Filatex India puts ₹13 crore more into wholly owned Ecosis rights issue
- Mergers & acquisitions
- Textiles - Synthetic
Reviewed byRachit TripathiBlacklitt Research
Filatex India (NSE: FILATEX) acquired 1,30,00,000 equity shares of its wholly owned subsidiary Ecosis Limited in a rights issue for ₹13.00 crore, it said in a filing on 07 Nov 2026. The shares were bought at ₹10 each. The filing says the company has invested around ₹98 crore in Ecosis till date.
Key highlights
- Shares acquired: 1,30,00,000 equity shares of ₹1 face value each
- Price per share: ₹10
- Aggregate investment: ₹13.00 crore on 07 Nov 2026
- Total invested in Ecosis till date: around ₹98 crore, per the filing
The investment in numbers
| Item | Detail |
|---|---|
| Subsidiary | Ecosis Limited (formerly Texfil Private Limited), wholly owned |
| Date of acquisition | 07 Nov 2026 |
| Shares acquired | 1,30,00,000 equity shares |
| Face value per share | ₹1 |
| Price per share | ₹10 |
| Aggregate amount | ₹13.00 crore |
| Stated use of funds | Polyester Textiles Recycling Project, repayment of an existing loan taken from Filatex, and working capital |
| Related party transaction | Yes, with a wholly owned subsidiary, stated to be on arm's length basis |
| Total invested till date | Around ₹98 crore, per the filing |
A rights issue in the subsidiary, paid at ₹10 a share
Filatex India acquired 1,30,00,000 equity shares of Ecosis Limited on 07 Nov 2026, in the context of a rights issue by Ecosis. Each share has a face value of ₹1 and was acquired at ₹10, which gives the ₹13.00 crore aggregate amount.
The filing describes the transaction as between the company and its wholly owned subsidiary, and so as a related party transaction. It states that the transaction is on arm's length basis and that no promoter, promoter group or other group company has an interest in it.
Where the money is to go
The filing says the investment will primarily be used to finance the ongoing Polyester Textiles Recycling Project, to repay an existing loan taken from Filatex, and to meet working capital requirements.
The filing says the company has invested around ₹98 crore in Ecosis till date. It does not say whether that figure includes the ₹13.00 crore acquired on 07 Nov 2026. For context, Filatex India reported consolidated total income of ₹1,155.16 crore for Q1 FY27.
What the Ecosis investment means for Filatex India's shareholders
The company puts ₹13.00 crore of new capital into its own wholly owned subsidiary, for a stated project, a related loan repayment and working capital. The filing does not say what the total size of the rights issue is or how much other shareholders have taken up, and it does not give the reason the company took up the shares rather than an outside party.
The filing names no further dated step. The recycling project is described only as ongoing, with no completion date or expected returns given.
Filed with BSE on . Reference: Original filing (PDF)
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