Filatex India Limited has informed the Exchange regarding 'Appointment of M/s Siddiqui & Associates, Practicing Company Secretary as Secretarial Auditor'.
FILATEX · price
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Filatex India reported Q1FY26 standalone revenue from operations of ₹1,049 crore, nearly flat versus ₹1,054 crore in Q1FY25. Profitability improved sharply: EBITDA grew about 28% YoY to ₹77.8 crore (from ₹60.9 crore) and net profit rose 26% YoY to ₹40.7 crore (from ₹32.3 crore). Sequentially versus Q4FY25, revenue dipped slightly but EBITDA ticked up. The board also approved re-appointments of three Managing Directors (Madhu Sudhan Bhageria, Purrshottam Bhaggeria, Madhav Bhageria) and two Independent Directors for five-year terms each, subject to shareholder approval. Additionally, M/s Siddiqui & Associates was appointed as Secretarial Auditor for five years starting FY2025-26, and two new object clauses covering Steam Power Distribution were added to the MoA. Statutory auditors issued an unmodified review opinion on both standalone and consolidated results.
Strong YoY growth in EBITDA and PAT despite flat revenue signals expanding operating margins, which is positive for shareholders. Continuity in management through director re-appointments provides stability, while the steam power addition could open a new growth vertical. Revenue softness on both sequential and YoY basis is the only minor concern.