🔍

Filatex Fashions Limited (FILATFASH)

₹0.18 +0.00% last close, 16 Oct

📊 NSE: FILATFASH 🏢 Textiles - Products 📢 Latest filing: 03 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Filatex Fashions' revenue was ₹20.0 Cr (-56.7% year on year, -12.9% on the previous quarter), and net profit ₹0.3 Cr (-78.4% year on year); the operating margin was 2.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹20.0	-56.7%	-12.9%
Operating profit	₹0.5	-80.5%	from loss
Net profit	₹0.3	-78.4%	-0.4%
EPS (₹)	0.00	-80.0%	—
Operating margin	2.3%	—	—

Full quarterly financials → Results calendar →

FILATFASH delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 67.59% of the FILATFASH shares traded on NSE were taken to delivery, against the stock's own 20-session average of 71.6%. That is close to its usual level. Turnover was only ₹33 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 16 sessions in about the last 20.

67.59%Delivery, 16 Oct

71.6%Own 20-session average

1.0×Volume vs its average

₹0.18NSE close · +0.00%

Delivery in the last 5 sessions: 62.3% · 99.7% · 52.6% · 57.7% · 67.6%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Filatex Fashions Appoints Rutvik Beladiya as Joint MD for 5 Years at AGM

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 03 Oct 2026, 06:58 PM

Filatex Fashions Limited reported outcomes from its 32nd Annual General Meeting held on September 30, 2026. Shareholders approved the change in designation of Mr. Rutvikbhai Mukeshbhai Beladiya to Joint Managing Director for a 5-year term. Additionally, M/s. KPSJ & Associates LLP was re-appointed as Statutory Auditors and M/s. Jigar Trivedi & Co was appointed as Secretarial Auditor, both for 5-year terms covering FY 2026-27 to FY 2030-31. Two Independent Directors, Mr. Pratik Bharatbhai Panchal and Ms. Smitaben Suthar, were also regularised for 5-year tenures.

Appointment of Mr. Rutvikbhai Mukeshbhai Beladiya as Joint MD approved for a term of 5 years effective September 30, 2026
M/s. KPSJ & Associates LLP re-appointed as Statutory Auditors for 5 consecutive financial years (FY 2026-27 to FY 2030-31)
M/s. Jigar Trivedi & Co appointed as Secretarial Auditor for 5 consecutive financial years (FY 2026-27 to FY 2030-31)
Shareholder regularisation of 2 Independent Directors (Mr. Pratik Bharatbhai Panchal and Ms. Smitaben Suthar) for 5-year terms

💡 Track subsequent quarterly financial performances and observe whether executive leadership shifts translate into operational turnaround for its core textile business.

Filatex Fashions Appoints Rutvik Beladiya as Joint MD for 5 Years at AGM

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 03 Oct 2026, 06:54 PM

Appointment of Mr. Rutvikbhai Mukeshbhai Beladiya as Joint MD approved for a term of 5 years effective September 30, 2026
M/s. KPSJ & Associates LLP re-appointed as Statutory Auditors for 5 consecutive financial years (FY 2026-27 to FY 2030-31)
M/s. Jigar Trivedi & Co appointed as Secretarial Auditor for 5 consecutive financial years (FY 2026-27 to FY 2030-31)
Shareholder regularisation of 2 Independent Directors (Mr. Pratik Bharatbhai Panchal and Ms. Smitaben Suthar) for 5-year terms

💡 Track subsequent quarterly financial performances and observe whether executive leadership shifts translate into operational turnaround for its core textile business.

Filatex Fashions Appoints Rutvik Beladiya as Joint MD for 5 Years at AGM

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 03 Oct 2026, 06:38 PM

Appointment of Mr. Rutvikbhai Mukeshbhai Beladiya as Joint MD approved for a term of 5 years effective September 30, 2026
M/s. KPSJ & Associates LLP re-appointed as Statutory Auditors for 5 consecutive financial years (FY 2026-27 to FY 2030-31)
M/s. Jigar Trivedi & Co appointed as Secretarial Auditor for 5 consecutive financial years (FY 2026-27 to FY 2030-31)
Shareholder regularisation of 2 Independent Directors (Mr. Pratik Bharatbhai Panchal and Ms. Smitaben Suthar) for 5-year terms

💡 Track subsequent quarterly financial performances and observe whether executive leadership shifts translate into operational turnaround for its core textile business.

