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Shri Lakshmi Cotsyn > Company History > Textiles - Processing > Company History of Shri Lakshmi Cotsyn - BSE: 526049, NSE: SHLAKSHMI
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Shri Lakshmi Cotsyn

BSE: 526049|NSE: SHLAKSHMI|ISIN: INE851B01016|SECTOR: Textiles - Processing
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Shri Lakshmi Cotsyn is not traded in the last 30 days
Shri Lakshmi Cotsyn is not traded in the last 30 days
Company History - Shri Lakshmi Cotsyn
2005
 
 -The Company has tied up with the Dubai-based Global Impact to sell
 half of the 20 million metre of denim fabric that will be annually
 produced at its new plant in Uttar Pradesh.
 
 -The Company is setting up a new plant as per an investment plan
 worth Rs 264 crores 
 
 -  Company has changed its name from Shrivatsa International Ltd. to
 Shri Lakshmi Cotsyn Ltd                                              
      
                                               
 2006
 
 -Shri Lakshmi Cotsyn forms JV with UK based Company.
 
 -The Company has appointed Mr J V Rao as an Independent Director of
 the Company.
 
 2007
 
 -The Company raises US$ 10 million.
 
 -The Board recommended the dividend @ 20% (Rs 2/- per Equity Share of
 Rs 10/- each).
 
 2008
 
 -The Company Launches India's first eco-friendly textile brand
 WEAVES.
 
 -Commissioning of state-of-art garment factory with capacity of 6.6
 million pieces p.a. at Roorkee, Uttaranchal.
 
 -Further Expansion with the diversification into new product lines -
 Nylon coated fabric - 1.25 MMPA.
 
 2009
 
 -The Board of Directors of the Company has recommended a Dividend of
 20% (i.e. Rs. 2/- per share).
 
 -The Company commenced the production of 360 degree protected
 armoured vehicle.
 
 -The Company aquired a unit at noida to manufacture comforters to
 produce 3 pieces.
 
 2010.
 
 -The Company has enhanced Terry Towel Capacity from 3000 TPA to 15000
 TPA.
 
 -The company has commenced its part commercial production of the new
 spinning unit with the installed Capacity of 10,000 spindles.
 
 -M/s Shri Lakshmi Defence Solutions Ltd., a wholly owned subsidiary
 of Shri Lakshmi Cotsyn Ltd has entered into an agreement with
 Ukrinmash, a State Foreign Trade and investment firm of Ukraine for
 the supply of 100 nos. armored vehicles.
 
 2011
 
 -Expansion of Denim as well as diversification in flex fabric.
 
 -The company recommended a Dividend of 30% (i.e. Rs. 3/- per share)
 on equity share of the Company.
 
 2012
 
 -The company has recommended a Dividend of 10% (i.e. Rs. 1/- per
 share).
 
 
 
Source : Dion Global Solutions Limited
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