Appointment of Whole time Director & KMP of the Company
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High Street Filatex Limited has undergone a sweeping change of control on June 26, 2025. New promoters Mr. Sandeep Agrawal and his wife Mrs. Anupriya Agrawal took control through an open offer, replacing the old promoter group which now holds zero equity. Along with the takeover, the board appointed Mr. Sandeep Agrawal as CEO and Mrs. Anupriya Agrawal as Whole Time Director for 5 years, with Mr. Jay Soni joining as Company Secretary. In the same meeting, two independent directors (Mr. Charan Singh and Mr. Sunil Kumar Bairwa) and one non-executive director (Mr. Dharmesh Saraiya) resigned. The company also announced a name change from High Street Filatex Limited to Tusen Limited, a registered office shift from Jaipur to Mumbai, and the appointment of M/s. N.D. Kapur & Co. as the new statutory auditor replacing the resigned M/s. R Sogani & Associates.
This is a significant event for shareholders: the company has effectively changed hands and is being rebranded, with the new promoter couple now running operations from Mumbai. While the promoter transition brings fresh leadership, the simultaneous exit of all three independent/non-executive directors and an auditor resignation may raise governance concerns. Shareholders should watch for the open offer details and the formal name change at the next AGM.