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| 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
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| Source : Dion Global Solutions Limited | |
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