Please find attached Letter for acquisition of 1,00,00,000 Equity Shares of Ecosis Limited, Wholly Owned Subsidiary Company.

FILATEX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.2%1-day move

₹42.59

prior close

₹42.01

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.5+1.0+0.6+1.1+0.2+0.9-3.6-0.7-0.3-0.9+13.4+24.0+50.6—

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AI summary

Filatex India Ltd has acquired an additional 10 crore equity shares of Ecosis Limited (formerly Texfil Private Limited), its wholly owned subsidiary, at Rs. 10 per share for a total consideration of Rs. 10 crore. The company has now invested approximately Rs. 65 crore in total in Ecosis. The funds will be deployed towards a Polyester Textiles Recycling Project, repayment of an existing loan taken from Filatex, and working capital requirements. The transaction qualifies as a related party transaction but is conducted on an arm's length basis with no promoter or group company interest.

Likely market impact

This is an internal capital infusion into a wholly owned subsidiary for expansion and project financing, which is a routine intra-group investment and is unlikely to have any immediate material impact on Filatex's standalone financials or stock price.