Filatex Fashions Sets AGM for Sept 30, 2026; Book Closure from Sept 24 to Sept 30

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Sep 2026, 05:00 PM

Filatex Fashions Limited has announced its Annual General Meeting (AGM) will be held via video conferencing on September 30, 2026. The company's Register of Members and Share Transfer Books will remain closed from September 24, 2026 to September 30, 2026 (both days inclusive). The cut-off date to determine shareholder eligibility for remote e-voting is set as September 23, 2026. This is a procedural disclosure with no direct impact on current business operations or financials.

AGM scheduled for September 30, 2026 via Video Conferencing / OAVM
Book closure period fixed from September 24, 2026 to September 30, 2026
Remote e-voting cut-off date determined as September 23, 2026

💡 Shareholders wishing to participate in the AGM or vote remotely should ensure their holdings are settled by the September 23, 2026 cut-off date, and track the AGM agenda once the formal notice is released.

Filatex Fashions Appoints Rutvik Beladiya as Joint MD for 5 Years

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Sep 2026, 06:55 PM

Filatex Fashions has approved the redesignation of Mr. Rutvikbhai Mukeshbhai Beladiya as Joint Managing Director for a 5-year tenure effective September 30, 2026, subject to shareholder approval. The company also appointed M/s. Jigar Trivedi & Co as Secretarial Auditor for five consecutive years (FY 2026-27 to FY 2030-31). This leadership change comes as the company navigates subdued operating performance, with Q1 FY27 revenue at Rs 19.9974 crore and net profit at Rs 0.3087 crore. The appointments remain subject to standard member ratification at the ensuing Annual General Meeting.

Rutvik Beladiya redesignated to Joint Managing Director for a period of 5 years starting September 30, 2026
Secretarial auditor M/s. Jigar Trivedi & Co appointed for a 5-year term covering FY 2026-27 to FY 2030-31
Board approvals conducted in meeting dated September 08, 2026, and subject to shareholder voting at AGM
Current company context reflects Q1 FY27 revenue of Rs 19.9974 crore and TTM PAT of Rs 3 crore

💡 Track shareholder approval at the upcoming Annual General Meeting and monitor upcoming Q2 FY27 earnings for operational performance under expanded leadership.

Filatex Fashions Appoints Rutvik Beladiya as Joint MD and Jigar Trivedi as Secretarial Auditor

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Sep 2026, 06:50 PM

Filatex Fashions announced that its Board of Directors approved key governance and management changes effective September 30, 2026, subject to shareholder approval. Mr. Rutvikbhai Mukeshbhai Beladiya has been redesignated from Non-Executive Non-Independent Director to Joint Managing Director for a 5-year term. In addition, M/s. Jigar Trivedi & Co was appointed as Secretarial Auditor for a 5-year tenure covering FY 2026-27 to FY 2030-31. The leadership changes come at a time when the company operates at a modest TTM revenue of Rs 135 Cr and promoter holding stands at just 2.02%.

Redesignation of Rutvikbhai Mukeshbhai Beladiya as Joint Managing Director for a 5-year term starting September 30, 2026
Appointment of M/s. Jigar Trivedi & Co as Secretarial Auditor for 5 consecutive years (FY 2026-27 to 2030-31)
Both appointments are subject to shareholder approval at the ensuing Annual General Meeting

💡 Track voting outcomes at the upcoming Annual General Meeting for approval of these appointments, alongside subsequent quarterly performance to evaluate management's strategic execution.

Filatex Fashions Schedules 32nd AGM on September 30, 2026; Auditor Notes Missing Audit Trail

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Sep 2026, 07:39 PM

Filatex Fashions Limited has announced its 32nd Annual General Meeting (AGM) scheduled for September 30, 2026, via Video Conferencing. The cut-off date for electronic voting eligibility has been set for September 23, 2026, with remote e-voting taking place between September 27 and September 29, 2026. Key agenda items include adopting FY26 annual audited accounts, re-appointing M/s. KPSJ & Associates LLP as statutory auditors for 5 years, and regularizing an independent director. Notably, the statutory auditor reported that the company's accounting software lacked an audit trail (edit log) feature for FY26.

32nd AGM scheduled for September 30, 2026, at 04:00 PM IST via VC/OAVM
Shareholder e-voting cut-off date fixed as September 23, 2026
E-voting window opens September 27, 2026 (9:00 AM) and closes September 29, 2026 (5:00 PM)
Proposed reappointment of Statutory Auditors M/s. KPSJ & Associates LLP for 5 consecutive years (FY27 to FY31)
Auditor flagged accounting software lacked an audit trail (edit log) feature for the year ended March 31, 2026

💡 Track voting outcomes of the AGM resolutions on September 30, 2026, and observe whether the company upgrades its accounting software to implement statutory audit trail compliance.

