Filatex Fashions Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

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AI summary

Filatex Fashions Limited's shareholders at an Extra-Ordinary General Meeting on May 21, 2026 approved increasing the company's Authorised Share Capital from Rs. 850 crore to Rs. 1,000 crore. The increase was achieved by creating an additional 150 crore equity shares of Rs. 1 each, bringing the total authorized shares to 1,000 crore. As a result, Clause V of the company's Memorandum of Association has been altered to reflect this change. This is a routine corporate action to expand the company's capital structure capacity.

Likely market impact

This authorized capital increase does not immediately dilute existing shareholders as no new shares have been issued yet. However, it provides the company flexibility to raise capital through future equity issuances, which could potentially dilute holdings if executed.