Rs. 20.00 crore additional investment in rights issue of wholly owned subsidiary Ecosis Limited
Filatex has acquired an additional 2,00,00,000 equity shares (face value Rs.1 each) of Ecosis Limited at Rs. 10 each, totalling Rs. 20.00 crore.
- Investment Amount
- Rs. 20.00 crore
- Shares Acquired
- 2,00,00,000 equity shares
- Issue Price Per Share
- Rs. 10 each
- Cumulative Investment in Ecosis
- around Rs.85 crores
- Subsidiary Status
- Ecosis Limited is wholly owned subsidiary
What happened
On 24th September, 2026, Filatex India acquired an additional 2,00,00,000 equity shares of Ecosis Limited (formerly Texfil Private Limited), its wholly owned subsidiary, as part of Ecosis's rights issue.
- Face value: Rs.1 each
- Issue price: Rs. 10 each
- Aggregate amount: Rs. 20.00 crore
- Cumulative investment in Ecosis till date: around Rs.85 crores
Where the money goes
The company states the funds will primarily be used for
- The ongoing Polyester Textiles Recycling Project
- Repayment of the existing loan taken from Filatex
- Working capital requirements
Nature of the transaction
Since it is between the company and its wholly owned subsidiary, it is a related party transaction, carried out on an arm's length basis. None of the promoter, promoter group or other group companies have any interest in it. No governmental or regulatory approval is required.
How to read this
This is capital being moved within the same group; Ecosis remains wholly owned, so there is no change in shareholding control. Part of the infusion returns to the parent as loan repayment. The balance supports the recycling project and day-to-day funding needs of the subsidiary.
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More numbers
- Additional equity shares acquired in Ecosis2,00,00,000 Equity Shares
- Face value per shareRs.1 each
- Price per shareRs. 10 each
- Aggregate investment amountRs. 20.00 crore
- Cumulative investment in Ecosis till dateRs.85 crores
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