Filatex Fashions Fined ₹1.2 Lakhs by NSE & BSE for Corporate Governance Non-Compliance
Filatex Fashions Limited was fined ₹1.2 Lakhs (₹61,360 from each NSE and BSE) for alleged non-compliance with corporate governance reporting regulations. The company is reviewing the notices and will take appropriate action.
The impact is considered low as the fine amount is relatively small for the company and the issue is related to a reporting lapse rather than a fundamental business issue.
The company has been fined by stock exchanges for non-compliance, which is a negative development.
Filatex Fashions Limited has received notices from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding the imposition of a fine for alleged non-compliance with Regulation 27(2) of the SEBI Listing Regulations. This non-compliance pertains to the non-submission of the Corporate Governance compliance report within the stipulated period.
Each exchange has levied a fine of ₹52,000, with applicable GST, totaling ₹61,360 for each entity, on Filatex Fashions Limited. The company is currently examining these notices and will take appropriate steps. The matter will also be presented before the Board of Directors in an upcoming meeting for necessary compliance.
The financial impact on the company is limited to the aggregate fine amount of ₹1,22,720 (₹61,360 from NSE + ₹61,360 from BSE). The company received these notices on August 25, 2026.
A plain-language summary of a public exchange filing by Filatex Fashions Limited. Read the original for the full detail.