Filatex Fashions Ltd has issued a clarification to stock exchanges regarding significant movement in its share price, stating that no undisclosed material information exists that could have influenced the recent price action.

Exchange Query Response

The textile company responded to a query from BSE Limited and National Stock Exchange of India Limited dated January 1, 2026, which sought clarification on the significant movement in price of the company's listed securities.

Company's Position

Filatex Fashions clarified that it has no material information or events not in the public domain that would require disclosure to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that such information, if it existed, would have a bearing on the volume and price movement of its scrip.

Market-Driven Movement

The company attributed the recent price and volume movements to market conditions, stating that the movement is purely market-driven. Filatex Fashions specifically mentioned that the company is not connected in any way with the price movement in its shares.

Regulatory Compliance

The response demonstrates the company's adherence to regulatory requirements under SEBI's listing obligations. When stock exchanges observe unusual price movements, they typically seek clarification from companies to ensure that all material information has been properly disclosed to the market. Filatex Fashions' response confirms its compliance with disclosure norms and transparency requirements.

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.

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:

Board Committee Restructuring Context

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

Financial Position

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

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.