Archive · 24 Jul 2025
Filatex Fashions Approves ESOP for Subsidiary Texfil Leadership
Imagine a company, Filatex Fashions, that makes socks for big brands.
They want to keep their smart people, so they gave one of their workers at a new company called Texfil some special "stock options."
These options are like a promise to give the worker shares of the company's stock in the future, if they stay for a long time.
This is to help the new company, which focuses on being environmentally friendly, by making sure it has strong leaders and people to help it grow.
It's like rewarding the worker for their hard work and helping them own a piece of the company.
Filatex Fashions approved a stock option grant for an employee at its subsidiary, Texfil Private Limited.
The grant includes 250,000 stock options priced at ₹59 each, vesting over five years.
Texfil, incorporated in 2021, is a wholly-owned subsidiary focused on sustainability.
The ESOP aligns with Filatex's strategy for leadership stability and talent retention.
Filatex Fashions is a long-standing socks manufacturer supplying global brands.
- Who
- Filatex Fashions, an employee of Texfil Private Limited.
- What
- Filatex Fashions approved a stock option grant.
- When
- July 2025 (Nomination and Remuneration Committee meeting)
- Where
- New Delhi, India (Filatex Fashions is based)
- Why
- To retain talent and strengthen leadership at its subsidiary Texfil.
- Company
- Filatex Fashions Ltd.
- Subsidiary
- Texfil Private Limited
- Stock Options Granted
- 250,000
- Option Price
- ₹59
- Vesting Period
- 5 years
- Filatex Product
- Socks
- Listing
- BSE (Code: 526227)