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
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
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
trading Co., Hawkshead and Mc Bride Fashions in U.K. The company is
in the process of expanding its activity in North America Australia &
-The company has issued rights in the ratio of 1:1 at a premium of
Rs.0/- Per Share.
- 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
- 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.
-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.
- 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.
-Orbit Exports has given the Bonus in the Ratio of 1:2