As Per Attachment
FILATFASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Filatex Fashions Ltd has received penalty notices from both NSE and BSE dated May 14, 2026. The exchanges have imposed a fine of Rs. 3,20,000 each (totaling Rs. 6,40,000) plus applicable GST of Rs. 57,600 per exchange, aggregating to Rs. 3,77,600 per exchange. The penalty is for alleged non-compliance with Regulation 31A(3)(a) of the SEBI Listing Regulations, specifically related to reclassification of promoter/promoter group entity. The company states it is examining the notices and will take appropriate steps, with the matter to be placed before the Board of Directors in the ensuing meeting.
The financial impact is limited to the monetary fine of Rs. 7,55,200 (including GST) across both exchanges. While the amount is not material relative to most listed companies, the penalty highlights regulatory compliance issues regarding promoter reclassification that could attract investor scrutiny.