FILATFASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Filatex Fashions Ltd shareholders approved the reclassification of two promoters, Mr. Prashant Kumar Sethia and Mr. Rajkumar Sethia, from the 'Promoter and Promoter Group' category to 'Public' category at an EGM held on May 21, 2026. The two individuals held only 0.016% of total shares combined (10,40,100 and 4,05,987 shares respectively). They are brothers of Managing Director Mr. Prabhat Sethia, who remains a promoter with 5.07% stake. The reclassification was approved with 97.42% votes in favour, and both BSE and NSE had earlier provided no-objection letters. The reclassified promoters confirmed they do not hold more than 10% voting rights, exercise no control, and are not represented on the board.
The reclassification reduces the official promoter group holdings slightly, though the impact is minimal as the two reclassified individuals held only 0.016% of shares. This is an administrative change with limited direct impact on stock price.