Company Profile

Pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Filatex India has informed that Earnings Conference call for Analysts and Investors is scheduled to be held on Friday, 16th February, 2024 at 4.00 pm (IST) to discuss the Q3FY24 results of the Company with Madhu Sudhan Bhageria, Chairman and Managing Director, Ashok Chauhan, Executive Director and Madhav Bhageria, Joint Managing Director & CFO of the Company. In this regard, copy of the invitation containing telephone number, contact details, etc. for the said Concall is enclosed.

The above information is a part of company’s filings submitted to BSE.

Filatex India is currently trading at Rs. 48.51, up by 0.26 points or 0.54% from its previous closing of Rs. 48.25 on the BSE.

The scrip opened at Rs. 47.81 and has touched a high and low of Rs. 48.59 and Rs. 47.81 respectively. So far 4541 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 54.60 on 04-Oct-2023 and a 52 week low of Rs. 31.60 on 31-Mar-2023.

Last one week high and low of the scrip stood at Rs. 49.28 and Rs. 45.19 respectively. The current market cap of the company is Rs. 2141.60 crore.

The promoters holding in the company stood at 64.76%, while Institutions and Non-Institutions held 5.98% and 29.26% respectively.

Filatex India’s board has approved the company's expansion project for manufacturing recycling chips with a capacity of 20,000 MTPA from polyester waste, including textile waste in all forms. The process will be based on deploymerization of polyester. The project will be executed by the company or its subsidiary.

The estimated cost of this expansion is projected at/about Rs 150 crore which will be financed from Term Loans, both Rupee and Foreign Currency, as well as Internal Accruals. The production is expected to commence around June 2025. The Board of Directors of the company, in their meeting held on October 30, 2023 has approved the same. 

Filatex India is engaged in manufacturing Monofilament Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India.

Titagarh Rail Systems (TRSL) has launched the second indigenous Diving Support Craft (DSC) built at its facility in Titagarh, Barrackpore, for the Indian Navy. Diving Support Crafts are catamaran type vessels, with required main and auxiliary equipment sourced from indigenous manufacturers. Under the Make in India initiatives of the Ministry of Defence, TRSL is building five such DSCs for the Indian Navy. The first DSC was launched in August 2023.

HFCL has unveiled a pioneering suite of 5G products and network solutions at the India Mobile Congress 2023, Asia’s one of the largest telecom and digital technology forum, held during October 27, 2023 to October 29, 2023. It has launched a comprehensive suite of next-gen connectivity products and solutions for the international markets, including 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment), IP MPLS Routers, 2 Gbps UBR (Unlicensed Band Radio) and 1728-high fibre count IBR (Intermittently Bonded Ribbon) Optical Fibre Cable.

Blue Star has reported 65.97% rise in its consolidated net profit at Rs 70.77 crore for the quarter under review as compared to Rs 42.64 crore for the same quarter in the previous year. Total income of the company increased by 19.64% at Rs 1,903.36 crore for Q2FY24 as compared Rs 1,590.84 crore for the corresponding quarter previous year.

TVS Motor Company has reported 11.39% rise in its consolidated net profit at Rs 415.93 crore for the quarter under review as compared to Rs 373.40 crore for the same quarter in the previous year. Total income of the company increased by 16.22% at Rs 9983.75 crore for Q2FY24 as compared Rs 8590.56 crore for the corresponding quarter previous year.

Adroit Infotech’s wholly owned subsidiary -- Verso Altima has entered into the Agreement in October 2023 with a leading Charging Solution provider based in USA having about 60 customers. The USA-based Company has also got customers within the USA and across the globe. The USA based Company will make use of the expertise of Verso Altima to integrate its Charging solution with SAP-BRIM software for its customers, in which, Verso has the expertise to integrate and implement the SAP-BRIM and to provide end to end Sales Process functionality. The target market is existing customers of the USA-based Company. 

Filatex India’s board has approved the company's expansion project for manufacturing recycling chips with a capacity of 20,000 MTPA from polyester waste, including textile waste in all forms. The process will be based on deploymerization of polyester. The project will be executed by the company or its subsidiary.

Tata Motors has won an arbitral award of Rs 766 crore plus interest to compensate for its investment in the now scrapped Singur plant. Tata Motors was building the plant to manufacture the ambitious Tata Nano there.

Filatex India’s board has approved the company's expansion project for manufacturing recycling chips with a capacity of 20,000 MTPA from polyester waste, including textile waste in all forms. The process will be based on deploymerization of polyester. The project will be executed by the company or its subsidiary.

The estimated cost of this expansion is projected at/about Rs 150 crore which will be financed from Term Loans, both Rupee and Foreign Currency, as well as Internal Accruals. The production is expected to commence around June 2025. The Board of Directors of the company, in their meeting held on October 30, 2023 has approved the same. 

Filatex India is engaged in manufacturing Monofilament Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India.