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Suryalata Spinning Mills > Company History > Textiles - Spinning - Synthetic Blended > Company History of Suryalata Spinning Mills - BSE: 514138, NSE: N.A
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Suryalata Spinning Mills
BSE: 514138|ISIN: INE132C01027|SECTOR: Textiles - Spinning - Synthetic Blended
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Company History - Suryalata Spinning Mills
YEAR                       EVENTS
 1983 - The Company was incorporated on 23rd May as a public limited
        company and obtained the Certificate of Commencement of
 Business
        on 1st June.  It is a subsidiary of Suryavanshi Spinning
 Mills
        Ltd., Hyderabad and was promoted by L.N. Agarwal.  The main
        objective of the company is to manufacture of yarn.
 
      - The Company undertook to set up a spinning mill at
 Kalwakurthy,
        a notified backward area in the Mahabubnagar district of
 Andhra
        Pradesh.  Industrial licence was obtained for installation of
 
        17,312 spindles and 1,699 rotors for manufacture of yarn.
 
 1988 - Authorised capital reclassified and increased.  20,000 No. of
        equity shares offered at par to the public in January 1989.
 
 1989 - To overcome the power situation, one 750 KVA diesel generator
        set was installed.
 
      - Licence was received for the setting up of one more spinning
        unit in Bangalore, Karnataka with a licensed capacity of
 24,960
        spindles and 670 rotors for manufacture of cotton and
 man-made
        fibre yarns.
 
 1991 - Authorised capital increased.
 
 1992 - The Company undertook the modernisation of its Kalwakurthy
 Unit
        with a cost of 700 lakhs by adding most modern machinery like
        Autocone Winders, RSB Daw Frames etc.
 
      - 13,80,000 shares allotted (prem. Rs. 15 per share) in
 conversion
        of zero interest fully convertible debs.
 
 1993 - Installation of 7,200 spindles was in progress and these were
        expected to go into commercial production by October.
 
 1994 - Company has taken up expansion programme to install
 additional
        6048 and 3600 spindles at its Kalwakurthy and Ramtek Units
        respectively
 .
 2003
 
 -Suryalata Spinning Mills Ltd allotted 70250 Cumulative Redeemable
 Preference Share of Rs 100 each.
 
 2004
 
 -Suryalata Spinning Mills Ltd has informed that the BoD of the
 Company at its meeting held on January 19, 2004 has allotted 25,000
 Cumulative Redeemable Preference Shares (CRPS) of Rs. 100/- each
 aggregating to Rs. 25,00,000.
 
 2005
 
 -Suryalata Spinning Mills has given the Bonus in the Ratio of 1:2
 
 -The company recommends dividend @ 18% 
 
 2006
 
 -The company recommends dividend @ 20%
 
 2007
 
 -Suryalata Spinning opens New Plant at Urukondapet, Andhra Pradesh
 
 -Suryalata Spinning has designated E-mail ID for Investor Complaints:
 cs@suryalata.com
 
 2010
 
 -The company recommends dividend @ 20%
 
 2011
 
 -The company recommends dividend @ 30%
 
 2012
 
 -The company recommends dividend @ 15%
Source : Dion Global Solutions Limited
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