Filatex Fashions Limited at its meeting held on 06 July 2024 has considered and approved the following: to set up a Corporate Office for business expansion and management in Mumbai including appointment of senior managerial personnel like CEO, head of compliance etc. which will help the company in its smooth business expansion in global markets on account of having presence in Mumbai - the Finance Capital of India and to set up a 100% Subsidiary (wholly owned subsidiary) of Filatex Fashions Limited in New Delhi with the name of filatex Fashions EXIM Private Company Limited or such other name as may be approved by the Office of Registrar of Companies, with key business objectives as export of textile garments and fabrics, reason being New Delhi is a source for readymade goods which can be easily supplied to overseas market.