New Delhi, October 23 (Udaipur Kiran) — Shares of Filatex India Ltd edged higher on Thursday after the company announced signing a Memorandum of Understanding (MoU) with Revti Business and Wastewear, marking a major step toward sustainable textile waste recycling and global co-branding.
The stock was trading at ₹56.59, up by ₹0.34 or 0.60%, from its previous close of ₹56.25 on the BSE. It opened at ₹56.22 and touched an intraday high of ₹57.36 and a low of ₹56.22, with 25,349 shares traded so far.
The BSE Group ‘B’ stock, with a face value of ₹1, currently commands a market capitalization of ₹2,514.44 crore. The scrip recorded a 52-week high of ₹73.39 (December 6, 2024) and a 52-week low of ₹34.03 (April 7, 2025). During the past week, it traded between ₹57.36 and ₹54.35.
Promoters hold 64.83%, while institutional investors own 7.18% and non-institutional investors hold 27.99% of the company’s equity.
MoU to Boost Textile Recycling and Sustainability
Under the new partnership, Filatex India, Revti Business, and Wastewear will collaborate on textile waste recycling, product innovation, and global co-branding. The joint initiative aims to reduce textile waste and promote responsible production practices across the supply chain.
Filatex will process textile feedstock into recycled PET chips and filament yarn, maintaining high sustainability benchmarks and stringent quality standards.
As part of the collaboration:
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Revti Business will supply high-quality sorted textile waste and serve as a preferred customer for Filatex’s recycled outputs.
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Wastewear, a US-based sustainability leader, will facilitate the import of textile waste into India and lead international marketing and co-branding activities under the ‘ecosis’ yarn brand.
Driving India’s Textile Circular Economy
The partnership is expected to play a pivotal role in advancing India’s textile recycling roadmap, with strong implications for environmental responsibility, supply chain resilience, and innovation in sustainable materials.
The collaboration also strengthens India’s position in the global circular economy, supporting the transition to low-carbon textile manufacturing and eco-friendly synthetic fibers.
About Filatex India
Filatex India is a leading manufacturer of Monofilament Yarns used in zippers, toothbrush bristles, Velcro, magic fasteners, and forming fabrics. The company has been expanding its footprint into recycled and sustainable polymer-based products to align with evolving global environmental standards.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.