Lambodhara Textiles Limited was incorporated as a Private Limited
Company on 17th March, 1994 and converted as a Public Limited Company
on 26th October, 1996, under the
Companies Act, 1956 and new Certificate of Incorporation was received
on 7th November, 1994.
The Registered Office of the Company is situated at the residential
premises of the Managing Director, B II/I Park Avenue, Race Course,
Coimbatore 641 018 and the company has
given an undertaking to shift the same from the present premises. The
factory is situated at 826, Thazayuthu, Palani Taluk.
Lambodhara Textiles Limited is promoted by Mr.R. Santosh,son of Mr.V.
Radhakrishnan who hail from one of the reputed textile families who
are associated with textile industry for more than 20 years. They
hail from the family of Mr. Venkataswamy Naidu who were associated
companies, prominent among them being South India Viscose. Mr. V.
Radhakrishnan is the Director of Lakshmi Ganesha Textiles Limited and
Lambodhara Textiles Limited started its manufacturing operations by
taking over an existing sick unit and this was sold by Tamilnadu
Industrial Investment Corporation Limited vide the sale deed dated
27th day of May, 1994. The Company is engaged in the business of
manufacture of yarn. The Company is presently having 4644 spindles
with 2700 Kgs per day spinning capacity in 20s carded yarn.
The Company proposes to immediately install further 5760 spindles
with a additional capacity of 3700 kgs per day of 20s combed yarn
The total capacity after the expansion will be 10404 spindles with a
capacity of 6400 kgs per day.
-Lambodhara Textile recommends a dividend of 10%
-Lambodhara Textile recommends a dividend of 12.5%
-Lambodhara Textile has recommended a dividend of Re. 1/- per Share
of Rs. 10/- each