Filatex Fashions has accepted the resignation of Ayepu Hemalatha as Independent Director, effective August 05, 2026. The change in board composition stems from Ms. Hemalatha’s decision to step down due to other professional commitments and time constraints, a move that reduces the number of independent directors on the company’s Board. This development requires shareholders and investors to monitor subsequent filings for any appointment of a replacement to maintain regulatory compliance with SEBI listing norms.

The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which mandates detailed disclosures regarding director resignations. The company submitted the necessary details to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 05, 2026.

Ms. Hemalatha, who holds DIN 10616324, tendered her resignation vide letter dated August 05, 2026. In her resignation letter, she explicitly stated that she is resigning from the post of Non-Executive - Independent Director due to professional constraints. She further confirmed that there are no other material reasons for her resignation beyond those mentioned in her letter. The Managing Director & CFO, Prabhat Sethia (DIN: 00699415), formally accepted the resignation on behalf of the Board.

Resignation Details

The following table outlines the key details of the resignation as disclosed in the regulatory filing:

Ms. Hemalatha confirmed that she does not hold any directorships in other listed entities at the time of her resignation. The company has been instructed to file the necessary forms with the Registrar of Companies and other regulatory authorities as applicable. The resignation takes immediate effect from the date of acceptance, altering the governance structure until a successor is appointed.

Filatex Fashions Ltd has reconstituted its board and key committees following the appointment of a new Company Secretary and an Independent Director, alongside the resignation of three directors. The Board approved these changes at its meeting held on July 17, 2026, to ensure continued governance and compliance.

The Board appointed Mr. Harimohan Namdev as the Whole Time Company Secretary & Compliance Officer and Key Managerial Personnel effective July 17, 2026. Additionally, Ms. Suthar Smitaben Bhaveshbhai was appointed as an Additional Non-Executive Independent Director for a term of five years, subject to shareholder approval.

Simultaneously, the Board accepted the resignations of Mr. Nageshwara Rao Chitirala and Ms. Sonali Sandeep Joshi from their positions as Independent Directors, and Ms. Sanju from the position of Whole Time Director. All resignations are effective July 17, 2026, due to personal and unavoidable circumstances.

Pursuant to these changes, the Board approved the reconstitution of several committees. Ms. Suthar Smitaben Bhaveshbhai was appointed as the Chairperson of the Audit Committee, while Mr. Pratik Bharatbhai Panchal was inducted as a member. Mr. Pratik Bharatbhai Panchal was appointed Chairperson of the Nomination & Remuneration Committee, with Ms. Suthar Smitaben Bhaveshbhai as a member.

The Stakeholders Relationship Committee and the Corporate Social Responsibility Committee were also reconstituted, with Mr. Pratik Bharatbhai Panchal serving as Chairperson for both. The Independent Directors' Committee was restructured with Ms. Hemalatha Ayepu as Chairperson and Mr. Pratik Bharatbhai Panchal and Ms. Suthar Smitaben Bhaveshbhai as members.

Reconstituted Committee Composition