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Sri Lakshmi Saraswathi Textiles (Arni) Ltd.

BSE: 521161 | NSE: | Series: | ISIN: INE456D01010 | SECTOR: Textiles - Spinning - Cotton Blended

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Dec 23, 16:00
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30-Day
538
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Sri Lakshmi Saraswathi Textiles (Arni) is not listed on NSE
Company History - Sri Lakshmi Saraswathi Textiles (Arni)
 Sri Lakshmi Saraswati Textiles (Arni) Ltd. is a Madras based company
 engaged in the manufacture of cotton yarn.
 
 In 1994-95, it earned a sales income of Rs 56.24 crores and profit
 after tax of Rs 2.08 crores.
 
 1996-97:
 
 Production during the year was 49.84 lakhs kgs as against 48.32
 lakhs
 kgs in the previous year.  The quantity and value of sales during
 the
 current year were 51.38 lakhs kgs and Rs. 6553.00 lakhs as against
 48.30 lakhs kgs and Rs. 6131.47 lakhs respectively in the previous
 year.  The increase in production is 3.15% and increase in sale value
 is 6.87%.  During the year the export sales amounted to Rs. 3129.60
 Lakhs as against Rs. 2107.96 lakhs in the earlier year maintaining
 the increasing trend.
 
 The company has therefore prepared a modernisation scheme to be
 implemented at an estimated cost of Rs. 552 Lakhs for which IFCI has
 already sanctioned a Foreign Currency Loan of DM 1,813,237 equivalent
 to Rs. 400 Lakhs. The scheme envisages acquisition of 2 Cards, 2 Speed
 Frames, 1 Cheese Winder and 5 TFOs indigenously and import of I
 Unilap, 3 Combers, 3 Autoleveller Drawframes and 1 Autoconer.  Out of
 the above 1 Cheese Winder and 2 TFOs have already been installed and
 balance equipments will be received and installed shortly.
 
 2003
 
 -The Company recommended a dividend of 15% on the paid up equity
 capital of the company.
 
 2004
 
 -The Company recommended a dividend of 15% on the paid - up equity
 capital.
 
 2005
 
 -The Company has recommended a dividend of 15%.
 
 2006
 
 -The Company has recommended a dividend of 15% for the year.
 
 2007
 
 -The Company created the E-mail ID of the grievance redressal
 division / compliance officer exclusively for the purpose of
 registering complaints by investors.  
 
 2008
 
 -Sri R Sambasivan has been appointed as a Additional Director of the
 Company. 
 
 2014
 
 -Board has recommended a dividend of 10% on the paid-up equity
 capital of the Company for the year 2014.