Filatex Fashions Limited , a prominent player in the textile industry, has taken steps to modify its shareholder structure. The company has submitted applications to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for the reclassification of three promoter group shareholders to the public shareholder category.

Reclassification Details

The company is seeking to reclassify the following individuals from the promoter group category to public shareholders:

Collectively, these three outgoing promoter group members hold 22,77,437 shares, representing approximately 0.03% of the company's total shareholding.

Regulatory Compliance

This move is in compliance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Filatex Fashions has submitted the necessary applications to both stock exchanges on November 14, seeking approval for this reclassification.

Additional Information

The LODR data also reveals that a fourth individual, Mrs. Shailaja Katar, holding 100 shares (0.00% shareholding), is part of the reclassification request. This brings the total number of shares involved in the reclassification to 22,77,537, maintaining the overall 0.03% shareholding percentage.

It's important to note that this reclassification, if approved, will not result in any significant change in the overall promoter shareholding of the company, given the minimal percentage of shares involved.

Investors and market participants are advised to monitor further announcements from the company regarding the approval status of this reclassification request by the stock exchanges.

Filatex Fashions Limited, a prominent player in the fashion industry, has announced the simultaneous resignation of both its statutory and secretarial auditors, effective November 13, 2025. This unexpected development has raised eyebrows in corporate governance circles.

Statutory Auditor Resignation

M/s Pundarikashyam and Associates, the statutory auditors of Filatex Fashions Limited, have tendered their resignation citing internal reasons. In their resignation letter, the firm stated:

"Due to internal reallocation of audit resources and strategic priorities within our firm, we are constrained to discontinue certain audit engagements."

The statutory auditors confirmed that they have completed their responsibilities up to the most recent quarter:

• Issued the limited review report for the quarter ended September 30, 2025, on November 11, 2025
• Completed the audit for the financial year 2024-25 and issued the report

Secretarial Auditor Resignation

Simultaneously, M/s Akhilesh Singh Associates, the secretarial auditors, have also stepped down from their role. Their resignation letter cited:

"We hereby tender our resignation as the Secretarial Auditor of Filatex Fashions Limited due to pre-occupation in other professional activities."

Key Details of the Resignations

Impact and Assurances

Both auditing firms have assured that there are no material concerns or reasons for their resignations other than those stated. Filatex Fashions Limited has confirmed that no material issues were raised by either auditor during their tenure.

The company will now need to appoint new statutory and secretarial auditors to ensure compliance with regulatory requirements. This process will be closely watched by shareholders and regulatory bodies alike.

Looking Ahead

While the simultaneous resignation of both auditors is unusual, it's important to note that both firms have cited internal reasons rather than any issues with the company's financial statements or corporate governance practices. Filatex Fashions Limited will need to act swiftly to appoint new auditors to maintain transparency and regulatory compliance.

Investors and stakeholders will be keenly watching how the company handles this transition and whether it impacts the timely filing of financial reports and regulatory disclosures in the coming months.