SEBI imposes penalty of Rs 2 crore on three entities of Filatex Fashions

Filatex Fashions Ltd. | Textile | Textiles & Apparels | BSE: 532022 | NSE: FILATFASH

31 Jan 2019 Evaluate

The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 2 crore on former promoter and managing director of Filatex Fashions, Prabhat Setia, and two others for failing to make an open offer under takeover regulations as directed earlier by the regulator.

Sebi imposed a penalty on Prabhat Setia, Sangeeta Sethia and Swaminathan Rajendran.

Filatex Fashions is engaged in the manufacture and sale of knitted socks in India. The company is also involved in the trade of textile products.

Peers

Company Name	CMP
Vardhman Textiles	547.45
Welspun Living	202.25
Arvind	549.45
Raymond Lifestyle	672.05
K.P.R. Mill	1119.85
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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