Appointment of Mr. Manish Jhanwar (DIN: 05312225) as an Additional Director in the capacity of a Non-Executive & Independent Director of the Company who shall hold office for a period of ....
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The board approved unaudited standalone Q1 FY26 results showing a net loss of Rs. 11.06 lakhs, against a small profit of Rs. 0.19 lakhs in Q1 FY25. The company also approved voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE), while continuing to remain listed on BSE. Mr. Manish Jhanwar (DIN: 05312225), a Chartered Accountant with 12+ years of audit experience, has been appointed as a Non-Executive & Independent Director for five years effective August 13, 2025, subject to shareholder approval. Mrs. Aishwarya Sethia resigned from her roles as Director and Chief Financial Officer citing personal reasons, and Mrs. Hetal Waglekar (22+ years in finance leadership) has been appointed as the new CFO. Additionally, the company approved changing its name from 'High Street Filatex Limited' to 'Tusaldah Limited', subject to shareholder approval.
The Q1 results show a widening loss, but the company is simplifying its listing footprint by exiting CSE while staying on BSE. The CFO exit and replacement, along with the name change, suggest a strategic restructuring that investors should monitor for improved financial performance going forward.