Company History: YEAR EVENTS1990 - The Company was incorporated as a Public Limited Company on 8th August and obtained Certificate of Commencement of Business on 5th September. - The Company has obtained Registration from Deptt. of Industrial Development Ministry of Industry Secretariant for Industrial Approvals Govt. of India for manufacturing polyster/nylon monofilaments with annual capacity of 500 tonnes of NOIDA Industrial ARea Distt. Ghaziabad U.P. - The Company has been promoted by S/Shri Purshottam Bhageria Madhusudhan Bhageria and Madhav Bhageria.
1992 - The Company has entered into a technical collaboration agreement on 9th September with Reifenhauser GmbH & Co. Maschinenfabrik Germany.
1993 - The Company Public Issue of 18 00 000 No. of Equity shares of Rs. 10/- each for cash at par aggregating Rs. 180 lacs.
1995 - The Company set up a Wind Power Project at Tamilnadu which was successfully commissioned in March.
- The Company issued 35 00 000 No. of Equity Shares of Rs.10/- each at a premium of Rs.35/- per Share Financial Institutions Mutual Funds and high networth investors.
1996-99 NO NEWS
2000 - The Company subject to necessary approvals to issue 15 00 000 No. of equity shares of Rs. 10/- each at par by way of preferential issue to the promoters of the company and their relatives as issue part of promoters contribution in the firal fixation/restructuring package proposed by IDBI.
2003 - Board approves expansion of the POY Spinning capacity
2004
-Filatex Ltd has informed that the BoD of the company in their meeting held today (January 6 2004) have approved the issue of 15 00 000 7.5% Cumulative Convertible Preference Shares of Rs. 25/- each to the promoters of the company including their associate companies. The said Cumulative Convertible Preference Shares shall be convertible into equity shares
2008
-Filatex India Ltd has appointed Mr. B B Tandon as an Additional Director of the Company w.e.f. April 12 2008.
- Filatex India Ltd has appointed Mr. Vibhu Bakhru as an Additional Director of the Company.
