Filatex Fashions Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 21, 2026. Further, the company has informed the Exchange regarding voting results.
FILATFASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Filatex Fashions Limited held an Extraordinary General Meeting on May 21, 2026, where shareholders voted on 5 resolutions. All resolutions were passed with overwhelming majority (over 97% in favor for each). Key resolutions included: (1) Approval to raise funds via Foreign Currency Convertible Bonds (FCCBs), (2) Increase in authorized share capital and amendment to Memorandum of Association, (3) Approval for loans, guarantees, and investments under Section 186(2) of Companies Act, (4) Increase in investment limits for Foreign Portfolio Investors (FPIs) and NRIs/OCIs, and (5) Reclassification of certain promoters to public category. Total voting turnout was about 13.2% of outstanding shares. The meeting was conducted via video conferencing with 1 promoter and 49 public shareholders attending.
The approval of FCCB issuance signals the company may be planning to raise foreign capital, which could dilute existing shareholders. The increase in FPI/NRI investment limits and promoter reclassification suggest efforts to broaden the shareholder base and potentially attract more foreign institutional investment.