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Katare Spinning Mills Ltd
NSE: BSE: 502933
₹98.55
(4.73%)
Mon, 21 Sept 2026, 00:49 am
Market Cap (in Cr)28.09
PE Ratio0
Dividend0
Process Industries
Textiles
24.5KCompany History
1980
- The company was incorporated on 8th August at Solapur in Maharashtra.
- The company was promoted by Tulsidas T. Katare and his family.
- The company set up a spinning mill with an installed capacity of 25,088 spindles at Tamalwadi.
1983
- 6,000 spindles were installed by January.
- The company undertook to set up a new spinning unit with 12,500 spindles for synthetic yarn manufacture.
- 99,890 shares were taken up by promoters and directors, and 27,50,110 shares were issued at par.
- 13,80,000 shares were offered to the public, with 1,91,950 shares taken up.
1987
- The company entered into an agreement to purchase land to set up a hotel and received financing from financial institutions.
1990
- 7,168 spindles were installed and commissioned.
1995
- The company established a proposed knitting unit to utilize the quality yarn produced by the company.
2008
- The company created email IDs for the grievance redressal division and compliance officer.
- The company allotted 21,50,000 convertible equity share warrants on a preferential basis.
2013
- The Board recommended a proposed dividend of 10%.