Addi Industries Ltd
NSE: BSE: 507852
₹79.50
+5.10 (6.85%)
Sat, 24 Oct 2026, 11:54 am
Market Cap (in Cr)85.89
PE Ratio35.56
Dividend0
Process Industries
Textiles
24.5KAddi Industries Ltd Company History
1980
- The company was initially incorporated as a private limited company.
1985
- The company was incorporated as a private limited company and converted into a public limited company on 25th September.
- The company set up a manufacturing facility at Ludhiana in Punjab and undertook to set up another factory at NOIDA.
1986
- Commercial production commenced on 1st November.
- 1,20,000 equity shares were allotted to promoters, directors, their friends, etc.
- 11,30,000 equity shares were offered at par, of which 3,80,000 shares were reserved and allotted to promoters, directors, etc.
- The balance of 6,77,500 shares, along with the unsubscribed portion of 41,500 shares, were offered for public subscription during January-February and were taken up.
- Additional 2,50,000 shares were allotted to retain oversubscription.
1987
- The name of the company was changed to Addi Industries Ltd. from Addi Krafts Ltd.
- The company amalgamated units, including Addi Worsted Ltd., which commenced on 1st March, 1988.
1988
- The company embarked upon an expansion cum diversification programme.
- The company amalgamated units, including Addi Fashions Pvt. Ltd., Addi Worsted Ltd., and Addi Woollens Ltd.
- 80,154 equity shares were allotted in March without payment in cash to members of the amalgamating companies.
1989
- The performance in terms of turnover profitability and growth in business was highly satisfactory.
- 9,17,500 shares were issued at par to promoters in conversion of loans.
1990
- The company undertook a cotton spinning project to install 25,536 spindles.
1991
- The 'tow to top' converter plant was installed.
- Machineries imported for woollen/cotton knitting unit were installed and commercial production commenced.
- A dyeing plant with a capacity of 3,500/4,000 kgs per day was installed for knitted fabric at Sikandrabad.
1992
- Sales declined due to political unrest and economic problems.
1993
- The dyeing unit at Ghaziabad was commissioned.
- The company issued 19,55,691 12.5% secured fully convertible debentures of Rs. 102 each on rights basis.
- 18,84,597 equity shares were allotted.
2004
- The company recommended 10% dividend at Rs 0.50 per equity share of Rs 5 each fully paid up.
- The company approved the sub-division/splitting up of the existing equity shares of Rs 10 each fully paid-up into 2 equity shares of Rs 5 each fully paid-up.
2005
- The company recommended payment of 10% dividend at Rs 0.50 per equity share of Rs 5 each fully paid up.
2006
- The Board of Directors appointed Shri. C L Jain as Chairman and Managing Director of the company.
2007
- The company designated an E-mail ID of the grievance redressal division/compliance officer for the purpose of registering complaints by investors.
2010
- The company recommended dividend at 5% equivalent to Rs. 0.50 per share on the paid up share capital of the company.
2021
- The company approved the scheme of Amalgamation of AumTexfab Private Limited with Addi Industries Limited.
