Announcement Under Regulations 30 (LODR) Updates
FILATFASH · price
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Filatex Fashions Ltd has submitted revised resignation letters for three Independent Directors who stepped down on 06.05.2025. The directors are Dr. Mukesh Arora (DIN: 01677668), Dr. Riyaz M K Khan (DIN: 02146810), and Rakesh Sharma (DIN: 10776961). All three cited 'increased personal commitments' as the reason for resignation and confirmed there is no other material reason. This filing is a follow-up to the company's earlier disclosure dated 06.05.2025, with the revised letters shared with BSE on 20.05.2025.
The simultaneous exit of three Independent Directors may raise governance concerns for shareholders, as the company may now need to appoint new independent directors to comply with SEBI's board composition requirements. This could temporarily affect board independence and committee functioning.