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नाहर स्पिनिंग मिल्स > कंपनी इतिहास > Textiles - Hosiery & Knitwear > कंपनी इतिहास का नाहर स्पिनिंग मिल्स - बीएसई: 500296, NSE: NAHARSPING

नाहर स्पिनिंग मिल्स

बीएसई: 500296  |  NSE: NAHARSPING  |  ISIN: INE290A01027  |  Textiles - Hosiery & Knitwear

कंपनी इतिहास - नाहर स्पिनिंग मिल्स
YEAR                       EVENTS
 1980 - The Company was incorporated as a Private Limited Company on
 16th
        December.  The Company was converted into Public Limited
 Company
        on March 31st 1983.  The Company established a spinning plant
 of
        1972 spindles at Ludhiana.  Subsequently, 1,600 spindles out
 of
        these were replaced with new spindles incorporated with
 latest
        technology.  The Company also replaced other machinery of
        spinning plant such as yarn cleaners, humidification plant,
 etc.
 
      - The main objective of the Company is to manufacture Spinning,
        weaving and processing of cotton, jute, silk, hemp, wool,
 hair,
        rayon and other fibrous material.  The company is also
 engaged
        in trading of cloth including furnishing fabrics.
 
 1985 - The main object of the public issue of equity shares during
        August were to provide part of the finance for purchase of
        additional machinery and to augment long term resources for
        future expansion and diversification.
 
      - 1,00,552 shares taken up by promoters, directors, etc., and
        associate companies; 8,94,448 shares then issued at par out
        which the following shares were reserved and allotted:
 
      - (i) 1,08,000 shares in conversion of debts;
 
      - (ii) 1,86,448 shares to promoters, directors, etc. and
 
      - (iii) 42,000 shares to business associates and employees of
 the
        company.
 
      - The balance 5,58,000 shares offered to the public in August.
 
 1988 - The Company had taken up an expansion-cum-modernisation
 programme
        at a total capital outlay in both its spinning and hosiery
        sections.  In the spinning section, 3,200 worsted spindles
        were to be added to the existing capacity of 1,600 spindles.
 
 1989 - In August, 9,95,000 Rights shares issued (prem. Rs. 90 per
 share;
        prop. 1:1).  Additional 1,49,250 shares allotted to retain
        oversubscription.  Simultaneously, another 49,750 shares
 (prem.
        Rs. 90 per share) offered to employees.  Additional 7,462
 shares
        were allotted to employees to retain oversubscription.
 
 1991 - The Company undertook to set up a cotton spinning plant of
        50,400 spindles at Village Simrai in Raisen District of
 Madhya
        Pradesh.
 
 1992 - The Company proposed to increase the installed capacity of
 the
        spinning unit from 50,400 spindles in two phases.  In the
 first
        phase, 25,000 spindles were to be added at Village Simrai,
        Mandideep, while the remaining were to be added in the second
        phase.
 
      - The Company along with other group companies promoted Nahar
        Overseas Ltd., an overseas company with registered office in
 the
        U.K. for promoting exports in U.K., European and other
        neighbouring countries.  The Company was to participate to
 the
        extent of 25%, i.e., US 5,000, in the capital of the
 overseas
        company.
 
      - During May the Company offered 21,96,462 No. of equity shares
 at
        a premium as rights in proportion 1:1.  Additional 3,26,514
        shares were allotted to retain oversubscription.  737 No. of
        equity shares were kept in abeyance.
 
      - Another 1,09,823 No. of equity shares were offered at a
 premium
        to employees, etc., on an equitable basis.  Additional 16,473
        shares were allotted to retain oversubscription.
 
      - 26,49,272 Rights equity shares allotted at a prem. of Rs. 90
        per share.
 
 1992 - The company made a Right Issue of 23,06,285 equity shares of
 Rs.
        10/- each at a premium of Rs. 190/- per share to the existing
        shareholders on Right basis including preferential allotment
 to
        the employees of the company.
 
 1993 - The company has been awarded International Award of excellent
        performance in Export, from Government of India, for the
 year.
 
 1994 - The Company added 9984 spindles thereby increasing the
 spindlage
        capacity to 25,824 spindles.
 
      - As a measure of backward integration, the company undertook
 to
        set up a cylic fibre plant with a capacity of 18,000 TPA at
        village Lalro, near Chandigarh.
 
      - 7,00,000 No. of equity shares allotted on exercise of
 warrants. 
        29,97,255 rights shares allotted to shareholders & employees.
 
