Filatex Fashions Limited has informed the Exchange regarding 'imposition of fines by BSE Ltd. and NSE Ltd.'.
FILATFASH · price
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Filatex Fashions Limited has received penalty notices from both NSE and BSE dated May 14, 2026. The exchanges have levied a fine of Rs. 3,20,000 each (plus applicable GST totaling Rs. 3,77,600 per exchange) for alleged non-compliance with Regulation 31A(3)(a) of the SEBI Listing Regulations, specifically regarding delayed reclassification of a promoter/promoter group entity. The total combined penalty amounts to approximately Rs. 7.55 lakh. The company stated it is examining the notices and will take appropriate steps, with the matter to be placed before the Board of Directors in the upcoming board meeting.
The financial impact is relatively small (around Rs. 7.55 lakh total) and the company is contesting the non-compliance, suggesting limited direct shareholder risk, though it reflects governance gaps.