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
K. Sudeesh, T.V. Surya Prasad for manufacture of cotton yarn.
The Company's objects is to manufacture and sale of cotton
of different counts.
1991 - 9,30,000 No. of equity shares of Rs.10 each issued,
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.
1993 - The company charted out a two phase
programme with a view to enhance the quantity as well as
of product. It undertook to expand the capacity to 15,360
spindles, and modernise certain facilities, instal new ones
as auto-cones and twisters to ensure competitiveness in the
- 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
allotment on preferential basis to promoters, friends etc.
Balance 37,50,000 shares offered for public subscription
March, (all were taken up).
1994 - A set of imported E7/5 cumbers and fully automatic yarn
plant were installed. It was proposed to import auto coner
two for one twisters to meet the export markets.
1996 - The Company installed another 2016 spindles thereby
the total spindleage to 18,144.
-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.
-Kakatiya Textiles Ltd has appointed Mr. Sumanth Ramamurthi as the
Managing Director (MD) of the Company with effect from May 30, 2008.