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 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

Financial Implications

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

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.