Filatex India has invested ₹20 crore in its wholly owned subsidiary, Ecosis Limited, to finance an ongoing polyester textiles recycling project and meet working capital requirements. The acquisition of additional equity shares strengthens the parent company's support for the subsidiary's operational expansion.

The transaction involves the purchase of 2,00,00,000 equity shares at a price of ₹10 per share. This investment is categorized as a related party transaction conducted on an arm's length basis, with no interest held by the company's promoters or promoter group in the deal.

Investment Details and Usage

The funds raised through this right issue are earmarked for specific operational needs. The primary allocation is toward the polyester textiles recycling project currently underway at Ecosis. Additionally, the capital will be used for the repayment of existing loans taken from Filatex and to address general working capital requirements.

Regulatory and Compliance Status

The disclosure was made under Regulation 30(6) read with Para A(1) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2025. The company confirmed that no governmental or regulatory approval is required for this acquisition, given its nature as an intra-group investment.

What the Numbers Show

This latest infusion brings the total investment by Filatex in Ecosis to approximately ₹85 crore. The significant increase from previous levels highlights the parent company's strategic focus on scaling the subsidiary's recycling capabilities. The pricing of ₹10 per share against a face value of ₹1 indicates a premium valuation, reflecting confidence in the subsidiary's asset base and future revenue potential from the recycling segment.

Filatex India Limited shareholders approved a dividend of ₹0.30 per equity share for the financial year ended March 31, 2026, during the company's 36th Annual General Meeting (AGM).

The meeting, conducted through Video Conferencing on September 22, 2026, also saw the approval of the audited standalone and consolidated financial statements for FY26. Additionally, members ratified the remuneration of cost auditors for the financial year ending March 31, 2027.

Key approvals at the AGM

The following businesses were approved with requisite majority through remote e-voting and electronic voting:

The AGM commenced at 4:00 pm and concluded at 4:56 pm. The filing was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting participation and results

The company disclosed consolidated voting results pursuant to Regulation 44 of SEBI LODR Regulations. A total of 86,769 shareholders were on record as of September 15, 2026. During the meeting, 15 promoters and 44 public shareholders attended via video conferencing.

All five resolutions passed as Ordinary Resolutions. The voting breakdown for key items is as follows:

Leadership continuity

Madhav Bhageria, who was retiring by rotation, was re-appointed as the Managing Director of the company. This decision ensures continuity in the company's leadership structure for the upcoming period.