Filatex India Limited (FIL) has announced the provision of a Corporate Guarantee on behalf of its wholly-owned subsidiary, Texfil Private Limited. This guarantee is in support of a term loan of up to ₹200 crores (Rupees Two Hundred Crores) that Texfil Private Limited is obtaining from Punjab National Bank. The term loan will be utilized for a Polyester Textile Recycling Project, which is projected to have an annual capacity of 26,250 MT. The total project cost is estimated at ₹300 crores. The deed of Corporate Guarantee was executed on January 29, 2026, at 5:00 P.M. The company has stated that this guarantee has been provided on an arm's length basis and that none of the promoters, promoter group, or directors of Filatex India Limited have any interest in this transaction. The primary impact on Filatex India Limited, as disclosed in its financial statements, is as a contingent liability.
