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Kandagiri Spinning Mills Ltd.

BSE: 521242 | NSE: KANDAGIRI | Series: NA | ISIN: INE292D01019 | SECTOR: Textiles - Spinning - Cotton Blended

BSE Live

Oct 13, 16:00
14.70 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
33
10-Day
441
30-Day
524
10
  • Prev. Close

    14.70

  • Open Price

    14.70

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    14.70 (240)

NSE Live

Jan 23, 15:31
70.20 0.00 (0.00%)
Volume
No Data Available
3
  • Prev. Close

    70.20

  • Open Price

    78.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Kandagiri Spinning Mills is not traded on NSE in the last 30 days
Company History - Kandagiri Spinning Mills
 
 Kandagiri Spinning Mills Limited (KSML) was incorporated on 5th
 May, 1976 under The Companies Act, 1956 under the name of The
 Ammapet Sizing Mills (P) Limited.  Later on the name was
 changed to Kandagiri Spinning Mills (P) Limited pursuant to
 special resolutions passed on 17th April, 1978.  The change of
 name was approved by the Central Government under Section 21 of
 the Act and a fresh Certificate of Incorporation dated 15th
 July, 1978 was obtained.  The word Private was deleted under
 the provisions of Section 43 A (2) of the Act with effect from
 1st January, 1989 and the Company has become full fledged Public
 company with effect from 21st November, 1992.  The company
 commenced commercial production in 1979 with an Installed
 Capacity of 3260 Spindles.
 
 The spindlage has been increased by utilising internal accruals
 and borrowings over the years as under.
 
      Year                Installed Capacity
 
      1983                     10400
      1986                     18700
      1988                     23500
      1991                     24652
      1993                     28492
      1994                     33212
 
 As on 07/09/1994 the Company has an Installed Capacity of 38012
 Spindles.
 
 The company earlier contemplated approaching the capital market
 in April 1993 by way of PCD issue, which was deferred due to the
 disruption of the capital market due to bomb blast in Bombay.
 
 2005
 
 -The Company has recommended a dividend of Rs 3.50/- per share of
 face value of Rs 10/-.
 
 2006
 
 -The Company has recommended a dividend of Rs 5 per share of face
 value of Rs 10.
 
 2007
 
 -The Company has recommended a dividend of Rs 5 per share of face
 value of Rs 10 each.
 
 2008
 
 -The Company has recommended a dividend of Rs 2 per share of face
 value of Rs 10 each.
 
 2011
 
 -The Company recommended a final dividend of Rs. 2 per equity share
 of Rs. 10 each.
 
 2012
 -The Board has inducted Sri S. Gnanasekharan, as an independent
 director.
 
 2014
 -Sri S. Vijay Shankar has been designated as Chief Financial Officer
 of the Company.