Opening of EBP Store at Bengaluru
-Ashapura Intimates fashion Ltd.got Altina Entrepreneur Excellence Award 2016
-Ashapura Intimates F - Opening of EBO Store at Rajouri Garden, Delhi
-Ashapura Intimates F - Update regarding proposed Scheme of Amalgamation of Momai Apparels Limited with Ashapura Intimates Fas
-Ashapura Intimates F - Opening of EBO store at Chennai
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