Filatex fashions Limited has officially withdrawn its application for promoter reclassification under SEBI regulations, with two key promoters deciding to maintain their current status within the company structure.

Withdrawal of Reclassification Application

The company informed both BSE Limited and National Stock Exchange of India Limited on 04.04.2026 about the withdrawal of the reclassification application that was originally submitted on 14.11.2025. The application was filed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoters Maintaining Current Status

The reclassification application involved two promoters who were seeking to change their classification from "Promoter" to "Public" category. However, both individuals have decided to withdraw their requests and continue in their current roles.

Regulatory Communication

The withdrawal decision was communicated through formal letters dated 01.04.2026 from the promoters to the company. Filatex Fashions Limited subsequently notified the stock exchanges about this development, requesting them to update their records accordingly.

The communication was signed by Prabhat Sethia, Managing Director and CFO, and digitally authenticated on 04.04.2026. The company has requested both exchanges to take note of this withdrawal in their official records, ensuring proper documentation of the promoters' continued status within the organization.

Filatex Fashions Ltd. successfully concluded its Board of Directors meeting on April 3, 2026, approving several significant proposals for capital expansion and fundraising. The meeting, which was previously scheduled in compliance with Regulation 29 of SEBI regulations, resulted in multiple strategic decisions to strengthen the company's financial position.

Foreign Currency Convertible Bonds Approval

The board has approved raising funds through Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount not exceeding USD 100 million. The issuance will be conducted in one or more tranches, subject to member approval and regulatory clearances.

The proposed issuance will be undertaken in accordance with the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The board has also constituted an FCCB Committee to oversee and execute the proposed issuance.

Authorized Share Capital Increase

The board approved a significant increase in the company's authorized share capital to accommodate future growth requirements. The expansion reflects the company's strategic vision for scaling operations.

Investment and Lending Approvals

The board considered and approved proposals for providing loans, guarantees, securities, and investments up to ₹2,000 crores under Section 186 of the Companies Act, 2013. This approval exceeds the prescribed limits and requires shareholder approval through a Special Resolution in General Meeting.

Governance and Compliance Measures

The company has appointed Mr. Sachin Singh, Practicing Company Secretary (Membership No. 67686, CP No. 28269), as the Scrutinizer for the upcoming Extra-Ordinary General Meeting. The board meeting commenced at 2:15 PM IST and concluded at 4:15 PM IST.

The formal communication was signed by Prabhat Sethia, Managing Director (DIN: 00699415), and submitted to BSE Limited and National Stock Exchange of India Limited. All proposals are subject to necessary regulatory approvals and shareholder consent through appropriate resolutions.