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Adinath Textiles Ltd

NSE: BSE: 514113

₹21.52

(-1.96%)

Wed, 04 Mar 2026, 09:19 am

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Company History

1979

  • The Company was incorporated on 16th January at Jullundar (Punjab).

1984

  • The Company was issued a license for 1,200 spindles.
  • The Company proposed to set up a combing project as it held an industrial license for the manufacture of 7,72,600 kgs. of wool tops per annum.
  • An application was made for a license for 9 power looms.
  • All shares were taken up by promoters, directors etc.

1985

  • The Company formulated a modernisation balancing scheme costing Rs.158.25 lakhs.

1986

  • The Modernisation balancing scheme could not be implemented.
  • It was proposed to revise the scheme to increase the top making capacity of the unit by 33% to reduce the company's dependence on outside carding process.

1987

  • The Company received a letter of intent for setting up 6,000 Nos. worsted spindles.
  • The Company proposed to manufacture factory qualities of hand knitting yarn and better quality of hosiery yarns.
  • A detailed scheme was submitted to PSIDC involving a capital outlay of Rs.96 lakhs.

1988

  • 4,400 spindles were installed and commissioned.
  • The Company obtained a license for the setting up of a spinning project for the manufacture of cotton and synthetic yarns with a capacity of 25,000 spindles.
  • 7,20,000 No. of equity shares were issued at a prem. of Rs.5 per share.
  • 1,08,000 shares were allotted to retain oversubscription.

1989

  • The company issued 3,31,200 - 14% secured fully convertible debentures of the face value of Rs.250 each.
  • Rs.125 per debentures out of Rs.250 were converted into 5 No. of equity shares of Rs.10 each at a prem. of Rs.15 per share.
  • 38,08,800 shares were allotted.

1992

  • The Company ventured into new business of manufacturing twisted yarn.

1994

  • The Company proposed to come out of the hosiery segment of acrylic yarn market by diversifying into products like polyester wool, pure wool and polyester viscose yarns suitable for worsted suitings.
  • 35,00,000 No. of equity shares were allotted to promoters on private placement basis.

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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