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Kakatiya Textiles Ltd.

BSE: 521054 | NSE: | Series: NA | ISIN: INE092E01011 | SECTOR: Textiles - Spinning - Cotton Blended

BSE Live

May 19, 16:00
3.25 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
229
10-Day
567
30-Day
638
150
  • Prev. Close

    3.25

  • Open Price

    3.25

  • Bid Price (Qty.)

    3.32 (2208)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Kakatiya Textiles is not listed on NSE
Company History - Kakatiya Textiles
Kakatiya Textiles Ltd was incorporated in the year 1981 with a
 licensed capacity of 25000 spindles. The unit is located at
 Nallabandagudem Village- 508 206, Nalgonda District;
 Andhrapradesh.There was a change in the management of the company in
 the year 2006. Now, the company is under the control and management
 of Sri Sumanth Ramamurthi. Sri Sumanth Ramamurthi has more than 3
 decades of experience in Textiles and Engineering Industries and he
 is also the Managing Director of Super Spinning Mills Ltd. 
 
 1981 - The Company was incorporated on 26th August, and was promoted
 by
        K. Sudeesh, T.V. Surya Prasad for manufacture of cotton yarn.
        The Company's objects is to manufacture and sale of cotton
 yarns
        of different counts.
 
 1991 - 9,30,000 No. of equity shares of Rs.10 each issued,
 subscribed
        and paid-up.  (Of which 8,46,800 shares to promoters and 
        83,200 shares to APIDC).
 
 1992 - 9,30,000 Rights equity shares of Rs.10 each issued in prop.
 1:1.
 
 1993 - The company charted out a two phase
 expansion-cum-modernisation
        programme with a view to enhance the quantity as well as
 quality
        of product.  It undertook to expand the capacity to 15,360 
        spindles, and modernise certain facilities, instal new ones
 such
        as auto-cones and twisters to ensure competitiveness in the
        international markets.
 
      - Capacity of spindles was increased to 14400 from 9600 nos.
        Another 960 spindles were to be added during 1994-95.
 
      - 39,50,600 No. of equity shares of Rs.10 each were issued for
        cash at par of which 2,00,600 No. of equity shares reserved
 for
        allotment on preferential basis to promoters, friends etc.
        Balance 37,50,000 shares offered for public subscription
 during
        March, (all were taken up).
 
 1994 - A set of imported E7/5 cumbers and fully automatic yarn
 dyeing
        plant were installed.  It was proposed to import auto coner
 and
        two for one twisters to meet the export markets.
 
 1996 - The Company installed another 2016 spindles thereby
 increasing
        the total spindleage to 18,144.
 
 2005
 
 -Edelweiss Capital Ltd (Manager to the Offer) on behalf of Mr. L G
 Ramamurthi & Mr. Sumanth Ramamurthi (Acquirers), has issued this
 Public Announcement (PA), pursuant to Regulation 10 & 12 in
 compliance with the Securities & Exchange Board of India (Substantial
 Acquisition of Shares & Takeovers) Regulations 1997 and subsequent
 amendments thereto [SEBI (SAST) Regulations] as below: The Acquirers
 are making an Open offer to the public shareholders of Kakatiya
 Textiles Ltd (Target Company) to acquire 11,53,720 Equity Shares
 ('Shares') of Rs 10/- each representing 20% of the voting capital of
 the Target Company at a price of Re 1/- per Share (Offer Price)
 payable in cash (Offer) subject to the terms & conditions.
 
 2008
 
 -Kakatiya Textiles Ltd has appointed Mr. Sumanth Ramamurthi as the
 Managing Director (MD) of the Company with effect from May 30, 2008.