Flair Writing Industries Limited's board of directors held a meeting on December 19, addressing significant corporate decisions and regulatory compliance matters. The meeting, which commenced at 4:00 PM and concluded at 4:20 PM, focused on two primary agenda items that impact the company's operational framework and governance standards.

Corporate Guarantee Approval for Step-Down Subsidiary

The board approved the issuance of a corporate guarantee for Flomaxe Stationery Private Limited, a step-down subsidiary of the company. This guarantee will facilitate credit facilities from banks and financial institutions, supporting the subsidiary's operational requirements.

Flomaxe Stationery Private Limited operates as a subsidiary of Flair Writing Equipments Private Limited (FWEPL), which is a wholly-owned subsidiary of Flair Writing Industries. FWEPL holds 51.00% of the paid-up equity share capital in Flomaxe Stationery Private Limited, establishing the step-down subsidiary relationship.

Regulatory Compliance Matter Addressed

The board also addressed correspondence from BSE Limited dated December 16, regarding a procedural delay in submitting related party transaction disclosures. The delay pertained to disclosures under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the half-year ended September 30.

The delay was procedural and unintentional, caused by technical errors that prevented the disclosure from being uploaded to BSE despite timely compliance with the National Stock Exchange of India. The matter was resolved on November 7, when the disclosure was successfully resubmitted.

Governance and Compliance Framework

The board recognized the importance of maintaining strict regulatory compliance standards. Several common directors serve on both company boards, including Mr. Vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod, and Mr. Sumit Rathod, ensuring oversight and governance alignment across the corporate structure.

The promoters have been informed of the compliance matter as advised by BSE Limited, and the company has reiterated its commitment to ensuring strict and timely regulatory compliance going forward. The board emphasized that the non-compliance was not willful and has advised enhanced attention to compliance requirements to prevent future occurrences.

Impact Assessment

Regarding the corporate guarantee, the board noted that there is currently no anticipated impact on the listed entity. The guarantee structure maintains arm's length principles and adheres to regulatory frameworks, supporting subsidiary operations while protecting shareholder interests. Flair Writing Industries continues to focus on strengthening its operational capabilities through strategic subsidiary support while maintaining robust governance standards.

Flair Writing Industries Limited , a prominent player in the writing instruments sector, has once again demonstrated its prowess in the export market. The company has been honored with the Prestigious Export Award in the Writing Instruments category by The Plastics Export Promotion Council, marking its seventh consecutive year of recognition for outstanding export performance.

Award Details

The accolade was bestowed upon Flair Writing Industries for its exceptional export performance during the years 2023-24 and 2024-25. This consistent recognition underscores the company's commitment to maintaining high standards in its export operations and its ability to compete effectively in the global market.

Export Contribution

Flair Writing Industries' export operations have become a significant contributor to its overall business. Here's a breakdown of the company's export performance:

The substantial 17.45% contribution of exports to the company's total revenue highlights the importance of international markets in Flair's business strategy. This diversification not only demonstrates the company's global appeal but also potentially provides a buffer against fluctuations in domestic demand.

Global Reach

Flair Writing Industries has established a robust international presence, with operations spanning over 115 countries. This extensive global network is supported by 68 international distributors, enabling the company to efficiently reach diverse markets and maintain its competitive edge in the writing instruments industry.

The company's ability to consistently win the Export Excellence Award for seven years running is a testament to its sustained quality, innovation, and market adaptability. As Flair Writing Industries continues to strengthen its position in the global market, it sets a benchmark for other Indian manufacturers aiming to make their mark on the international stage.

This achievement not only boosts Flair's reputation but also contributes to India's growing presence in the global writing instruments market, showcasing the country's manufacturing capabilities and export potential in this sector.