Filatex India Invests Rs 15 Crore in Subsidiary Texfil Through Rights Issue

1 min read     Updated on 16 Jan 2026, 06:02 PM
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Reviewed by
Riya DScanX News Team
Overview

Filatex India Limited has invested Rs 15 crore in its wholly owned subsidiary Texfil Private Limited through a rights issue, acquiring 1.5 crore equity shares at Rs 10 per share. The funds will be utilized for financing the ongoing Polyester Textiles Recycling Project, repaying existing loans, and meeting working capital requirements, strengthening the subsidiary's financial position and operational capabilities.

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Filatex India Limited has made a strategic investment in its wholly owned subsidiary, Texfil Private Limited, through a rights issue. The company disclosed under Regulation 30 of SEBI Listing Regulations that it acquired additional equity shares of Texfil for Rs 15.00 crore on January 16, 2026.

Investment Transaction Details

The latest investment represents a significant capital infusion into the subsidiary's operations:

Parameter: Details
Shares Acquired: 1.5 crore equity shares
Face Value per Share: Rs 1.00
Issue Price per Share: Rs 10.00
Total Investment: Rs 15.00 crore
Transaction Date: January 16, 2026

Fund Utilization Strategy

The investment proceeds will be deployed across three key areas to strengthen Texfil's operational capabilities:

Polyester Textiles Recycling Project: A significant portion of the funds will finance the ongoing recycling project, demonstrating the company's commitment to sustainable textile production practices.

Loan Repayment: The investment will enable Texfil to repay existing loans from Filatex India Limited, improving the subsidiary's financial structure and reducing inter-company obligations.

Working Capital Enhancement: Additional funds will support Texfil's working capital requirements, potentially boosting operational efficiency and growth prospects.

Regulatory and Transaction Framework

As disclosed in the regulatory filing, this transaction constitutes a related party transaction conducted on an arm's length basis. The company confirmed that no promoter, promoter group, or other group companies have any interest in this transaction. Additionally, no governmental or regulatory approvals were required for this acquisition.

This strategic move reinforces Filatex India's commitment to strengthening its subsidiary's financial position while focusing on sustainable business practices through the recycling project. The investment is expected to enhance Texfil's operational capabilities and contribute to the group's consolidated performance in upcoming quarters.

Historical Stock Returns for Filatex India

1 Day5 Days1 Month6 Months1 Year5 Years
+0.54%+4.27%-15.25%-24.46%+13.79%+27.58%

Filatex India Limited Relocates Corporate Office to New Delhi Location

1 min read     Updated on 26 Dec 2025, 12:40 PM
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Reviewed by
Radhika SScanX News Team
Overview

Filatex India Limited announced the relocation of its corporate office from New Friends Colony to Radisson Hotel premises on M.G. Road, New Delhi, effective January 1, 2026. The company communicated this change to NSE and BSE on December 26, 2025, under Regulation 30 compliance requirements.

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Filatex India Limited has announced the relocation of its corporate office to a new address in New Delhi. The textile company communicated this change to the National Stock Exchange of India Limited and BSE Limited on December 26, 2025, as part of its regulatory disclosure requirements under Regulation 30.

Corporate Office Relocation Details

The company's corporate office will be relocated from its current address to a new premium location in the capital. The following table outlines the relocation details:

Parameter: Details
Current Address: 43, Community Centre, New Friends Colony, New Delhi-110025
New Address: 4th & 5th Floor, Office Block, Radisson Hotel, M.G. Road, New Delhi-110030
Effective Date: January 1, 2026

The new corporate office will be situated in the office block of Radisson Hotel on M.G. Road, which is a prominent business district in New Delhi. This move represents a shift from the current Community Centre location in New Friends Colony to a more centralized business location.

Regulatory Compliance

Filatex India Limited filed this notification with both major stock exchanges where its shares are listed. The company trades on the National Stock Exchange under the symbol FILATEX and on BSE Limited with security code 526227. The notification was signed by Raman Kumar Jha, Company Secretary, ensuring proper corporate governance procedures were followed.

Company Operations

While the corporate office is relocating, the company maintains its registered office and manufacturing operations at other locations. The registered office and works remain at Plot No. 274, Demni Road, Dadra-396193, in the Union Territory of Dadra and Nagar Haveli. Additionally, the company operates manufacturing facilities in Dahej, Gujarat, and maintains a Surat office for regional operations.

This corporate office relocation reflects the company's operational adjustments and does not impact its manufacturing capabilities or registered office status. The change is purely administrative and aimed at enhancing corporate operations from the new Delhi location.

Historical Stock Returns for Filatex India

1 Day5 Days1 Month6 Months1 Year5 Years
+0.54%+4.27%-15.25%-24.46%+13.79%+27.58%

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