Filatex Fashions Limited has informed the Exchange about Intimation of receipt of requests from the existing Promoters of the company forReclassification from Promoter and Promoter Group Category to the Public Category andapproval of the Board for reclassification under Regulations 30 & 31A of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015.
FILATFASH · price
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Filatex Fashions Limited has received requests from four individuals currently classified as promoters to be reclassified as public shareholders under SEBI Regulation 31A. The applicants are Prashant Kumar Sethia (10,40,100 shares), Raj Kumar Sethia (4,05,987 shares), Mahavir Golechha (8,31,350 shares), and Shailaja Katar (100 shares), together holding just 22,77,537 shares or about 0.025% of the company's equity. Each applicant has stated they are not involved in the company's management, hold no board position, and have no control over business decisions. The Board has approved the reclassification request, which will now be taken up at an upcoming board meeting before being sent to the stock exchanges.
This is a routine, low-impact reclassification involving very small shareholders (combined 0.025%). It is unlikely to materially affect shareholding structure, control, or stock price, as it only moves minor non-active holders from the promoter list to the public list.