Filatex Fashions, in a recent extraordinary general meeting (EGM), has approved plans for fundraising through Foreign Currency Convertible Bonds (FCCBs), increasing its share capital, and redefining the status of its major shareholders. The moves aim to bolster the company's financial position.

Filatex Fashions has been penalized INR 3.78 lakh by both NSE and BSE for failing to comply with SEBI's regulations regarding timely promoter reclassification. The fine includes GST and is split equally between the two exchanges.

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.