Filatex Fashions Approves Seychelles Subsidiary, Notes Exchange Fines, Appoints Joint MD

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 08 Sep 2026, 07:29 PM

Filatex Fashions' board approved the incorporation of a Wholly Owned Subsidiary (WOS) in the Republic of Seychelles to target international and African markets, shifting from its previous UK plan. The board also noted fines imposed by BSE and NSE for non-compliance with Regulations 31, 13(3), and 27(2) of LODR and Regulation 76 of SEBI DP Regulations, which were attributed to RTA delays. Additionally, Rutvikbhai Mukeshbhai Beladiya was designated as Joint Managing Director for a 5-year term starting September 30, 2026, alongside convening the 32nd AGM for the same date.

Board approved incorporation of a Wholly Owned Subsidiary in the Republic of Seychelles for international operations
Noted exchange fines from BSE and NSE regarding non-compliance under LODR Regulations 31, 13(3), and 27(2)
Approved change in designation of Rutvikbhai Mukeshbhai Beladiya to Joint MD for a term of 5 years effective September 30, 2026
Fixed 32nd Annual General Meeting for September 30, 2026
Appointed M/s. Jigar Trivedi & Co as Secretarial Auditor for 5 consecutive years (FY 2026-27 to 2030-31)

💡 Track the upcoming AGM on September 30, 2026, for shareholder approval of the Joint MD and secretarial auditor appointments, as well as concrete capital outlay details for the Seychelles subsidiary.

BSE & NSE Impose Fine of ₹61,360 Each on Filatex Fashions for Delayed Governance Filing

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 01 Sep 2026, 01:38 PM

Filatex Fashions Limited has received notices from BSE and NSE dated August 25, 2026, imposing monetary fines for alleged non-compliance with Regulation 27(2) of SEBI Listing Regulations. The penalty pertains to the delayed submission of the quarterly Corporate Governance compliance report. Each exchange has levied a fine of ₹52,000 plus GST, aggregating to ₹61,360 each (total ₹1.23 lakh). The company noted that the financial impact is restricted to the fine amount and the matter will be placed before the Board of Directors.

BSE and NSE levied a fine of ₹52,000 plus GST (₹61,360 each) on the company.
Penalty relates to alleged non-compliance with Regulation 27(2) regarding timely submission of Corporate Governance report.
Notices received from the exchanges are dated August 25, 2026.
The matter will be reviewed and placed before the Board of Directors in the ensuing meeting.

💡 Track subsequent compliance filings and board meeting disclosures to ensure resolution of reporting delays.

BSE and NSE Impose ₹24,780 Fine Each on Filatex Fashions for Filing Delays

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 21 Aug 2026, 04:49 PM

Filatex Fashions Limited received notices from NSE and BSE on August 20, 2026, regarding the imposition of fines for delayed regulatory filings. The non-compliance relates to delayed submission of shareholder complaints under Regulation 13(3) of SEBI LODR and the Reconciliation of Share Capital Audit Report under Regulation 76 of SEBI DP Regulations. Both exchanges levied a fine of ₹21,000 plus GST, aggregating to ₹24,780 each (total ₹49,560). The company stated the financial impact is limited strictly to the fine and will place the matter before its Board.

Fine of ₹21,000 plus GST (aggregating to ₹24,780) imposed each by BSE and NSE.
Total aggregate penalty across both stock exchanges stands at ₹49,560.
Violations pertain to delays under SEBI LODR Regulation 13(3) and SEBI DP Regulation 76.
Notices from the exchanges were received on August 20, 2026.

💡 Track the upcoming Board meeting outcome to ensure internal compliance and reporting controls are addressed.

BSE and NSE Impose Fine of Rs 56,640 Each on Filatex Fashions for LODR Non-Compliance

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 15 Aug 2026, 12:17 PM

Filatex Fashions Limited received notices from BSE and NSE dated August 14, 2026, imposing monetary fines for alleged non-compliance with Regulation 31 of SEBI LODR Regulations. Both stock exchanges have levied a fine of Rs 48,000 plus GST, aggregating to Rs 56,640 each (totaling Rs 1,13,280). The violation relates to alleged delays in shareholding pattern submissions regarding promoter reclassification requirements. The company confirmed that the financial impact is limited strictly to the fine and will place the matter before its Board of Directors.