 
      - The Company has decided to set up an Acrylic Fibre Plant with
 a
        capacity of 18,000 tones per annum.
 
      - The company has joined hands with Punjab State Industrial
        Development Corporation (PSIDC) for promoting a new company
 in
        the name of NAHAR INDUSTRIAL CORPORATION LTD, for the
 development
        of Industrial Estate/Industrial Park.  The Memorandum of
        understanding has also been signed.
 
 1995 - 6,688 No. of equity shares kept in abeyance were issued.
 
 1996 - On 23rd March, the Company had allotted 34,22,452 - zero
 interest
        secured premium Convertible Bonds of Rs. 250 each with
        detachable warrants as follows:
 
      - 24,15,220 bonds to the existing shareholders of the Company
 (all
        were taken up).  Remaining 10,02,027 bonds were allotted to
 the
        underwriters and the balance 5,205 bonds were kept in
 abeyance.
        Accordingly 16,40,135 No. of equity shares were allotted on 
        conversion of bonds.  The company also allotted 34,17,247 No.
 of
        equity shares on the exercise of right attached with the
        warrants.
 
      - As on 31st March, the Company had installed 51,024 spindles. 
 The
        company installed 13,104 spindles at Mandideep, M. P. 
 Thereby
        increased the installed capacity of the spinning unit at
        64,128 spindles.
 
      - The company made a Right Issue of 34,22,452 Zero Interest
 Secured
        Premium Convertible Bonds of Rs.250/- each with detachable
        Warrant aggregating to Rs. 8226.130 Lakhs to the existing
        shareholders of the company.
 
 1997 - The company has allotted 16,40,135 Fully paid equity shares
 on
        the conversion of Bonds into equity shares.  Likewise the
 company
        has also allotted 34,17,247 equity shares on the exercise of
        right attached with the Warrants.
 
      - NSML had proposed to set up an 18,000 tpa plant near
 Chandigarh
        for the production of commercial standard acrylic fibre.
 
 1998 - Spinning Unit II of the company has also been awarded 
        certification under ISO 9002 quality system.
 
 2000 - Commercial production on the part of machinery of 100%, EOU, 
        spinning unit which is being installed at Village Jalalpur.
 
      - Crisil has reaffirmed the AA+ rating, assigned to the Rs
 26.38
        crore secured premium convertible bonds and the P1+ rating
        assigned to the Rs 20 crore CP Programme of Nahar Spinning
 Mills.
 
 2002
 
 -Appoints Prof. K S Maini and Ms Monica Oswal as the Additional
 Directors of the company.
 
 -Unveils company holding details of more than 5% stake of the
 company.
 
 2003
 
 -Board approves for the acquisition of shares of Nahar Exports and
 Nahar International Ltd.
 
 2008
 
 - Nahar Spinning Mills Ltd has appointed Dr. S K Singla as Additional
 Director of the company w.e.f. June 30, 2008.
 
 
 2009
 
 - The Cotton Textiles Export Promotion Council (TEXPROCIL) awarded
 Gold Trophy for highest export of Cotton Yarn (Counts 50s and below)
 Highest export in cotton garment award by apparel export promotion
 Council.
 
 - Turnover crosses Rs.1000 crore mark. Highest export in cotton
 garment award by apparel export promotion Council. 
 
 
 2010
 
 - Increase capacity by adding another 90000 spindles. 
 
 - Highest export in cotton garment award by apparel export promotion
 Council.
 
 
 2011
 
 - Gold Trophy for highest export of yarns having count 50 & below in
 yarn category.
 
 - Bronze Trophy for highest export of processed yarns in yarn
 category.
 
 2013
 
 -Nahar Spinning has recommended Dividend @ 20% i.e. Rs. 1.00 per
 equity share of Rs. 5.00 each for the financial year 2012-13.
 
 2014
 
 -Company has  recommended dividend @ 20% i.e. Rs. 1.00 per equity
 shares of Rs. 5/- each for the financial year 2013-2014.
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `5,024 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `248 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `10 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `162 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1358 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `1205 Cr की बिकवाली की
  • CLSA ON NIFTY 50 : सितंबर के निचले स्तर से बाजार में मजबूती का रूख
  • CLSA ON NIFTY 50 : निफ्टी 12118 के पार निकला तो 13,800 तक पहुंचना संभव
  • HSBC ON RELIANCE IND : BUY रेटिंग, लक्ष्य बढ़ाकर `1700/Sh
  • MACQUARIE ON IGL : Neutral रेटिंग, लक्ष्य बढ़ाकर `420/Sh

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