Filatex Fashions Limited , a prominent player in the textile industry, has announced its financial results for the quarter ended September 30, 2025, along with significant corporate developments that signal changes in the company's leadership and shareholding structure.

Financial Performance

For the quarter ended September 30, 2025, Filatex Fashions reported:

The company's revenue from operations for the half-year ended September 30, 2025, stood at Rs. 6,845.24 lakhs, with a net profit of Rs. 245.20 lakhs.

Appointment of New CFO

Filatex Fashions has appointed Mr. Prabhat Sethia as the Chief Financial Officer, effective November 11, 2025. Mr. Sethia brings over 34 years of experience in the spinning industry to his new role. A Commerce Graduate from Kolkata, Mr. Sethia has been instrumental in guiding the company's growth strategy and enhancing its technical capabilities.

Corporate Governance and Shareholding Updates

The Board of Directors has approved a change in the company's shareholding structure:

1. Reclassification of certain shareholders from Promoter/Promoter Group to Public Shareholder status has been initiated, subject to stock exchange and shareholder approvals.
2. The reclassification involves promoters who will not hold more than 10% equity, exercise control over company affairs, or be represented on the Board of Directors.

Key Shareholders Seeking Reclassification

The Board has confirmed that the company will remain compliant with the minimum public shareholding requirements post-reclassification.

Auditor's Review

Pundarikashyam and Associates, the company's statutory auditors, have conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

These changes in Filatex Fashions' promoter holdings and leadership may be seen as steps towards enhancing corporate governance and preparing for future growth. Investors and market watchers will likely monitor how these changes impact the company's performance and market position in the coming quarters.

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.