BSE and NSE each levied a fine of Rs 48,000 plus GST, amounting to Rs 56,640 per exchange (totaling Rs 1,13,280).
Notices were received on August 14, 2026, regarding Regulation 31 compliance.
Non-compliance relates to alleged delays concerning promoter or promoter group reclassification requirements.
Management noted financial impact is negligible and will table the issue in the upcoming Board meeting.

💡 Track subsequent exchange filings for confirmation of fine payment and resolution of promoter reclassification filings.

Q1 FY27 PAT Drops 78.4% YoY to ₹0.31 Cr; Revenue Falls 56.7% YoY to ₹20.00 Cr

🔴 NEGATIVE ⭐ 5/10

EARNINGS 📅 14 Aug 2026, 08:30 PM

Filatex Fashions reported a 56.7% YoY decline in consolidated revenue from operations to ₹19.9974 Cr (₹1,999.74 Lakhs) for the quarter ended June 30, 2026, compared to ₹46.22 Cr in Q1 FY26. Consolidated Net Profit declined 78.4% YoY to ₹0.31 Cr (₹30.87 Lakhs) from ₹1.43 Cr in the year-ago period. On a sequential basis, revenue fell 12.9% from ₹22.96 Cr in Q4 FY26, while PAT remained flat at ₹0.31 Cr. Furthermore, the company noted that no gratuity liability provision was created during the quarter as management is reassessing the liability.

Consolidated revenue from operations fell 56.7% YoY to ₹1,999.74 Lakhs from ₹4,622.46 Lakhs in Q1 FY26
Consolidated Net Profit dropped 78.4% YoY to ₹30.87 Lakhs versus ₹142.72 Lakhs in the prior-year period
Consolidated Profit Before Tax decreased 75.9% YoY to ₹41.26 Lakhs compared to ₹170.97 Lakhs in Q1 FY26
Company created zero provision towards gratuity liability for the quarter pending management reassessment

💡 Track whether sales volumes stabilize in coming quarters and monitor the eventual P&L impact once gratuity liabilities are quantified and accounted for.

Resignation of Independent Director Ms. Ayepu Hemalatha Effective August 05, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 05 Aug 2026, 06:18 PM

Ms. Ayepu Hemalatha has resigned from her position as a Non-Executive Independent Director of Filatex Fashions Limited effective August 05, 2026. The resignation is attributed to other professional commitments and time constraints, with no other material reasons cited. This change occurs in a company with a small market capitalization of ₹152 Cr and a notably low promoter holding of 4.8%. Investors should note that such board changes are routine but require the company to appoint a replacement to maintain regulatory compliance.

Resignation of Ms. Ayepu Hemalatha (DIN: 10616324) effective from August 05, 2026
Director confirmed no other material reasons for resignation beyond professional commitments
Company market capitalization stands at ₹152 Cr with a TTM revenue of ₹161 Cr
Promoter holding is currently low at 4.8% as per May 2026 data

💡 Monitor the company's upcoming filings for the appointment of a new Independent Director to ensure the board remains compliant with SEBI listing regulations.

Filatex Fashions: 3 Directors Resign; New CS and Independent Director Appointed

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 17 Jul 2026, 06:35 PM

Filatex Fashions announced a significant board overhaul on July 17, 2026, with the resignation of three directors, including Whole Time Director Ms. Sanju and two Independent Directors. The company immediately appointed Mr. Harimohan Namdev (18 years experience) as Company Secretary and Ms. Suthar Smitaben Bhaveshbhai as an Additional Independent Director. This restructuring led to the reconstitution of five key board committees, including the Audit and Nomination & Remuneration committees. These changes occur against a backdrop of low promoter holding, which stood at 4.85% as of May 2026, down from 19.06% in December 2025.

Resignation of 3 directors: Ms. Sanju (WTD), Mr. Nageshwara Rao Chitirala (ID), and Ms. Sonali Sandeep Joshi (ID) effective July 17, 2026.
Appointment of Mr. Harimohan Namdev as CS & Compliance Officer, bringing 18 years of post-qualification experience.
Appointment of Ms. Suthar Smitaben Bhaveshbhai as Additional Independent Director for a 5-year term.
Reconstitution of 5 board committees: Audit, NRC, SRC, CSR, and Independent Directors Committee.
Promoter holding remains low at 4.85% following a significant reduction from 19.06% in late 2025.

💡 Investors should monitor the stability of the new board and the effectiveness of the reconstituted Audit Committee, especially given the company's low promoter skin-in-the-game and thin 4.0% operating margins.

