Filatex Fashions has obtained necessary approvals from BSE and NSE for a promoter reclassification under SEBI Regulation 31A. Prashant Kumar Sethia and Rajkumar Sethia will now be considered public shareholders, pending member confirmation.

Achintya Securities has made a significant purchase, acquiring 51 million shares of Filatex Fashions at an average price of Rs. 0.21 each in the latest stock market trade. This move indicates a substantial investment by Achintya into Filatex Fashions.

Filatex Fashions has approved the issue of up to $100 million in Foreign Currency Convertible Bonds (FCCBs), a move aimed at securing additional funds for future operations and growth.