FILATFASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Filatex Fashions Limited held an Extraordinary General Meeting on May 21, 2026, where shareholders approved all 5 resolutions. The meeting was conducted via video conferencing with 50 shareholders participating. All resolutions passed with overwhelming majority (97-100% in favor). Key approvals include: (1) issuance of Foreign Currency Convertible Bonds (FCCBs) for fund raising, (2) increase in authorized share capital with amendment to Memorandum of Association, (3) approval for loans, guarantees, securities and investments under Section 186(2) of Companies Act, (4) increase in investment limits for Foreign Portfolio Investors and NRIs/OCIs, and (5) reclassification of certain persons from Promoter group to Public category. Total paid-up capital is approximately 833.4 million shares held by 433,838 shareholders as of record date May 14, 2026.
All resolutions passed with strong shareholder support. The FCCB issuance and authorized capital increase signal potential future equity dilution. The promoter reclassification indicates some promoter group members may exit or reduce their stake, which could increase public shareholding. The expanded investment limits for FPIs and NRIs suggest the company is positioning itself to attract more foreign capital.