Filatex Fashions held its Extraordinary General Meeting (EGM) on Thursday, May 21, 2026, via video conferencing to seek shareholder approval for the reclassification of certain members of the promoter group to the public category and other key business items. The meeting, chaired by Managing Director & CFO Prabhat Sethia, approved the reclassification of Mr. Prashant Kumar Sethia and Mr. Rajkumar Sethia. The applicants are brothers of Mr. Prabhat Sethia, who continues to be a promoter of the company. This change will be reflected in the shareholding pattern filed with the stock exchanges under Regulation 31 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resolutions Passed

The shareholders approved five specific business items during the meeting. The resolutions included both special and ordinary business, addressing capital structure, fundraising, and regulatory compliance. All resolutions were passed with the requisite majority.

Reclassification of Promoters

The reclassification was subject to no-objection letters received from BSE Limited and National Stock Exchange of India Limited, both dated April 09, 2026. The applicants confirmed they do not hold more than 10% of the total voting rights, do not exercise control over the company, and are neither wilful defaulters nor fugitive economic offenders. They also confirmed they are not represented on the Board of Directors and do not act as Key Managerial Personnel.

Voting Results

The remote e-voting facility was available from May 18, 2026, to May 20, 2026. For the resolution to reclassify the promoters, the Promoter and Promoter Group were considered interested parties. Consequently, 402,155,574 votes cast by them were treated as invalid. Despite this, the resolution was passed with 97.42% of valid votes in favour. The company stated that it would upload the detailed voting results to the website of Central Depositories Services (India) Limited.

Independent Director Dhruv Rameshbhai Chauhan has resigned from Filatex Fashions Limited effective May 23, 2026. The resignation was submitted via a letter dated the same day, citing other professional commitments and time constraints as the reason. The departure was intimated to BSE Limited and National Stock Exchange Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Chauhan held the position of Non-Executive - Independent Director. In his disclosure, he confirmed that there are no material reasons for his resignation other than those cited in his letter. The company acknowledged the resignation and stated that necessary forms will be filed with the Registrar of Companies and other regulatory authorities.