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Western India Cottons Ltd > Company History > Textiles - Spinning - Cotton Blended > Company History of Western India Cottons Ltd - BSE: 532026, NSE: N.A
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Western India Cottons Ltd
BSE: 532026|ISIN: INE078F01017|SECTOR: Textiles - Spinning - Cotton Blended
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Western India Cottons Ltd is not traded in the last 30 days
Western India Cottons Ltd is not listed on NSE
Company History - Western India Cottons Ltd
YEAR                       EVENTS
 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)
 and
        cotton fabrics (mull, long cloths, poplin, cambric and dyed
        casement).
 
 1992 - In order to keep up with the constant demand of upgradation
 of
        quality, the Company replaced its existing transformer with a
        unit having a inbuilt boster to boost the voltage by 28%. 
 Also
        installed a solar unit for heating boiler feed water.
 
 1993 - The Company has installed 7 ring frames, 2 carding machines,
 a
        felt calendering machine, a scouring & bleaching machine and
 a
        transformer.  The Company has also installed a effluent
 treatment
        plant.
 
      - 1,63,493 Bonus equity shares issued in prop. 1:1.
 
 1994 - Under the modernisation scheme, the Company has commissioned,
 3
        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,
 installed,
        96 Ruti C looms, in addition to modernisation of its spinning
        unit.
 
      - 13,07,952 bonus shares issued on 28.8.1995 in prop. 4:1. 
 Again
        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,
 3
        LR Draw Frames with Auto levellers, 1 imported auto concer
 and
        16 Ruti C looms,
 
      - During June the Company made a public issue of 20,04,000
 equity
        shares of Rs. 10 each at a premium of Rs. 25 per share of
 which
        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
 and
        43,000 shares to Indian banks.  Balance 16,31,000 shares
 along
        with the unsubscribed portion above were issued to the
 public.
        (all were taken up).
 
 2008
 
 -Western India Cottons has designated E-mail ID for Investors
 Complaints: wicotton@eth.net
 
Source : Dion Global Solutions Limited
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