Filatex India Ltd completes incorporation of Spanish subsidiary Ecosis Infinite
Filatex India Ltd has completed the incorporation and registration of a new entity in Spain, which is set to become a step-down Wholly Owned Subsidiary. The incorporated company is named Ecosis Infinite, Sociedad Limitada.Ecosis Limited, previously known as Texfil Private Limited, a Wholly Owned Subsidiary of Filatex India Ltd, successfully registered the new company with the Commercial Registry in Spain, receiving confirmation from the notary on July 29, 2026. The newly incorporated entity belongs to the textile industry and is focused on manufacturing and dealing in various types of Polyester Yarns.
Upon the completion of the necessary Overseas Direct Investment formalities and the remittance towards share capital, Ecosis Infinite, Sociedad Limitada will become a Wholly Owned Subsidiary of Ecosis Limited, and subsequently, a step-down Wholly Owned Subsidiary of Filatex India Ltd.
Key details regarding the incorporation and structure of Ecosis Infinite, Sociedad Limitada are summarized below:
| Particulars | Details |
|---|---|
| Name and Country of Incorporation | Ecosis Infinite, Sociedad Limitada in Spain |
| Date of Confirmation | July 29, 2026 |
| Industry Focus | Textile industry (Manufacturing/dealing in Polyester Yarns) |
| Nature of Consideration | Cash |
| Initial Share Capital | €3,000, represented by 3,000 shares at a nominal value of €1 each |
| Ownership Status Post-Completion | Wholly Owned Subsidiary of Ecosis Limited, which is itself a Wholly Owned Subsidiary of Filatex India Ltd |
FILATEX Stock Price Movement
As of 2:18 PM, shares of Filatex India Limited are shedding value in live trading, currently at ₹69.34 after dipping by 2.95%. The drop occurs as the stock trades amidst a volume totaling 1.73 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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