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RSWM Ltd.

BSE: 500350 | NSE: RSWM |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE611A01016 | SECTOR: Textiles - Spinning - Synthetic Blended

BSE Live

Nov 29, 16:00
415.60 -22.80 (-5.20%)
Volume
AVERAGE VOLUME
5-Day
8,124
10-Day
7,071
30-Day
15,585
10,171
  • Prev. Close

    438.40

  • Open Price

    408.05

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Nov 29, 15:52
417.40 -20.65 (-4.71%)
Volume
AVERAGE VOLUME
5-Day
96,013
10-Day
92,198
30-Day
195,516
87,582
  • Prev. Close

    438.05

  • Open Price

    430.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    417.40 (642)

Company History - RSWM
YEAR                       EVENTS
 1960 - The Company was incorporated on 17th October, at Calcutta. 
 The
        main objective of the company is to manufacture cotton yarn
 and
        cloth, staple and viscose yarn and polyester blended yarn.
 
 1961 - Issued 45,000 No. of equity shares to directors, etc. and
 4,000
        Pref. and 20,000 No. of equity shares to Rajasthan Govt.
 20,000
        Pref. and 1,75,000 No. of equity shares offered to public to 
        October.
 
 1970 - Issued 1,31,449 Bonus equity shares in the prop. 3:10.
 
 1973 - 3,06,716 bonus equity shares issued in the prop. 7:13.
 
 1976 - 2,20,000 No. of equity shares allotted at par to financial 
        institutions on conversion of loans.  10,96,430 bonus equity
        shares were then issued in the prop. 1:1.
 
 1978 - 6,000-9% Pref. shares redeemed.  30,000-11% Pref. shares
 issued
        to GIC and its subsidiaries.  11% Pref. shares redeemable
 during
        1.7.1991/94.
 
 1980 - The company received a letter of intent for the manufacture
 of
        polyester sewing thread with an annual capacity of 120
 tonnes.
        Collaboration agreement was entered into with Zwicky & Co.,
        Switzerland.
 
      - 92,500 equity shares allotted at par to financial
 institutions
        on conversion of loans.
 
 1981 - 7,62,398 bonus equity shares issued in prop. 1:3.
 
 1986 - The Company received registration for a sponge iron project.
        Letters of intent were received for the setting up of;
 
      - (i) a 12,000 spindles worsted spinning project and
 
      - (ii) process house for processing 240 lakh metres of
 suitings,
        shirtings, sarees and dress material.
 
 1987 - The labour trouble of July/September settled down.
 
      - The company undertook another modernisation programme the
        machinery installed including the latest autoconers with
 splicing
        and electronic yarn cleaning arrangements and two for one
        twisters along with latest carding machines.
 
 1990 - 6,912 spindles were added in the Banswara Unit.
 
 1991 - 30,49,593 bonus shares issues in the prop. 1:1.
 
 1992 - The company undertook expansion of spindles of polyester
 viscose
        yarn at Banswara to increase its installations of P/v
 spindles
        from 18,576 to 27,792 nos.  Also another project for
 manufacture
        of P/c yarn was undertaken at Banswara by installing 9,216
        spindles.
 
      - The Company undertook to install 9,216 spindles at Bhilwara
 for
        manufacture of milange yarn.
 
      - Memorandum of Understanding was signed with the Madhya
 Pradesh
        Government for beneficiation of 2000 TPD of rock phosphate
        integrating it to manufacture of single phosphoric acid,
 super
        phosphate and di-ammonium phosphate.
 
      - The Company has entered into a Memorandum of understanding
 with
        RIICO for putting up a Granite Processing Plant in Rajasthan
 and
        has taken four mining leases for granite.
 
 1993 - The company had signed two MOUs with Himachal Pradesh
 Government
        for implementing the 86 MW Malana and 180 MW Allain Duhangan
        projects located in district Kullu in H.P.  The project is
        proposed to be set up as a division of the company.
 
      - Bhilwara Melba De Witte Ltd is a joint venture between the
        company and its Australian and Belgian partners.
 
 1994 - 10,368 spindles on polyester blended yarn were installed and
        commissioned at Kharigram unit.  Later Rieters from
 Switzerland,
        Autoconers from Schlaforst (Germany) and Two-for-One Twister
        from S. Korea were installed.  Also 24 Sulzer weaving looms
 were
        installed.
 
