Suryalata Spinning Mills Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

Suryalata Spinning Mills Limited (SSML) was incorporated on May 23, 1983 in Hyderabad. The Company is engaged in producing the best quality of Synthetic Yarns like 100% Polyester (PSF) Yarns, 100% Viscose (VSF) Yarns, PSF & VSF Blended Yarns and Value Added Yarns like Slub Yarns, Elite Twist and Two for One Twist Yarns (T F O) etc., suitable for suitings, shirtings and knitting.Currently, the Company has two manufacturing units with a total capacity of 69,408 spindles at Kalwakurthy and Urkondapet. The Company is having total installed capacity of 1,19,280 spindles and 8 Nos Vortex Spin machines. Altogether produces the quantity about 90 MTs per day.SSML commenced commercial production in 1986-87. In May 92, the company came out with zero-interest fully convertible debentures to part-finance the cost of setting up another plant as well as to modernise the existing one. As on 31 Mar.95, it had an installed capacity of 25,077 ring spindles and 672 rotors. The modernisation of the Kaluakurthy unit was completed. The company undertook an expansion programme at Kaluakurthy and Ramtek to install 6048 spindles and 3600 spindles respectively at a cost of Rs 10 cr. During 1997-98 the modernisation and expansion programme at its two units at Kalwakurthy & Ramtek was completed an schedule and started operating on expanded capacity. The expansion programme for the year 2000 to increase the spindleage by 12000 No has been completed at Kalwakurthy and Ramtek. In 2002-03 the company undertook modernisation of its plant at an estimated outlay of Rs.733.15 lakhs. The modernisation project is being funded by way of Term loans from UCO bank under the TUF and the balance through contribution by promoters and internal accurals.

1983 - The Company was incorporated on 23rd May as a public limited
company and obtained the Certificate of Commencement of Business
on 1st June. It is a subsidiary of Suryavanshi Spinning Mills
Ltd., Hyderabad and was promoted by L.N. Agarwal. The main
objective of the company is to manufacture of yarn.

- The Company undertook to set up a spinning mill at Kalwakurthy,
a notified backward area in the Mahabubnagar district of Andhra
Pradesh. Industrial licence was obtained for installation of
17,312 spindles and 1,699 rotors for manufacture of yarn.

1988 - Authorised capital reclassified and increased. 20,000 No. of
equity shares offered at par to the public in January 1989.

1989 - To overcome the power situation, one 750 KVA diesel generator
set was installed.

- Licence was received for the setting up of one more spinning
unit in Bangalore, Karnataka with a licensed capacity of 24,960
spindles and 670 rotors for manufacture of cotton and man-made
fibre yarns.

1991 - Authorised capital increased.

1992 - The Company undertook the modernisation of its Kalwakurthy Unit
with a cost of 700 lakhs by adding most modern machinery like
Autocone Winders, RSB Daw Frames etc.

- 13,80,000 shares allotted (prem. Rs. 15 per share) in conversion
of zero interest fully convertible debs.

1993 - Installation of 7,200 spindles was in progress and these were
expected to go into commercial production by October.

1994 - Company has taken up expansion programme to install additional
6048 and 3600 spindles at its Kalwakurthy and Ramtek Units
respectively
.
2003

-Suryalata Spinning Mills Ltd allotted 70250 Cumulative Redeemable Preference Share of Rs 100 each.

2004

-Suryalata Spinning Mills Ltd has informed that the BoD of the Company at its meeting held on January 19, 2004 has allotted 25,000 Cumulative Redeemable Preference Shares (CRPS) of Rs. 100/- each aggregating to Rs. 25,00,000.

2005

-Suryalata Spinning Mills has given the Bonus in the Ratio of 1:2

-The company recommends dividend @ 18%

2006

-The company recommends dividend @ 20%

2007

-Suryalata Spinning opens New Plant at Urukondapet, Andhra Pradesh

-Suryalata Spinning has designated E-mail ID for Investor Complaints: [email protected]

2010

-The company recommends dividend @ 20%

2011

-The company recommends dividend @ 30%

2012

-The company recommends dividend @ 15%

2013
-Suryalata Spinning Mills Ltd has Recommended the Dividend on the Equity Shares of the Company at the rate of 15% on the face value of Rs. 10/- each i.e. Rs. 1.50. per each share

2014
-Suryalata Spinning Mills Ltd has recommended a dividend of Rs. 1.50 per share