Filatex India Limited has submitted a regulatory disclosure under SEBI Listing Regulations regarding the incorporation of a new step-down wholly owned subsidiary.
Subsidiary Structure
Ecosis Limited (formerly known as Texfil Private Limited), which is a Wholly Owned Subsidiary of Filatex India Limited, has incorporated and registered Ecosis Infinite, Sociedad Limitada in Spain. Confirmation of registration was received from the notary on July 29, 2026, and the entity is registered with the Commercial Registry in Spain.
Ownership Structure
Upon completion of Overseas Direct Investment (ODI) formalities, Ecosis Infinite, Sociedad Limitada will become:
- A Wholly Owned Subsidiary of Ecosis Limited
- Consequently, a step-down Wholly Owned Subsidiary of Filatex India Limited
Business Details
- Industry: Textile industry
- Line of Business: Manufacturing/dealing in various types of Polyester Yarns
- Country of Incorporation: Spain
Financial Details
- Consideration Type: Cash
- Initial Share Capital: €3,000
- Share Structure: Represented by 3,000 units of shares of €1 nominal value each
- Ownership: 100% shareholding by Ecosis Limited upon completion of ODI formalities
Regulatory Approvals
The remittance of share capital and completion of ODI formalities are currently under process. The company is complying with the Foreign Exchange Management (Overseas Investment) Rules, 2022 ("OI Rules") for these transactions.
Current Status
The ODI formalities for remittance of share capital are in process and not yet completed as of the disclosure date (July 30, 2026).