Filatex Fashions Limited has informed the BSE and NSE about the resignation of Mr. Sunil Agarwal, the Whole Time Director and Chief Executive Officer (CEO) of the company, effective from 17th March 2025. The announcement was made following the Board of Directors' meeting held on 29th March 2025 at the company’s registered office in Gachibowli, Hyderabad.

Resignation Details

As per the disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Agarwal resigned from his position as Whole Time Director and CEO of Filatex Fashions Limited with effect from 17th March 2025. The resignation was formally acknowledged during the board meeting held on 29th March 2025.

Mr. Agarwal’s resignation did not include specific details regarding the terms of his departure, as indicated by the company’s filing. Furthermore, he does not hold any shares in the company, and the company has confirmed that there are no related-party transactions involved in this resignation.

Other Relevant Information

The company has also disclosed details about Mr. Agarwal’s directorships in other listed entities:

1. Utssav CZ Gold Jewels Limited

2. Ullu Digital Limited

3. Kisan Mouldings Limited

His directorial roles in these companies include varying levels of board committee memberships. However, the company has clarified that these relationships do not affect the business operations or management structure of Filatex Fashions Limited.

Regulatory Compliance and Disclosures

In compliance with the provisions outlined in the SEBI Circular CIR/CFD/CMD/4/2015 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11th July 2023, Filatex Fashions has provided detailed information about the resignation. These disclosures are in line with the Listing Obligations and Disclosure Requirements for maintaining transparency with stakeholders and investors.

Impact on Filatex Fashions Limited

The resignation of Mr. Sunil Agarwal marks a significant leadership change at Filatex Fashions Limited. While the company has not yet announced a successor or interim leadership, the board and management team will likely assess and appoint a new leader to oversee the strategic direction and daily operations of the company.

About Filatex Fashions Limited

Filatex Fashions Limited is a leading manufacturer and supplier of fashion garments and accessories, catering to a wide range of customers in India and internationally. The company specializes in designing and producing high-quality garments for various markets, including retail and wholesale distribution. Its focus on innovative designs, sustainable practices, and efficient production has made it a key player in the fashion industry.

Outlook and Future Directions

The resignation of Mr. Agarwal represents a transition in the leadership of Filatex Fashions Limited. As the company moves forward, it will focus on maintaining stability while exploring new growth opportunities. The management team will ensure that the company’s goals and objectives continue to be met, with a focus on innovation and quality in the fashion space.

Conclusion

Filatex Fashions Limited has disclosed the resignation of Mr. Sunil Agarwal as CEO, following the March 29, 2025, Board meeting. The company continues to comply with SEBI regulations and has shared the necessary information to ensure transparency. As the company navigates this leadership change, it remains committed to its strategic vision and operational excellence.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.