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Texmo Pipes and Products Ltd.

BSE: 533164 | NSE: TEXMOPIPES |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE141K01013 | SECTOR: Plastics

BSE Live

Sep 25, 16:00
13.99 0.86 (6.55%)
Volume
No Data Available
21,215
  • Prev. Close

    13.13

  • Open Price

    13.51

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Sep 25, 15:40
14.05 0.75 (5.64%)
Volume
AVERAGE VOLUME
5-Day
51,884
10-Day
66,324
30-Day
59,711
104,377
  • Prev. Close

    13.30

  • Open Price

    13.75

  • Bid Price (Qty.)

    14.05 (3500)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Texmo Pipes and Products
Our Company started as a partnership firm under the name Shree Mohit
 Industries on May 13, 1999.
 The constitution of the partnership firm was changed from time to
 time and in the year 2008, the
 partners as on that date viz. Ms Rashmidevi, Mr. Sanjay Agrawal, Mr.
 Vijay Prasad Pappu, Mr.
 Mohanlal Shah, Mr. Rajesh Agrawal, Mr. Mehmood Khan and Mr. Ananda
 Nago Umale agreed to
 convert the business of the firm into a public limited company under
 the name and style of Texmo
 Pipes and Products Limited under Section 566 of the Companies Act,
 1956. A fresh certificate of
 incorporation and Certificate of Commencement of business was issued
 on July 3, 2008 and July 28,
 2008 respectively by Registrar of Companies, Madhya Pradesh &
 Chhattisgarh.
 
 To consolidate our operations, we have signed Business Transfer
 Agreement (BTA) on August 5, 2008
 and August 6, 2008 for purchase of specified assets and liabilities
 of our three promoter group entities
 viz. Shree Balaji Industries, Shree Venkatesh Industries and Shree
 Padmavati Irrigation Private
 Limited. The salient features of this Agreement are disclosed on page
 no. 81 of this Red Herring
 Prospectus.
 
 Shree Mohit Industries started its operations in the financial year
 1999-2000 with manufacturing of
 PVC pipes viz. rigid PVC pipes, PVC casing & screened pipes and
 caping and casing pipes. In the
 financial year 2001 it started manufacturing riser and plumbing pipe,
 conduit pipe and PLB HDPE
 Cable Duct. Subsequently in the year 2003 they started manufacturing
 suction & delivery hose pipe,
 elastomeric sealing ringfit PVC Pipe (Gasket Pipe), SWR Pipe, HDPE
 plain pipe, sprinkler pipe and
 drip irrigation system.
 
 Presently, we are engaged into manufacturing of wide range of PVC,
 HDPE and suction hose pipes
 viz. suction & delivery hose pipe, rigid PVC pipes, elastomeric
 sealing ringfit PVC Pipe (Gasket
 Pipe), PVC casing and screen pipes, SWR pipe, riser and plumbing
 pipe, conduit pipe, caping casing
 strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable
 duct and drip irrigation
 system. The pipes manufactured by our Company suits the requirements
 of application in
 agriculture, potable water supply schemes, sewerage and drainage
 systems, construction industry,
 telecom industry, bore well for underground water suction, etc.,
 ranging in sizes from 20 mm
 diameter to 315 mm diameters in all pressure ratings.
 
 Major events of our Company
 
 Financial Year                                        Event
 
 1999- 2000                        Started as a partnership firm under
 the name Shree Mohit Industries. The
                                           partnership deed was signed
 on May 13, 1999 between Ms. Rashmidevi
                                           Agrawal, Mr Sanjay Agrawal
 and Master Mohit Agrawal
 
                                           Started manufacturing Rigid
 PVC pipes, PVC Casing and Screen pipes and caping casing pipes 
 
                                           The partnership deed dated
 May 13, 1999 was dissolved and a new
                                           partnership deed dated
 August 1, 1999 was signed between Mr. Sanjay
                                           Agrawal, Ms. Abhadevi, Ms.
 Rashmidevi Agrawal and Master Mohit Agrawal.
 
 2000- 2001                       Received our first ISI licenses from
 The Bureau of Indian Standard to use the
                                          standard mark i.e. ISI.
  
 2001- 2002                       Started manufacturing Riser and
 Plumbing pipe, Conduit Pipe, PLB HDPE Cable Duct 
 
                                           The partnership deed dated
 August 1, 1999 was dissolved and a new
                                           partnership deed dated
 April 1, 2001 was signed between Ms. Rashmidevi
 
                                           Agrawal, Mr. Sanjay Agrawal
 and Master Mohit Agrawal
 
                                           Accredited with
 ISO-9001:2000 certification in respect of our quality
                                           management systems from SGS
 United Kingdom Limited
 
 2003- 2004                        Our permanently lubricated HDPE
 were approved by Bharat Sanchar Nigam
                                           Limited, Bangalore.
 
                                           Started manufacturing
 suction & delivery hose pipe, elastomeric sealing ringfit
                                           PVC Pipe (Gasket Pipe), SWR
 pipe, HDPE plain pipe, sprinkler pipe and drip
                                           irrigation system
 
 2005- 2006                        Maharashtra Jeevan Pradhikaran
 enlisted our firm as an approved supplier of
                                           specified PVC pipes
 
 2006- 2007                        Government of Maharashtra enlisted
 our firm for supply of specified pipes for
                                           Jalswarajya Project
 
 2007- 2008                       Gujarat Water Supply and Sewerage
 Board approved our Company as the
                                          approved manufacturer
 (vendor) for supply of UPVC Casing and Screen pipes.
 
                                          The partnership deed dated
 April 1, 2001 was dissolved and a new partnership
                                          deed dated June 25, 2008 was
 signed between Ms Rashmidevi Agrawal, Mr.
                                          Sanjay Agrawal, Mr. Vijay
 Prasad Pappu, Mr. Mohanlal Shah, Mr. Rajesh
                                          Agrawal, Mr. Mehmood Khan
 and Mr. Ananda Nago Umale
 
 2009              
 
 -Converted into a Public Limited Company under the name Texmo Pipes
 and Products Limited
                                         
 -Received Certificate of Incorporation
 
 -Received the Certificate of Commencement of Business 
 
 -Commissioning of Unit 2 at Bahadarpur Road, Buharanpur, Madhya
 Pradesh.
 
 2011
 
 -Commencement of the commercial production.
 
 -Formation of the Wholly Owned Subsidiary Company of Texmo Pipes and
 Products Limited.
 
 2012
 
 -Texmo Pipes conferred with Bhamashah Award from Govt of MP.
 
 2013
 -Texmo Pipes & Products appointed Smt. Rashmi Devi Agrawal as
 additional director.
 
 2014
 -Texmo Pipes & Products - Award of new Orders worth Rs. 60.91 Crore.
 -Texmo Pipes and Products Ltd. has informed that commercial
 production of one of the most prestigious and much awaited project of
 CPVC Pipes and Fittings has been started.