Board Overhaul: 3 Directors Resign, New CS and Independent Director Appointed

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 17 Jul 2026, 06:31 PM

Filatex Fashions announced a significant board restructuring on July 17, 2026, with the simultaneous resignation of two Independent Directors and one Whole Time Director. To maintain governance, the company appointed Ms. Suthar Smitaben Bhaveshbhai as an Additional Independent Director and Mr. Harimohan Namdev as the new Company Secretary. Consequently, five board committees, including the Audit Committee, were reconstituted. This turnover occurs against a backdrop of low promoter holding, which was 4.85% as of May 2026.

3 directors resigned effective July 17, 2026, including 1 Whole Time Director and 2 Independent Directors
1 new Additional Independent Director appointed for a 5-year term, subject to shareholder approval
New Company Secretary appointed with 18 years of post-qualification experience in corporate law
5 board committees reconstituted immediately to fill vacancies left by outgoing directors
Promoter holding has significantly decreased from 19.06% in December 2025 to 4.85% in May 2026

💡 Investors should monitor the stability of the newly formed board and watch for any further disclosures regarding the 'unavoidable circumstances' cited for the mass resignations.

View All FILATFASH Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company derives 100% of its revenue from socks manufacturing and allied products; however, specific INR revenue values for FY 2024-25 were not disclosed in the provided documents.

Geographic Revenue Split

Not disclosed in available documents, though the company notes performance depends on both National and Global Markets.

Profitability Margins

Operating Profit Margin improved to 8.35% in FY 2024-25 from 7.85% in FY 2023-24 (a 1.06% increase). Net Profit Margin remained thin but grew by 3% YoY to reach 0.05% from 0.05% in the previous year.

EBITDA Margin

Operating Profit Margin stands at 8.35%, reflecting core manufacturing efficiency; the 1.06% improvement suggests better cost management or technology-driven productivity gains.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company emphasizes continuous technology upgrading and machine replacement to maintain cost effectiveness.

Credit Rating & Borrowing

The Interest Coverage Ratio decreased by 8% to 6.77 in FY 2024-25 from 8.46 in FY 2023-24, indicating a slight reduction in the cushion to cover interest payments, though the Debt Equity Ratio remains very low and stable at 0.06 (a 0.3% decrease).

⚙️ Operational Drivers

Raw Materials

Not specifically named in the documents, though the business is 100% focused on socks manufacturing which typically requires yarn and elastic materials.

Capacity Expansion

Current capacity is not disclosed in units; however, the company is focusing on upgrading existing machinery to ensure technological adequacy.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but the company identifies 'unfavourable economic conditions' as a threat to cost structures.

Manufacturing Efficiency

The company focuses on 100% socks manufacturing; efficiency is driven by technology application to achieve cost effectiveness.

📈 Strategic Growth

Growth Strategy

The company plans to achieve growth by venturing into service-based activities and making investments in subsidiary companies, leveraging over 33 years of management experience in capital markets and corporate space.

Products & Services

100% socks and allied products; the company is also expanding into service-based activities and financial services sector opportunities.

Brand Portfolio

Filatex Fashions.

New Products/Services

The company has decided to venture into service-based activities and new business lines through subsidiaries, though specific revenue contribution percentages are not yet disclosed.

Market Expansion

Targeting new markets and fields by leveraging 29 years of experience in the Indian socks market to overcome current restrictions.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward technology-enabled processes and regulatory reforms that aid investor participation; the company is positioning itself by diversifying into service-based activities.

Competitive Landscape

Intense competition exists from both local Indian manufacturers and global players in the textile and socks segment.

Competitive Moat

The company's moat is based on 29 years of manufacturing experience and 33 years of management expertise in capital markets, though the low net profit margin of 0.05% suggests a highly competitive environment with low barriers to entry.

Macro Economic Sensitivity

Highly sensitive to global liquidity flows and national economic conditions which dictate disposable income levels for fashion accessories.

Consumer Behavior

Growing share of wallet for disposable income in the financial services industry is identified as an opportunity for the company's new service-based focus.

Geopolitical Risks

Performance is tied to global markets, making it vulnerable to international trade barriers and economic slowdowns.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with SEBI (LODR) Regulations and the Companies Act 2013; it recently applied for reclassification of promoters to the public category on November 14, 2025.

⚠️ Risk Analysis

Key Uncertainties

Execution risk regarding the pivot to service-based activities and subsidiary investments, coupled with a 44% drop in inventory turnover which could signal operational inefficiencies.