Announced Tue, 28 Apr · 12:28 IST
Board approves FCCB issuance, FPI limit hike, promoter reclassification
Ownership Changes View source PDF
FILATFASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.9%1-day move
₹0.29
prior close
₹0.28
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-6.9-10.3-13.8-17.2-13.8-6.9-17.2-17.2-31.0—
Up moveDown movePending
AI summary
Filatex Fashions board approved raising NRI/OCI investment limit from 10% to 24% and FPI limit to the sectoral cap, subject to shareholder approval. It also appointed Accurate Securities & Registry as RTA for a proposed Foreign Currency Convertible Bonds (FCCBs) issuance. Two individuals, Prashant Kumar Sethia and Rajkumar Sethia, will be reclassified from promoter to public category. An EGM is scheduled for May 21, 2026 to seek member approvals.
Likely market impact
Potential equity dilution from FCCBs; higher FPI cap may attract foreign investors; two promoters moving to public category reduces promoter group size.