Ashapura Intimates Fashion Limited announced at the AGM held on September 26, 2014, it has approved the appointment of Mr. Ramakant Madhav Nayak as an independent non-executive director of the company to hold office for consecutive years for a term up to September 25, 2019.

The company also declared final dividend of INR 0.75 (7.5% of face value of INR 10) per equity share on the equity paid up of the company as recommended by the board be and is hereby declared.