We wish to inform that the Board of Directors of Filatex Fashions Limited at its meeting held today i.e., Friday, May 29, 2026 has inter-alia considered and approved/noted the transactions ....
FILATFASH · price
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The Board of Directors approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue declined to Rs 11,219.33 Lakhs from Rs 17,848.18 Lakhs in FY2025 (37% decline), while PAT fell to Rs 280.49 Lakhs from Rs 937.33 Lakhs (70% decline). Consolidated PAT was Rs 283.21 Lakhs vs Rs 941.95 Lakhs in the previous year. The board also noted fines imposed by BSE and NSE for non-compliance with listing regulations, and a conciliation report under the ODR mechanism. All board committees were reconstituted following the resignation of Mr. Dhruv Rameshbhai Chauhan, with Ms. Sonali Sandeep Joshi appointed to leadership roles. Auditors issued an unmodified opinion but raised emphasis of matter items regarding long outstanding trade receivables without provisions, non-compliance with Ind AS 19 for gratuity/leave encashment, and lack of audit trail in accounting software.
The company experienced a sharp revenue and profit decline in FY2026. Regulatory fines and auditor emphasis items regarding receivables and accounting controls signal governance concerns that could negatively impact investor confidence.