1954 - The company was incorporated as a limited company on 6th
September, and took over the assets and liabilities of M/s.
Aaron Spinning and Weaving Ltd. The main objective of the
company is to manufacture of cotton yarn (30s to 60s count)
cotton fabrics (mull, long cloths, poplin, cambric and dyed
1992 - In order to keep up with the constant demand of upgradation
quality, the Company replaced its existing transformer with a
unit having a inbuilt boster to boost the voltage by 28%.
installed a solar unit for heating boiler feed water.
1993 - The Company has installed 7 ring frames, 2 carding machines,
felt calendering machine, a scouring & bleaching machine and
transformer. The Company has also installed a effluent
- 1,63,493 Bonus equity shares issued in prop. 1:1.
1994 - Under the modernisation scheme, the Company has commissioned,
ring frames, 2 carding machines, 2 JT-10 bleaching machines,
2 Ruti `C' looms and an auto coner.
1995 - The Company as a part of its modernisation programme,
96 Ruti C looms, in addition to modernisation of its spinning
- 13,07,952 bonus shares issued on 28.8.1995 in prop. 4:1.
on 16.10.1995, 16,34,940 bonus shares issued in prop. 1:1.
1996 - The Company has installed 2 carding machines, 400 cards cans,
LR Draw Frames with Auto levellers, 1 imported auto concer
16 Ruti C looms,
- During June the Company made a public issue of 20,04,000
shares of Rs. 10 each at a premium of Rs. 25 per share of
2,00,000 shares were reserved for allotment to Indian Mutual
Funds but no application was received. 2,50,000 shares were
reserved for NRIs, of which 3,01,700 were allotted. 1,28,500
shares were allotted to financial institutions and bankers
43,000 shares to Indian banks. Balance 16,31,000 shares
with the unsubscribed portion above were issued to the
(all were taken up).
-Western India Cottons has designated E-mail ID for Investors