# Filatex India Buys 1.3 Crore Ecosis Shares for ₹13 Crore to Fund Recycling Project

> Filatex India acquired 1.3 crore Ecosis shares for ₹13 crore at ₹10 each, taking cumulative investment in the recycling subsidiary to about ₹111 crore.

- Published: 2026-11-07T09:59:27+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-07/filatex-india-ecosis-13-crore-investment
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/filatex-india-invests-13-crore-subsidiary-ecosis-recycling-project/55587937)

## Key takeaways

- Filatex India acquired 1.3 crore equity shares of Ecosis Limited for ₹13 crore on November 7, 2026, at ₹10 per share with a face value of ₹1.
- The proceeds will finance Ecosis's polyester textiles recycling project, repay loans taken from Filatex India and meet working capital needs.
- Cumulative investment in Ecosis now approximates ₹111 crore, after about ₹98 crore was invested before this transaction.

[Filatex](https://akta.pro/company-profiles/003gmqk/filatex) India acquired 1.3 crore equity shares of its wholly owned subsidiary Ecosis Limited for ₹13 crore on November 7, 2026, at ₹10 per share with a face value of ₹1. [ScanX](https://scanx.trade/stock-market-news/companies/filatex-india-invests-13-crore-subsidiary-ecosis-recycling-project/55587937) reported that the funds will finance a polyester textiles recycling project and repay loans.

## Filatex's ₹13 Crore Right Issue to Ecosis

The transaction is classified as a related party transaction conducted on an arm's length basis, and no governmental or regulatory approval was required. The capital raised through the right issue is designated for financing the ongoing polyester textiles recycling project, repayment of existing loans taken from Filatex India, and meeting working capital requirements.

Prior to this transaction, Filatex had already invested approximately ₹98 crore in Ecosis. The latest infusion brings the parent company's cumulative investment in the subsidiary to about ₹111 crore.

## Ecosis Funding History in Company Records

According to akta.pro [company records](https://akta.pro/company-data), Filatex renamed wholly owned subsidiary Texfil Private Limited to Ecosis Limited in March 2026, formalizing the recycling subsidiary's brand identity ahead of commercial-scale operations. The same records show Ecosis signed a memorandum of understanding with Decathlon Group's Indian entity in December 2025 to scale textile-to-textile recycled polyester in sportswear, and a memorandum with American & Efird Global, LLC in February 2026 for collaboration in the recycled polyester space.

| Date | Event |
| --- | --- |
| December 2025 | MoU with Decathlon Group's Indian entity on textile-to-textile recycled polyester |
| February 2026 | MoU with American & Efird Global, LLC on recycled polyester collaboration |
| March 2026 | Texfil Private Limited renamed Ecosis Limited |

## Filatex's Recycling Plant and Earlier Ecosis Funding

In September 2026, The Hindu reported that Filatex India is investing about ₹300 crore to build a polyester textile recycling plant in Gujarat with an annual capacity of 27,000 tonnes, expected to be commissioned the following month. In July 2026, ScanX reported that Filatex had incorporated Ecosis Infinite, Sociedad Limitada, in Spain through Ecosis Limited, with the entity registered on July 29, 2026.

ScanX also reported in September 2026 that Filatex had invested ₹20 crore in Ecosis through 2,00,00,000 equity shares at ₹10 per share, taking cumulative investment in the subsidiary to approximately ₹85 crore at that time.

## Ecosis Infinite Registration in Spain

Filatex India incorporated Ecosis Infinite, Sociedad Limitada, in Spain through Ecosis Limited, with the entity registered on July 29, 2026, according to ScanX.

## Companies in this story

- [Filatex company profile](https://akta.pro/company-profiles/003gmqk/filatex) · website: http://www.filatex.com

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