Board approves FCCB RTA, NRI/FPI limit hike, promoter reclassification
FILATFASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Filatex Fashions' board approved multiple items at its April 28, 2026 meeting: (1) increasing NRI/OCI investment limit from 10% to 24% and FPI limit to sectoral cap, subject to shareholder nod; (2) appointing Accurate Securities & Registry as RTA for a proposed Foreign Currency Convertible Bonds (FCCB) issuance; (3) reclassifying promoters Prashant Kumar Sethia and Rajkumar Sethia from Promoter to Public category, with stock exchanges' no-objection received; (4) convening an EGM on May 21, 2026 to seek shareholder approvals.
Mixed — higher FPI limits may improve stock liquidity; promoter reclassification and proposed FCCB issuance could lead to dilution; EGM on May 21 is the next trigger.