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Lakshmi Mills Company Ltd logo

Lakshmi Mills Company Ltd

NSE: LAKSHMIMIL BSE: 502958

₹7688.30

(8.29%)

Thu, 12 Mar 2026, 10:26 am

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Company History

1910

  • The company was incorporated at Coimbatore with the main objective of manufacturing cotton yarn, staple fibre yarn and cloth under the trade name Lakshmi Mills.

1947

  • 24,000 bonus shares were issued in the proportion 1:1 and 23,282 partly paid shares were made fully paid by capitalisation of reserves.

1948

  • 71,282 A bonus shares were issued in the proportion 1:1.

1957

  • 71,282 shares of Rs. 50 each and 71,282 A shares of Rs. 25 each were issued at rights at par in the proportion 1:1.

1966

  • 2,13,000 A equity bonus shares were issued in the proportion 1:1 equity and 1:2 A equity.

1977

  • Coimbatore Cotton Mills Ltd. was amalgamated with the company effective from the close of business on 30th November.

1979

  • 36,000 No. of equity shares of Rs. 50 each and 36,000 A equity shares of Rs. 25 each were allotted without payment in cash to the members of Coimbatore Cotton Mills Ltd.

1981

  • Authorised capital was reclassified and bonus equity shares were issued in the proportion 1:1.

1983

  • The company issued non-convertible debentures for Rs. 3.75 crores.

1984

  • 7,47,000 No. of equity shares of Rs. 50 each were consolidated into 3,73,500 shares of Rs. 100 each.

1986

  • IDBI sanctioned a loan of Rs. 2.60 crores under the textile modernisation fund.
  • United Bleachers Ltd., Mettupalayam became a subsidiary of the company with effect from 31st March.

1989

  • The Company took up a substantial modernisation programme, replacing 72 old NMM looms with new high production Lakshmi-Ruti looms.
  • A favourable monsoon resulted in stable raw material and a good market for staple fibre yarn and cloth, contributing to higher profits.

1990

  • Due to a strike by the workers, profitability declined.
  • 8 nos. autoconers and high volume cotton testing instruments were imported to cater to the needs of the export market.

1991

  • The Company offered 78,435-15% partly convertible debentures of Rs. 800 each.
  • Profitability was adversely affected due to the steep rise in cotton prices and changes in Government policies.

1992

  • 90,200 No. of equity shares were allotted in conversion of debentures on 27.10.1992.
  • Profitability was adversely affected due to continued recession, poor offtake, unremunerative prices, political disturbances and a strike by workmen.

1994

  • 2,31,850 shares were allotted as bonus shares.

1995

  • The company imported a new Trutzschler Blow Room Machine along with 20 second hand Trutzschler high production cards and second hand Autoleveller draw frames.
  • Profitability was seriously affected due to additional interest burden from the implementation of the modernisation scheme.

1996

  • The company entered into an agreement with M/s. Das Lagerway Wind Turbines Ltd. for use of power generated in 40 Wind Turbines.

2005

  • The Company recommended a dividend of 10% for the year.

2006

  • The Company forayed into the readymade garments segment with the launch of its own western casual wear brand, Tyche Life.
  • The Company recommended a dividend of 15% for the year.

2007

  • The Company designated an e-mail ID for the grievance redressal division/compliance officer.

2008

  • The Company recommended a dividend of 5%.

2009

  • The Company recommended a dividend of Rs. 5 per equity share of Rs. 100 each.

2010

  • The Company recommended a dividend of Rs. 9 per equity share of Rs. 100 each.

2011

  • The Company recommended a dividend of Rs. 9 per equity share of Rs. 100 each.

2013

  • The Company recommended a dividend of Rs. 12 per equity share of Rs. 100 each.

2014

  • The Company recommended a dividend of Rs.15 per equity share of Rs. 100 each.

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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