Filatex Fashions Limited has announced significant corporate changes following a board meeting held on September 8, 2025. The company, known for its presence in the fashion industry, disclosed key management shifts and new appointments that are set to shape its governance structure.

CFO Resignation

Ms. Yash Sethia has stepped down from her position as Chief Financial Officer (CFO) of Filatex Fashions, effective August 29, 2025. In her resignation letter, Ms. Sethia cited personal commitments and pre-occupations as the reasons for her departure. She emphasized that there were no other material reasons behind her decision to leave the company.

The outgoing CFO expressed gratitude for the opportunities provided during her tenure and committed to ensuring a smooth transition of responsibilities. As part of the resignation process, Ms. Sethia requested the removal of her name as an authorized signatory from all bank accounts and financial instruments of the company with immediate effect.

New Auditor Appointments

In a move to strengthen its financial oversight, Filatex Fashions has made two significant appointments:

1. Internal Auditors: M/s. Kandula & Associates, a Hyderabad-based chartered accountancy firm, has been appointed as the Internal Auditors for the fiscal year 2025-26. The firm brings over 25 years of experience in audit and taxation services.

2. Secretarial Auditors: M/s. Akhilesh Singh & Associates, a Kanpur-based company secretary firm, has been appointed as Secretarial Auditors for a five-year term from FY 2025-26 to 2029-30, subject to shareholder approval. The firm has more than a decade of experience in secretarial and advisory services.

Additional Board Approvals

The board meeting also saw the approval of the 31st Director's Report for the financial year 2024-25 and the notice for convening the 31st Annual General Meeting (AGM) for the same fiscal year.

These corporate changes reflect Filatex Fashions' commitment to maintaining strong governance practices and adapting to evolving business needs. Shareholders and market observers will likely be watching closely to see how these changes impact the company's financial management and reporting in the coming years.

The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about these developments, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Filatex Fashions Limited, a Hyderabad-based textile company, has reported a strong performance for the first quarter, with significant growth in standalone revenue and profitability.

Standalone Performance Highlights

• Total income from operations surged by 197.6% to ₹903.74 lakhs, compared to ₹303.64 lakhs in the same quarter last year.
• Net profit before tax increased by 1096.2% to ₹15.91 lakhs from ₹1.33 lakhs year-over-year.
• Net profit after tax rose by 17.9% to ₹11.84 lakhs.
• Earnings per share improved from ₹0.22 to ₹0.26.

Consolidated Performance

• Consolidated revenue grew by 73.9% to ₹4,626.77 lakhs.
• However, profitability on a consolidated basis declined:
  • Net profit before tax decreased by 22.1% to ₹168.95 lakhs.
  • Net profit after tax fell by 18.9% to ₹141.23 lakhs.

Financial Results Overview

The Board of Directors approved these unaudited results on August 12, 2025. The company's performance demonstrates strong growth in its standalone operations, particularly in revenue generation and profitability. However, the consolidated results show a mixed picture with robust revenue growth but a decline in profitability.

Filatex Fashions Limited's ability to significantly increase its standalone revenue and profitability in a challenging market environment is noteworthy. However, the decline in consolidated profitability may warrant attention from management and investors alike. As the textile industry continues to evolve, Filatex Fashions' performance in the coming quarters will be closely watched by market observers.