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Filatex India gains on signing MoU with Revti Business, Wastewear

Filatex India Ltd. | Textile - Spinning | Textiles & Apparels | BSE: 526227 | NSE: FILATEX

23 Oct 2025 Evaluate

Filatex India is currently trading at Rs 56.59, up by 0.34 points or 0.60% from its previous closing of Rs 56.25 on the BSE.

The scrip opened at Rs 56.22 and has touched a high and low of Rs 57.36 and Rs 56.22 respectively. So far 25349 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 1 has touched a 52-week high of Rs 73.39 on 06-Dec-2024 and a 52-week low of Rs 34.03 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs 57.36 and Rs 54.35 respectively. The current market cap of the company is Rs 2514.44 crore.

The promoters holding in the company stood at 64.83%, while Institutions and Non-Institutions held 7.18% and 27.99% respectively.

Filatex India, Revti Business, and Wastewear have signed a Memorandum of Understanding (MoU) to establish a multi-faceted collaboration focused on textile waste recycling, product innovation, and global co-branding. The MoU outlines the intention of the three companies to work jointly on sourcing, processing, and marketing recycled polyester products, with the long-term goal of reducing textile waste and promoting responsible production.

Under this partnership, the company will process textile feedstock into recycled PET chips and filament yarn, ensuring adherence to sustainability benchmarks and product quality standards. Revti Business will supply high-quality sorted textile waste and act as a preferred customer for the recycled outputs, while Wastewear, a US-based sustainability leader, will facilitate imports of textile waste into India and lead international marketing and co-branding efforts under the ‘ecosis’ yarn brand.

This partnership is expected to significantly contribute to India's textile recycling roadmap, with positive implications for environmental responsibility, supply chain resilience, and innovation in sustainable materials.

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

Filatex India Share Price

44.76 0.67 (1.52%)

10-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Trident	25.33
Filatex India	44.76
Nitin Spinners	395.80
Nahar Spinning Mills	236.90
Sanathan Textiles	422.00
View more..

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Filatex India gains on signing MoU with Revti Business, Wastewear

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