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.
Production during the year was 49.84 lakhs kgs as against 48.32
kgs in the previous year. The quantity and value of sales during
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.
-The Company recommended a dividend of 15% on the paid up equity
capital of the company.
-The Company recommended a dividend of 15% on the paid - up equity
-The Company has recommended a dividend of 15%.
-The Company has recommended a dividend of 15% for the year.
-The Company created the E-mail ID of the grievance redressal
division / compliance officer exclusively for the purpose of
registering complaints by investors.
-Sri R Sambasivan has been appointed as a Additional Director of the
-Board has recommended a dividend of 10% on the paid-up equity
capital of the Company for the year 2014.