High Street Filatex Limited , a company engaged in manufacturing and trading of socks, yarn, and commodities, has reported a net loss of Rs 11.06 lakhs for the quarter ended June 30, 2025. The company's board meeting on August 13, 2025, revealed significant corporate changes alongside the financial results.

Financial Performance

The company's financial results for Q1 FY2026 show:

High Street Filatex reported zero revenue from operations and no other income for the quarter. The total expenses amounted to Rs 11.06 lakhs, resulting in a net loss of the same amount.

Corporate Restructuring and Governance Changes

The board meeting resulted in several key decisions:

1. Voluntary Delisting: The company approved voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE), while maintaining its listing on the BSE Limited.

2. Board Appointment: Mr. Manish Jhanwar (DIN: 05312225) has been appointed as an Additional Director in the capacity of a Non-Executive & Independent Director for a five-year term, subject to shareholder approval.

3. Management Changes:

   • Mrs. Aishwarya Sethia (DIN: 02979618) has resigned from her positions as Director and Chief Financial Officer due to personal reasons.
   • Mrs. Hetal Waglekar has been appointed as the new Chief Financial Officer. She brings over 22 years of experience in Accounts and Finance to the role.

4. Auditor Appointment: M/s. Krishna Rathi & Associates, Company Secretaries, have been appointed as Secretarial Auditors for the Financial Year 2025-26.

Proposed Name Change

In a significant move, the board has approved a proposal to change the company's name from "High Street Filatex Limited" to "Tusaldah Limited". This change is subject to regulatory approvals and shareholder consent.

Conclusion

These developments mark a period of significant transition for High Street Filatex Limited. While the company faces financial challenges as evidenced by the Q1 loss, the management is taking steps to restructure and potentially reposition the company for future growth. Shareholders and market observers will be keenly watching how these changes impact the company's performance in the coming quarters.

High Street Filatex Limited, a textile company based in Jaipur, has announced a significant board meeting scheduled for August 13, 2025. The meeting agenda includes two key items that could impact the company's financial reporting and stock market presence.

Financial Results Review

The board will convene to consider and approve the unaudited standalone financial results for the quarter ended June 30, 2025. This quarterly review is a standard practice for publicly traded companies and provides investors with insights into the company's financial performance.

Potential Delisting from Calcutta Stock Exchange

In a notable development, High Street Filatex is set to discuss the voluntary delisting of its equity shares from the Calcutta Stock Exchange Ltd. (CSE). The company intends to maintain its listing on BSE Limited, which offers a nationwide trading platform. This move, if approved, could streamline the company's stock market presence while potentially reducing compliance costs associated with multiple listings.

Trading Window Closure

In line with regulatory requirements and to prevent insider trading, High Street Filatex has implemented a trading window closure for designated persons. This restriction will remain in effect until 48 hours after the announcement of the quarterly financial results, ensuring fair disclosure practices.

Additional Details

The company's board meeting notification, filed under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides further context:

• The meeting is scheduled for Wednesday, August 13, 2025.
• The potential delisting from CSE would be considered under the provisions of the SEBI (Delisting of Equity Shares) Regulations, 2021.
• High Street Filatex Limited is registered at B-17, IInd Floor, 22 Godam Industrial Area, Jaipur-302006, India.
• The company's BSE scrip code is 531301, while its CSE scrip code is 031175.

Investors and market participants will be keenly watching the outcomes of this board meeting, particularly the Q1 financial results and the decision regarding the potential delisting from the Calcutta Stock Exchange. The company's commitment to remaining listed on BSE Limited suggests a strategic focus on maintaining visibility in India's primary stock market while potentially simplifying its listing structure.