MSL Global Limited Reduces Stake in Filatex Fashions Through Open Market Sale

Filatex Fashions Limited has seen a significant reduction in stake by MSL Global Limited, formerly known as Madhusudan Securities Limited, through open market transactions. MSL Global Limited sold 19.50 crore shares, resulting in a decrease in its shareholding from 6% to 3.66%.

Transaction Details

Aspect	Details
Seller	MSL Global Limited
Company	Filatex Fashions Limited
Shares Sold	19.50 crore
Mode of Sale	Open Market Transactions
Initial Shareholding	6%
Final Shareholding	3.66%

Financial Implications

The transaction involved shares worth approximately Rs. 30.50 crores, based on Filatex Fashions' total equity capital.

Financial Aspect	Details
Total Equity Capital	Rs. 833.40 crores
Share Face Value	Rs. 1 each
Total Number of Shares	833,40,72,725

This significant reduction in MSL Global Limited's stake in Filatex Fashions may impact the stock's trading patterns and investor sentiment. However, the reasons behind this substantial sell-off and its broader implications for both companies have not been disclosed in the available information.

Investors and market analysts may want to monitor any further developments or statements from either company regarding this transaction. It's worth noting that large-scale sell-offs can sometimes indicate a shift in investment strategy or a change in the selling company's assessment of the stock's future prospects.

As always, investors are advised to conduct their own research and consider multiple factors before making any investment decisions based on this corporate action.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+6.90%	-26.19%	-51.56%	-56.94%	-88.03%

Filatex Fashions Limited has issued a comprehensive postal ballot notice seeking shareholder approval for multiple key appointments and regularizations, following the recent board restructuring announced in early December.

Postal Ballot Details and Timeline

The company has scheduled e-voting for shareholders from December 18, 2025, at 9:00 AM (IST) to January 16, 2026, at 5:00 PM (IST). The postal ballot notice, dated December 17, 2025, has been sent to all members who have registered their email addresses with depositories or the Registrar and Transfer Agent.

Parameter:	Details
Cut-off Date:	December 12, 2025
E-voting Start:	December 18, 2025, 9:00 AM
E-voting End:	January 16, 2026, 5:00 PM
Results Declaration:	By January 18, 2026, 5:00 PM
Scrutinizer:	Mr. Sachin Singh (ACS No.: 67686)

Key Appointments Requiring Approval

The postal ballot seeks shareholder approval for five critical resolutions:

Auditor Appointments

Statutory Auditor: M/s. KPSJ ASSOCIATES LLP, Chartered Accountants (FRN: 124845W) will replace M/s. Pundarikashyam and Associates, who resigned due to internal resource reallocation. The new auditors will serve until the 32nd Annual General Meeting.

Secretarial Auditor: M/s. Sachin Singh & Associates, Practicing Company Secretary (ACS NO.: 67686, CP NO.: 28269) will fill the casual vacancy created by the resignation of M/s. Akhilesh Singh & Associates.

Director Regularizations and Appointments

The company seeks approval for regularizing two independent directors who were appointed as additional directors:

Director:	Position	Term
Mr. Dhruv Rameshbhai Chauhan (DIN: 10648602):	Non-Executive Independent Director	5 years (Dec 3, 2025 - Dec 2, 2030)
Ms. Sonali Sandeep Joshi (DIN: 10648603):	Non-Executive Independent Director	5 years (Dec 3, 2025 - Dec 2, 2030)
Ms. Sanju (DIN: 10648601):	Whole Time Director	5 years (Dec 3, 2025 - Dec 2, 2030)

Board Committee Restructuring Context

These appointments follow the comprehensive board restructuring announced on December 3, 2025, which included the reconstitution of all board committees:

Committee:	Chairperson	Members
Audit Committee:	Mr. Dhruv Rameshbhai Chauhan	Mr. Nageshwara Rao Chitirala, Ms. Hemalatha Ayepu
Nomination & Remuneration:	Mr. Nageshwara Rao Chitirala	Mr. Dhruv Rameshbhai Chauhan, Ms. Hemalatha Ayepu
Stakeholders Relationship:	Mr. Nageshwara Rao Chitirala	Mr. Dhruv Rameshbhai Chauhan, Ms. Hemalatha Ayepu
CSR Committee:	Mr. Nageshwara Rao Chitirala	Mr. Dhruv Rameshbhai Chauhan, Ms. Hemalatha Ayepu

Financial Position

The company's latest financial metrics provide context for these governance changes:

Financial Metric:	Value (₹ crore)	YoY Change
Total Assets:	2,444.30	+0.24%
Total Equity:	2,311.70	+0.41%
Current Assets:	197.70	+5.22%
Current Liabilities:	84.20	-2.09%

Voting Process and Compliance

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process. In compliance with MCA circulars, no hard copies of postal ballot forms will be sent to members, with all communication taking place through electronic voting only.

Shareholders can access the complete postal ballot notice on the company's website at www.filatexfashions.co.in and on stock exchange websites. The results will be declared and communicated to BSE Limited and NSE Limited, where the company's shares are listed, within two working days of the e-voting conclusion.