Company History - Mohota Industries
The Rai Saheb Rekhchand Mohota Spg & Wvg Mills, Fax No. 022 -2081556
was established as early as 1898, as a proprietory concern by
Mr.Rekhchand Mohota which was convened into partnership firm over a
period of time. To professionalise the management and to obtain a
corporate status the Mill was converted into Private Limited Company
Subsequently on 15/09/1988 it became a Deemed Public Limited Company
under Section 43(IA) of the Companies Act and it was converted into
full fledged Public Company vide Special Resolution passed on
26.09.1994. The Company set-up a Spinning, Weaving and Processing
Unit at Hinganghat (Maharashtra State) . Since inception the company
is run by members of Mohota family till date.
The Mill started its operations with an installed capacity of 12,000
Spindles and 200 Looms for manufacturing of cotton yarn & fabric and
over decades efforts were made to modernise the Mill or Works in
order to gear up the qualitative standards of its output to match
with the International Standard. For last 14 years, the Company has
been constantly upgrading its Mills under different modernisation
schemes and the installed capacity of the Unit has been gradually
increased to the present level of 46,688 Spindles and 455 Looms. The
Company has established its sales through its Agents in various parts
of India in order to eater directly to the domestic consumers. The
fabrics and yarn
are well received by the domestic consumers. The company has
established its depots at various prominent centres of textile trade
i.e at Bhiwandi, Bombay and at Ichalkaranji.
The company's proposed modernisation project involves a capital
outlay of Rs.1,588/- lakhs which is being financed by IDBI, under
it's Asset Credit Scheme, public issue and internal accruals. This
would result in increasing the product mix capacity and also enlarge
the facilities tor value addition.
- Chairman of the Company Shri Girdhardasji Mohota expired on May 10,
-Company has informed that e-mail ID of the grievance redressel
division for the purpose of registering complaints by investors has
been given is ,email@example.com.
-Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd has
appointed Shri. Pavan Poddar and Shri. Sudhir Rathi, as an Additional
Directors of the Company with effect from August 28, 2008.
-Board has recommended a Final Dividend of Rs.0.05per share of
-Rai Saheb Rekhchand Mohota Spg. & Wvg. Mills has announces bonus in
the ratio of 2:1
-The Company has allotted the Bonus Shares to its shareholders in the
Ratio of 1:6.