Prabhat Sethia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
FILATFASH · price
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Prabhat Sethia, Managing Director and Promoter of Filatex Fashions Limited, has filed a disclosure confirming that the promoter group holds 425,176,338 shares (along with PACs) as of March 31, 2026. The promoter group states they did not create any new encumbrances on their shares during the financial year ended March 31, 2026. However, the filing also confirms that all 425,176,338 shares held by the promoters are already encumbered or pledged as of March 31, 2026. The disclosure was also sent to the company's Audit Committee.
The disclosure reveals that promoters have pledged their entire shareholding, which is a risk signal for minority shareholders as pledged shares can be sold in case of margin calls, potentially affecting stock price volatility.