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Addi Industries Ltd logo

Addi Industries Ltd

NSE: BSE: 507852

₹102.50

(1.74%)

Mon, 09 Mar 2026, 00:03 am

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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.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800