Filatex India Ltd. — Capital/Financing Update 2021

Jul 27, 2021

CIN No.L17119DN1990PLC000091

FILATEX INDIA LIMITED

FIL/SE/2021-22/27 27th July, 2021

National Stock Exchange of India Limited Listing Department

5th Floor, Exchange Plaza, C-l, Block-G, Bandra-Kurla Complex, Bandra (E) Mumbai-400 051 Security Symbol: FILATEX

BSE Limited Listing Department

25th Floor, Pheroze Jeejeebhoy Towers Dalai Street,

Mumbai - 400 001 Security Code: 526227

Sub: Outcome of the Board Meeting - proposed expansion schemes

Dear Sir,

We would like to inform you that the Board of Directors in their meeting held on 27th July 2021 have approved the following proposed expansion schemes:

1. Increasing polycondensation capacity by 50 TPD and putting up additional manufacturing facilities for 120 TPD of Polyester Partially Oriented Yarn at Dahej plant.

a. The Company presently has poly-condensation capacity of 1050 TPD at its plant at Dahej Industrial Estate, GIDC, Gujarat. The polymer is used for manufacturing for the following products:

Product	Production (TPD)
Polyester Chips	240
Polyester POY	125
Polyester FDY	315
Polyester DTY	370
Total	1050

b. No additional land and infrastructure for raw material feeding would be required. This will lead to substantial savings in the capital cost as compared to if the said capacities were put up as a new green-field project. Execution period is expected to be about 12 months as against 24 months required for green field project.

c. The estimated Capital Expenditure for the said expansion scheme is Rs. 130 crores which would be financed through Foreign Currency Term Loans & Internal Accruals.

CORPORATE OFFICE

Bhageria House

43 Community Centre New Friends Colony New Delhi ■ 110025, India

P +91.11.26312503,268486 F +91.11.26849915 E fildolhi@filatei.com

REGD. OFFICE & WORKS

SURAT OFFICE

S. No. 274 Demni Road

Bhageria House

Dadra - 396193

Ring Road Surat -395002

U.T. of-Dadra & Nagar Haveli India

India

P +91.260.2668343/8510 P +91.261.4030000 F +91.260.2668344 F +91.261.2310796 E fild a d ra @ tils t6 x .c o m E filsurat@filatex.com Website: www.filatex.com

MUMBAI OFFICE

321, Maker Chamber • V Nariman Point Mumbai -400021 India

P +91.22,22026005/06 F +91.22.22026006 E filmumbai@filatex.eom

Filatex India Limited

Continuation sheet

1. Replacing two existing POY lines (144 ends) with two new POY lines (192 ends) along with replacing winders in one POY line with new winders

   • a. The Company presently has yarn manufacturing net capacity of 110 TPD at its plant at Dadra.

   • b. This proposed project will increase the POY capacity of the plant by 5 TPD as well as improve the quality of the yarn produced.

   • c. Execution period is expected to be around 6-8 months.

   • d. The estimated Capital Expenditure for the said expansion scheme is Rs. 8 crores which would be financed from internal accruals.

Inclusion of the above-mentioned expansion schemes will enhance profitability and long-term economic viability of the company.

This is for your information and records please.

Thanking You,

Yours Faithfully,

For FILATEX INDIA LIMITED

COMPANY SECRETARY