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Pasupati Spinning and Weaving Mills Ltd.

BSE: 503092 | NSE: PASUPATSPG | Series: NA | ISIN: INE909B01020 | SECTOR: Textiles - Spinning - Synthetic Blended

BSE Live

Nov 29, 11:00
22.00 1.00 (4.76%)
Volume
AVERAGE VOLUME
5-Day
483
10-Day
1,001
30-Day
971
250
  • Prev. Close

    21.00

  • Open Price

    21.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    22.00 (274)

NSE Live

Dec 27, 11:22
11.00 0.00 (0.00%)
Volume
No Data Available
1,100
  • Prev. Close

    11.00

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Pasupati Spinning and Weaving Mills is not listed on NSE
Company History - Pasupati Spinning and Weaving Mills
The company was incorporated on 13th August, 1979 and the cerificate
 of commencement of business was obtained on 10th September.  It was
 promoted by Jain Group.  The main objective of the company is to
 manufacture of staple and synthetic blended yarns in
 various counts and blends.
 
 1982 - 7,80,000 shares taken up by promoters etc. and 2,00,000 shares
 allotted to Haryana Govt. through their agent HSIDC.  9,70,000 shares
 offered at par for public subscription during January.
 
 1986 - 82,500 No. of equity shares issued at par in conversion of
 unsecured loan.
 
 1987 - The Company installed 14 more ring frames along with balancing
 equipments.  It was also proposed to install additional 4 ring
 frames.
 
 1988 - The workers of the factory went on strike on 27th January, and
 resumed work on 10th February, after negotiations.
 
 1989 - Effective steps were taken to implement the scheme of
 expansion of spinning capacity by 960 spindles and installation of
 some equipments/machines by way of modernisation of the existing
 manufacturing facility.
 - The Company proposed to install 24 looms for the manufacture of
 Terry Towel for 100% export.
 
 1991 - During October, the Company issued 2,03,252 - 14% secured
 redeemable partly convertible debentures of Rs. 250 each on rights
 basis in the proportion of 10 debentures: 100 equity shares held. 
 Additional 30,488 debentures were allotted to retain over
 subscription.
 - Another 10,160 - 14% partly convertible debentures were offered to
 the employees of the Company on an equitable basis.  Only 290
 debentures were taken.  The unsubscribed debentures were allowed to
 lapse.
 - Part A of Rs. 125 of each debenture will be converted into 5 No. of
 equity shares of Rs. 10 each at a premium of Rs. 15 per share on the
 expiry of 6 months from the date of allotment.
 - Part `B' of Rs. 125 of each debenture will be redeemable at par in
 3 instalments at the end of 7th, 8th and 9th years respectively from
 the date of allotment of the debentures.
 
 1992 - Due to late delivery of machines the implementation of
 expansion scheme was delayed.  Machinery started arriving from July.
 - The Company has decided to expand the Capacity by further 12,480
 spindles of polyester viscose knotless yarn.
 - During the Company has promoted a new project in the name of
 Pasupati Taoru Ltd. for implementing 100% Export Oriented Project for
 manufacture of Terry Towel.
 
 1993 - 11,70,150 shares allotted on conversion of 14% PCD's allotted
 in 1991.
 
 1994 - 23,53,856 shares allotted on conversion of 15% partly
 convertible debentures allotted in 1993. 15,00,000 No. of equity
 shares of Rs. 10 each allotted to promoters through excise of
 warrants of which Re. 1 called & Paid-up.
 
 1995 - During the year the Company became self sufficient in power by
 installing its own power generation capacity.  The Company has entered
 into contracts with foreign buyers for export of 30% of its sewing
 thread production.
  - The Company undertook expansion of its capacity for manufacture of
 synthetic blended yarn by adding 1920 spindles along with other
 balancing equipments.  Company is also expanding its 100% cotton yarn
 EOU capacity from 12,096 spindles to 28,224 spindles.
 
 1996 - During the Company has diversified into the manufacture of
 100% polyester sewing thread and installed a new unit a village
 Kheri, Dist. Sirmour, Himachal Pradesh with 13440 spindles.