Hyderabad-based exporter Filatex Fashions announced on Monday that its subsidiary has secured a large export order worth USD 35 million (approximately Rs 293 crore). The order is for supplying white marble and comes from Bloomflora Ventures Ltd, which is developing 54 hospitals in Africa.
This is the first export order for Filatex’s mining subsidiary, Filatex Mines and Minerals Pvt Ltd. The supply of white marble will take place over seven years. In addition, Filatex Fashions’ shareholders have approved a stock split of 5:1, meaning shareholders will receive five equity shares for every one share they hold.
This decision was made at an extraordinary shareholders’ meeting on July 15. The board had previously approved the stock split on June 7 to increase liquidity in the capital market and expand the shareholder base.
The company’s Board of Directors also approved the appointment of Sunil Agarwal as an Additional Director and CEO in the Executive Director category at a meeting on July 26, 2024. Filatex Fashions is a prominent player in the textile industry, known for its extensive range of high-quality fashion products. Specializing in yarn manufacturing and garment production, the company caters to both domestic and international markets.
Filatex Fashions emphasizes innovation and sustainability, consistently introducing eco-friendly materials and processes. With state-of-the-art facilities and a dedicated workforce, the company ensures that its products meet the highest standards of quality and style. Its commitment to excellence and customer satisfaction has made Filatex Fashions a trusted name in the fashion industry.
