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Orbit Exports > Company History > Textiles - Weaving > Company History of Orbit Exports - BSE: 512626, NSE: N.A
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Orbit Exports
BSE: 512626|ISIN: INE231G01010|SECTOR: Textiles - Weaving
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BSE
May 21, 17:00
79.15
4.15 (5.53%)
VOLUME 17,141
Orbit Exports is not listed on NSE
Company History - Orbit Exports
 Orbit Exports Limited was originally incorporated in the State of
 Maharashtra on 16th September, 1983 in the name and style of Orbit
 Exports Private Limited.  It was subsequently changed to a Public
 Limited Company under section 31/44 of the companies Act 1956 and the
 Company obtained fresh certificate of Incorporation dated 30th
 September, 1994 confirming the conversion of the Company from private
 limited to public limited Company.
 
 The Registered office of the company is located at Divya Darshan,
 Ground Floor, 32, 2nd, Fofalwadi, Bhuleshwar, Kalbadevi Road, Bombay
 400002.  
 
 The Company is engaged in the manufacture and trading of Jacquard
 fabrics and Velour de Lyons (Fine Velvets) which are used for dress
 material, drapery & trimmings.  The Company first set up a
 sophisticated plant in 1986 with Italian Vamatex Looms and Staubil
 jacquards to make
 fancy jacquard fabrics.  After the tremendous success of this unit a
 second unit was set up in 1993-94 with Japanese Looms and French and
 Wast German equipment to manufacture Velour de Lyons (Fine Velvets). 
 The Company's range of products is augmented by sourcing
 complimentary
 cheaper fabrics on a job work basis.  The Company is the sole buying
 agent for woven and knitted menswear and leather garments for M/s.
 Casket Plc a GBP 100 Million turnover leading garment importer in
 U.K.  The Company also acts as buying agents and exporters to Savile
 Row
 trading Co., Hawkshead and Mc Bride Fashions in U.K.  The company is
 in the process of expanding its activity in North America Australia &
 Europe.
 
 2007
 
 -The company has issued rights in the ratio of 1:1 at a premium of
 Rs.0/- Per Share.
 
 
 2008
 
 - The Company had made a Preferential Issue of 3,50,000 Equity Shares
 and 40,00,000 Warrants issued at a issue Price of Rs. 32.15 per
 Warrant.
 
 
 2010
 
 - Company's Surat Plant at Kosamba has become fully operational and
 its full impact on top line and bottom line will be reflected in the
 4th quarter of the current financial year.
 
 - The Company has been successful in procuring orders for the
 production of its Surat Plant from well known brands from
 international markets. The new products find usage for bridal and
 evening wear market in the US.
 
 2011
 -Registered Office of the Company has been shifted From 11 -Mehta
 Chambers, Kalyan Street, P.D'mello Road, Masjid Bunder Road (E),
 Mumbai - 400 009, To E 27-29, Adi Marzaben Street (Manglore Street),
 Ballard Estate, S. Bhagat Singh Road, Mumbai - 400 038.
 
 2012
 
 - The Board of Directors of the Company, has decided to declare
 Interim Dividend for the year @ 25% i.e. Rs. 2.50 per share on
 78,90,660 Equity Shares of Rs. 10/- each amounting to Rs.
 1,97,26,650/-.
 
 -Orbit Exports has given the Bonus in the Ratio of 1:2
Source : Dion Global Solutions Limited
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