      - The company installed singeing machine from Parex, UK, KD
 Suprema
        from Biella (Italy), Contifit from Menschner (Germany) and
        obtained dyeing technology from S. Korea for manufacture of
        `Mayur' fabrics which matches world best processed fabric.
 
      - The major work was undertaken for setting up a project for 
        manufacture of polyester staple fibre to produce 80,000 TPA.
 
      - The company along with its group company HEG Ltd. and in
        partnership with a US based Cellular company is to promote
        Bhilwara Cellular Ltd.
 
      - The company along with RSW International, Montreal, Canada
        promoted (on a 50:50 basis), a consultancy company with an
        initial equity share capital of Rs. 63 lakhs.
 
      - 60,09,186 bonus shares issued in prop. 1:1.  20,67,875 equity
        shares allotted at a prem. of Rs. 145 per share to promoters;
        directors etc. on preferential basis.  20,67,835 bonus equity
        shares allotted.  Prop. 1:1 as above pref. issue.  35,50,000
        equity shares allotted in private placement basis to
 financial
        Institutions & Mutual Fund.
 
      - The Company has also signed a MOU with M/s. Hydro Quebec
        International, Canada for implmentation of these projects.
 
 1995 - The company has entered into negotiations with Dominion
 Textile
        Inc., Canada, for 51:49 partnership for setting up an
 integrated
        24 mn. mtrs. per annum high value added Denim manufacturing
        facility in Madhya Pradesh.
 
 1996 - The overall performance of the company improved due to higher
        volume of sales, better product-mix and improvement in
        techno-economic parameters despite continuous fluctuation in
 yarn
        prices owing to fall in polyester staple fibre.
 
      - The company was planning to complete expansion plans by
 adding
        9,360 spindles at Melange unit for manufacturing fancy dyed
        cotton yarn and 8 Airjet looms at Gulabpura to take care of
        increased requirement of fabric exports.  The company also
 plans
        to add some two-for-one twisters at Banswara unit to increase
 the
        doubling capacity.
 
      - The Company's strategy of high value added product 
        diversification, it has entered into a 50:50 Joint Venture
 tie-up
        with Australia's leading manufacturer of Automotive
 Furnishing
        fabrics - CALUM AUSTRALIA PTY.  LTD., to manufacture their
        product range in India, with a capacity of 1.8 million. mtrs.
 per 
        annum.
 
 1997 - It was also proposed to install 16 airjet looms at Gulabpura
        besides modernisation of spinning division.  It was also
 proposed
        to implement a balancing scheme and further expansion of
        polyester cotton spinning at Banswara.
 
      - The company set up a separate power division and the power
        division was to set up two power plants of capacity 4.2 MW
 each
        at Gulabpura and Banswara.  These power plants are to be 
        commissioned by May 1993.
 
      - Subject to necessary approvals being obtained the company
        proposed to amalgamate Bhilwara spinners Ltd. with itself.
 
      - The Compny has entered into joint venture agreement with
        $110-million Calum Australia Pvt. Ltd. and $125-million De
 Witte
        Lietaer of Belgium for manufacture of automotive furnishing
        fabrics.
 
 1998 - Malana Power Company Limited the wholly owned subsidiary of
 the
        Company proposes to wheel the power from Himachal Pradesh to
        Rajasthan for captive consumption by the LNJ Bhilwara Group
        Companies.
 
 2000 - The Company has signed separate agreements with NSDL and CDSL
 to
        facilitate all types of investors to hold and trade in the
        company's equity shares in dematerialised (electronic) mode.
 
 2003
 
 -Rajasthan Spg. & Wvg. Mills Ltd. has informed that on request of the
 company for voluntary delisting of its equity shares, the company has
 received communication from The Delhi Stock Exchange Association
 Limited (DSE) that the equity shares of the company have been
 delisted from the stock exchange (DSE) w.e.f. December 29, 2003.
 
 2004
 
 -Rajasthan Spg foray into readymade garments
 
 2006
 
 -Company has changed its name from Rajasthan Spg. & Wvg. Mills Ltd.
 to RSWM Ltd.    
 
 2012
 - Shri Arun Churiwal has been re-appointed as Managing Director.
 
 2013
 -RSWM Ltd has has recommended 100% i.e. Rs. 10/- per share dividend
 on Equity Shares.
 
 2014
 -RSWM Ltd has has recommended 125% i.e Rs. 12.50 per share dividend
 on Equity Shares.