1975 - Asia Threads Limited has been incorporated as a Limited
Company vide certificate
of incorporation on 11th July 1975 of 1993 dated 13th May
1993 in the State of Maharastra
at Bombay. The company received its certificate of
Commencement of business on31st
- The Company was incorporated with the object of
manufacturing and selling man made
and natural yarns. The Company had not commenced any
commercial operations till
may 1995. The company has started commercial operations
since May 1995.
1995 - The Company entered into an Agreement of sale with Indo Euro
Industries Limited (IEIL)
an unlisted company. on 30th January, by which the
company will acquire the entire
Fixed Assets of IEIL including Land, Building, Plant &
Machineries and other Miscellaneous
Fixed Assets situated at village Amli, Vapi-Silvassa
Road, Silvassa at a consideration
of Rs. 325 lacs.
1997 - The Company has entered into agreement to purchase land in
1998 - On 30th July, Asia Polytex (India) Limited, a Company under
the same management
became a subsidiary of the Company.
2000 - The Company has signed tripartite agreement with NSDL & CDSL.
- The Company changed its name from Asia Threads Limited to
-Company has changed its name from Ez-Comm Trade Technologies Ltd. to
Centerac Technologies Ltd.