Transaction Details
- Date of Acquisition: 7th November, 2026
- Target Company: Ecosis Limited (formerly known as Texfil Private Limited), Wholly Owned Subsidiary
- Instrument Acquired: 1,30,00,000 Equity Shares of face value of Rs. 1 each
- Price per Share: Rs. 10 each
- Total Investment Amount: Rs. 13.00 crore
- Cumulative Investment: Approximately Rs. 98 crore invested in Ecosis Limited to date
Use of Proceeds
The investment amount will be primarily used for:
- Financing the ongoing Polyester Textiles Recycling Project
- Repayment of existing loan taken from Filatex
- Working capital requirements
Transaction Characteristics
- Relationship: Related party transaction between Company and its wholly owned subsidiary
- Basis: Arm's length basis
- Other Parties: None of the Company's promoter/promoter group/other group companies have any interest in the transaction
Regulatory Aspects
- No governmental or regulatory approval required for this acquisition
- Filed with both National Stock Exchange of India Limited and BSE Limited