Filatex India Limited has informed the Exchange regarding 'Re-appointment of directors'.
FILATEX · price
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Awaiting price reaction for this filing.
Filatex India reported Q1FY26 revenue of Rs. 1,049 Cr, nearly flat YoY (Rs. 1,054 Cr in Q1FY25), but net profit jumped ~26% YoY to Rs. 40.7 Cr from Rs. 32.3 Cr, driven by a strong ~28% YoY rise in EBITDA to Rs. 77.8 Cr, indicating clear margin expansion. Sequentially, results were largely stable with revenue down marginally and net profit almost unchanged from Q4FY25. On the governance side, the board re-appointed five directors for five-year terms, including Chairman & MD Madhu Sudhan Bhageria, Vice Chairman & MD Purrshottam Bhaggeria, and MD Madhav Bhageria, all related to each other, along with two independent directors. The company also expanded its objects clause to include steam power distribution and appointed a new secretarial auditor, all subject to shareholder approval at the upcoming AGM.
The sharp YoY growth in profits and EBITDA on a stable revenue base is a positive signal for shareholders, reflecting improving operating leverage. Re-appointment of three related promoter-family members as Managing Directors signals strong family control and management continuity, which investors should weigh against governance diversity.