Date: 24th September, 2026
Investment Details
- Filatex India Limited acquired 2,00,00,000 equity shares of face value ₹1 each in Ecosis Limited (wholly-owned subsidiary)
- Share price: ₹10 per share
- Total investment amount: ₹20.00 crore
- Investment date: 24th September, 2026
- Total investment in Ecosis Limited to date: Approximately ₹85 crore
Use of Funds
The investment amount will be used for:
- Financing the ongoing Polyester Textiles Recycling Project
- Repayment of existing loan taken from Filatex
- Working capital requirements
Transaction Nature
- Related party transaction (between company and its wholly-owned subsidiary)
- Conducted on arm's length basis
- No interest from promoter/promoter group/other group companies
- No governmental or regulatory approval required