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Ginni Filaments Ltd.

BSE: 590025 | NSE: GINNIFILA |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE424C01010 | SECTOR: Textiles - Spinning - Cotton Blended

BSE Live

May 28, 10:58
6.30 0.04 (0.64%)
Volume
AVERAGE VOLUME
5-Day
1,293
10-Day
3,318
30-Day
3,254
205
  • Prev. Close

    6.26

  • Open Price

    6.30

  • Bid Price (Qty.)

    6.26 (450)

  • Offer Price (Qty.)

    6.49 (455)

NSE Live

May 28, 10:58
6.30 0.10 (1.61%)
Volume
AVERAGE VOLUME
5-Day
10,822
10-Day
17,228
30-Day
30,529
4,006
  • Prev. Close

    6.20

  • Open Price

    6.20

  • Bid Price (Qty.)

    6.30 (704)

  • Offer Price (Qty.)

    6.45 (1171)

Company History - Ginni Filaments
YEAR                                                           
 EVENTS
 1982 - The Company was incorporated on 28th July, as a public
 limited
        company and obtained the certificate of commencement of
 Business  
        on 10th September.  It was promoted by J.K. Bhagat.  The main
 
        objective of the company is to manufacture cotton yarn.
 
      - The Company undertook to set up a 100% export oriented unit
 for
        the manufacture of cotton combed yarn of fine counts.
 
      - The plant and machinery were to be procured from Lakshmi
 Machine
        Works, Ltd., Coimbatore, Rieter Machine Works, Switzerland,
        Volkmann GmbH & Co. and W. Schlathorst & Co. West Germany.
 
 1990 - 1,00,000 No. of equity shares subscribed for by the
 promoters,
        directors, etc. 91,50,000 equity shares issued at par of
 which
        57,50,000 shares reserved and allotted as follows:
 
      - (i) 60,000 shares to promoters, Indian residents directors,
 etc.;
 
      - (ii) 10,30,000 shares to the Promoters' Associate Companies;
 
      - (iii) 10,00,000 shares to the SBI Mutual Fund and
 
      - (iv) 36,60,000 shares to non-resident Indian/persons residing
        abroad.
 
      - Out of the remaining 34,00,000 shares 4,57,000 shares offered
 on
        a preferential basis to the employees (including working
        (directors)/workers of the Company and the promoter companies
        (only 16,800 shares taken up).  The balance 29,42,500 shares
        together with the unsubscribed 4,40,700 shares of the
 employee's
        quota offered for public subscription during June 1990.
        Additional 5,10,000 shares allotted to the public to retain
        oversubscription.
 
 1991 - The Company undertook an expansion/diversification project to
        enhance the spinning capacity by 10,224 spindles.
 
      - The Company undertook the scheme for installation of some
        balancing equipments and twisting machines.
 
 1992 - 39,04,000 rights shares issued (prem. Rs. 25 per share; prop.
        40:100).  Another 600 shares (prem. Rs. 25 per share allotted
        to employees).
 
 1994 - 20,60,000 No. of equity shares of Rs. 10 each fully paid up
 were
        allotted to the Foreign Institutional Investors and Mutual
 Fund
        by way of private placement on preferential basis on an
 average
        premium of Rs. 51.54 per shares.  53,354 warrants were also
        allotted to the present promoters, employees by way of
 private
        placement on preferential basis.
 
 1995 - The Company proposed to set up a 100% Export Oriented Unit
 for
        manufacturing cotton yarn and knit fabric with an installated
        capacity of 80,640 spindles and 18 knitting machines at
 Gujarat.
 
 1996 - The Company proposed to expand the capacity by installing a
        Rotor Spinning Machine for spinning coarser count of cotton
        yarn.
 
 2000
            
 -Dr. H.P. Bhattacharya has been appointed as the Director of the
 company and Mr. Shishir Jaipurai has been appointed as the Managing
 Director effective from October 30.
 
 2005
 
 -The Company set up a knit process house
 
 2006
 
 -The Company ventured into Nonwoven Consumer Products
 
 -The Company installated rotor 
 
 2007
 
 -The Company ventured into Spunlace Nonwoven.
 
 -The Company ventured into Consumer products made from spunlace
 fabric.
 
 -Ginni Filaments Ltd has appointed Shri Sandeep Gupta as Nominee
 Director of IFCI on the Board of the Company w.e.f. 28th July, 2007
 in place of Shri Ashwani Kumar Sharma.
 
 -Ginni Filaments Ltd has appointed shri S. Singhvi as Compliance
 Officer in place of Shri D.C. Gupta.
 
 2009
 
 - Ginni Filaments Ltd has appointed Shri. S. Singhvi as Director
 (Finance) and Shri. R. R. Maheshwari as Director (Marketing &
 Business Development).
 
 2011
 
 -Ginni Filaments Limited has appointed Shri Saket Jaipuria as
 Wholetime Director designated as Executive Director.