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Maris Spinners Ltd.

BSE: 531503 | NSE: | Series: NA | ISIN: INE866D01010 | SECTOR: Textiles - Spinning - Cotton Blended

BSE Live

Aug 02, 11:21
78.90 3.30 (4.37%)
Volume
AVERAGE VOLUME
5-Day
24,262
10-Day
28,409
30-Day
33,461
14,374
  • Prev. Close

    75.60

  • Open Price

    79.00

  • Bid Price (Qty.)

    78.05 (5)

  • Offer Price (Qty.)

    78.90 (179)

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)

Maris Spinners is not listed on NSE
Company History - Maris Spinners
HISTORY, MAIN OBJECTS AND PRESENT BUSINESS OF THE COMPANY 
 
 Maris Spinners Limited was originally incorporated as a 
 Private Limited company on 18.9.1979.  The Company became a 
 deemed Public Limited Company under Section 43A(1A) of the 
 Companies Act, 1956 from 1.7.1994.  Consequently the name of 
 the Company was changed to Maris Spinners Limited by 
 deleting the word 'Private', and a fresh Certificate of 
 Incorporation was issued on 9.2.1995.
 
 The Company presently manufactures 100% cotton carded yarn 
 of counts 30s, and 40s for weaving, knitting and handlooms. 
 The Company's spinning unit is located in Kattemalalavadi 
 village, Hunsur taluk, Mysore District, Karnataka.  Maria 
 Spinners Limited has a sound track record of productivity, 
 and has been producing high quality yarn for the domestic 
 market.  
 
 The Company was incorporated on 18.9.1979 and the orders for 
 plant and machinery were placed in December 1979. The 
 construction work began in February 1980 and erection of 
 machinery was over by December 1980.  The commercial 
 production began in March 1981, i.e.  about seventeen months 
 from the date of incorporation, which is less than the 
 average time taken to set up a spinning unit of its size.  
 
 The Company commenced commercial production in 1981 with an 
 installed capacity of 11,856 spindles.  Since its inception, 
 the Company has undertaken regular expansion and 
 modernisation programmes to increase capacity and 
 productivity.  The present capacity of the spinning unit is 
 24,672 spindles.  The stages of capacity expansion are as 
 under:
 
 Year                Capacity (Spindles) 
 1981                11,856 
 1986                17,616 
 1991                19,128 
 1992                24,672 
 
 In 1994, the Company set up two Wind Turbine Generators 
 (WTGs) at Muppandal, Kanya Kumari District, Tamil Nadu.  The 
 Company has also completed installation of three more WTGs 
 in March 1995.  The installation of WTGs was part financed 
 by Indian Renewable Energy Development Agency Limited 
 (IREDA) to the extent of Rs. 145.80 lakhs through its 
 Equipment Finance Scheme.  
 
 Past labour problems:
 
 a) Members belonging to one union went on a strike on 
 9.5.1987 and the strike was called off on 6.7.1987 
 
 b) There was a strike by a section of workmen on 21.7.1987. 
 The Company declared a lock out on 22.7.1987 and the unit 
 was re-opened on 9.12.1987
 
 2014 
 
 -Board has recommended a dividend of 10% for the year 2014.
 
 2015
 
 -Maris Spinners Ltd has proposed to declare a dividend of 10%.
 
 2016
 -Maris Spinners Ltd has informed that Mr. A Hari Govind has been
 appointed as a Director