Filatex Fashions Limited has informed the Exchange regarding 'Intimation under Regulation 31A of the SEBI LODR relating to Reclassification of shareholders from Promoter category to Public category '.
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Filatex Fashions Limited has received shareholder approval to reclassify two individuals, Mr. Prashant Kumar Sethia and Mr. Rajkumar Sethia, from the Promoter and Promoter Group category to the Public category. This was approved at an Extraordinary General Meeting on May 21, 2026 with 97.42% votes in favour. Both BSE and NSE had granted no-objection letters for this reclassification in April 2026. Mr. Prashant Kumar Sethia holds 10,40,100 shares (0.012%) and Mr. Rajkumar Sethia holds 4,05,987 shares (0.004%). Together with their brother Mr. Prabhat Sethia (who remains a promoter), the family collectively holds 5.086% voting rights. The applicants confirmed they will not hold more than 10% voting rights, will not exercise control, and will not have board representation after reclassification.
This is a routine reclassification that removes certain family members from the promoter definition while they retain their shareholding. It may slightly reduce the reported promoter holding percentage in future shareholding patterns but does not involve actual share transfers. The company continues with its existing promoter structure.