Filatex Fashions fined ₹80,240 for non-compliance

Filatex Fashions Limited has disclosed that it received notices from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) dated May 20, 2026. The exchanges imposed a monetary penalty on the company for alleged non-compliance with Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which pertains to the appointment of a qualified Company Secretary as Compliance Officer.

The NSE and BSE levied a fine amounting to ₹34,000 each, along with applicable Goods and Services Tax (GST). The total penalty imposed by each exchange aggregates to ₹40,120. Consequently, the total financial impact on the company amounts to ₹80,240.

Details of the Violation

The action taken by the stock exchanges relates to an alleged delayed compliance with the requirements for appointing a qualified Company Secretary. The company acknowledged that the impact on its financials is limited to the fine imposed by the exchanges.

Particulars	Details
Authority	National Stock Exchange of India Limited and BSE Limited
Nature of Action	Imposition of monetary fine
Reason	Alleged non-compliance with Regulation 6(1) regarding Company Secretary appointment
Date of Receipt	May 20, 2026
Fine per Exchange	₹34,000 + GST
Total Amount per Exchange	₹40,120

Company Response

Filatex Fashions Limited stated that it is currently examining the notices received from the exchanges and shall take appropriate steps in the matter. The company further confirmed that the aforementioned issue will be placed before the Board of Directors in the ensuing Board Meeting to ensure compliance with the applicable provisions of SEBI Listing Regulations and relevant circulars.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-23.33%	-42.50%	-54.00%	-91.12%

Filatex Fashions Limited has disclosed, via an intimation filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has received penalty notices from both the National Stock Exchange of India Limited (NSE) and BSE Limited. The notices, dated May 14, 2026, pertain to alleged non-compliance with Regulation 31A(3)(a) of the SEBI Listing Regulations in relation to the reclassification of a promoter or promoter group entity. The disclosure was made on May 15, 2026, and signed by Prabhat Sethia, Managing Director & CFO of the company.

Penalty Details

Both NSE and BSE have independently imposed monetary fines on Filatex Fashions for the alleged regulatory lapse. The key details of the penalty, as disclosed under Schedule III to Regulation 30 of the SEBI Listing Regulations, are summarised below:

Parameter:	Details
Name of Authority:	National Stock Exchange of India Limited and BSE Limited
Nature of Action:	Imposition of monetary fine for alleged non-compliance with Regulation 31A(3)(a) of SEBI (LODR) Regulations, 2015
Date of Receipt of Notice:	May 14, 2026
Alleged Violation:	Alleged delay in relation to requirements for reclassification of promoter/promoter group entity
Fine per Exchange:	Rs. 3,20,000/- plus applicable GST
Total Amount per Exchange (incl. GST):	Rs. 3,77,600/-
Financial Impact:	Limited to the fine imposed by the Exchanges

Nature of the Alleged Non-Compliance

The penalty relates to Regulation 31A(3)(a) of the SEBI Listing Regulations, which governs the process and timelines for reclassification of promoters or promoter group entities in a listed company. According to the disclosure, the alleged contravention pertains to a delay in fulfilling the requirements associated with such reclassification. The company has not provided further specifics regarding the identity of the promoter or promoter group entity involved in the reclassification process.

Company's Response

Filatex Fashions has stated that it is currently examining the notices received from both exchanges and will take appropriate steps in the matter. In line with applicable provisions of the SEBI Listing Regulations and relevant circulars, the company has also indicated that the matter will be placed before its Board of Directors at the ensuing Board Meeting. The company confirmed that the financial impact is limited to the fines imposed by the exchanges, with no broader operational or financial disruption indicated at this stage.