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Mohit Industries Ltd.

BSE: 531453 | NSE: MOHITIND |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE954E01012 | SECTOR: Textiles - Processing

BSE Live

Aug 03, 16:00
15.55 0.05 (0.32%)
Volume
AVERAGE VOLUME
5-Day
4,214
10-Day
5,185
30-Day
8,239
9,077
  • Prev. Close

    15.50

  • Open Price

    15.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Aug 03, 15:50
15.60 -0.10 (-0.64%)
Volume
AVERAGE VOLUME
5-Day
24,051
10-Day
22,048
30-Day
26,018
41,571
  • Prev. Close

    15.70

  • Open Price

    15.05

  • Bid Price (Qty.)

    15.60 (205)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Mohit Industries
BRIEF HISTORY AND BUSINESS OF THE COMPANY
 
 Mr. Narayan Saboo and Mr. Sitaram Saboo promoted Mohit Fibres Private
 Limited on 18th February, 1991. The company was then converted into a
 Public Limited Company i.e. Mohit Fibres Limited and obtained a fresh
 certificate of incorporation on 17th February, 1995 from Registrar of
 Companies, Gujarat at Ahmedabad.  The Company started its activities
 with trading of yarn. In short span of time of three years (i.e.
 92-93 to 94-95) the turnover of the company has increased from
 Rs.4.74 Crores to Rs.13.01 Crores. The profit after tax has increased
 from Rs.0.84 Lacs to Rs.22.82 Lacs. The gross block of the company as
 at 31st March 1992 was Rs.0.49 Lacs and the same is increased to
 Rs.137.66 Lacs as at 31st March 1995. The company is growing slowly
 but steadily and gradually.
 
 PRESENT BUSINESS
 
 The Company has set up a plant for manufacturing weaving cloths at
 village Kudsad, Taluka Olpad, Dist.Surat at a total outlay of
 Rs.94.00 lakhs. The present installed capacity of the same is 8 lakh
 meters p.a. The said unit was part financed by GIIC to the extent of
 Rs.40.25 lakhs.
 The present unit is running at a capacity utilisation of about 94%.
 
 SUBSIDIARIES OF THE COMPANY
 
 The Company does not have any subsidiary.
 
 1996-97:
 During the year, second texturising machine came into operation. The
 polyester industry remained sluggish during most part of the year.
 The price of yarn came down substatially. In spite of this, the
 company could achieve the results in the very first year of
 expansion. 
 
 The company is expanding its operations at Silvassa by establishing
 texturising/twisting unit with a capacity of 2980 MT.
 
 2005
 
 -Mohit Industries Recommended total dividend of 12% 
 
 2006
 
 -Mohit Industries Ltd Issues Rights in the Ratio of 3:2
 
 2010
 
 -Mohit Industries's production of Company's new project Autoclaved
 Aerated Concrete (A.A.C.) blocks has started at Company's Palghar
 plant (Maharashtra).
 
 -Mohit Industries has received order from Larsen & Toubro for supply
 of more than 150000 blocks, the order is worth Rs. 13 million.
 
 -Mohit Industries has successfully commissioned its Gas Based Captive
 Power Plant at its Kim Unit.
 
 2011
 
 -Mohit Industries have recommended a Final Dividend of 15%
 
 2012
 
 -Mohit Industries have received an Order from The Tamil Nadu Handloom
 Weavers Co-Operative Society Limited for supply of 25,00,000 Sarees to
 be completed in the next 2 months. The Total Amount of the Tender
 allocated to the Company is approximately Rs. 30 Crores.
 
 -Mohit Industries bags order worth nearly Rs 100 mn from Tamil Nadu
 Handloom Weavers Co-Operative Society Limited
 
 2013
 
 -Ms. Swati Malu has been appointed as Company Secretary as well as
 Compliance Officer of the Company.
 
 2014
 
 -Mrs. Pragya Memani has been appointed as an additional director in
 the category of Non-Executive Independent Director on the Board of
 Directors of the Company.