Nahar Spinning Mills Ltd
NSE: NAHARSPING BSE: 500296
₹204.82
(1.22%)
Wed, 04 Mar 2026, 01:51 am
Market Cap7.41B
PE Ratio35.49
Dividend0.49
Process Industries
Textiles
24.5KCompany History
1980
- The company was incorporated as a Private Limited Company.
- The company established a spinning plant of 1972 spindles at Ludhiana.
1985
- The company made a public issue of equity shares to finance the purchase of additional machinery and augment long-term resources.
1988
- The company took up an expansion-cum-modernisation programme at its spinning and hosiery sections.
1989
- The company issued 9,95,000 Rights shares and 49,750 shares were offered to employees.
1991
- The company undertook to set up a cotton spinning plant of 50,400 spindles at Village Simrai.
1992
- The company proposed to increase the installed capacity of the spinning unit.
- The company promoted Nahar Overseas Ltd. to promote exports in the UK and Europe.
- The company made a Right Issue of equity shares at a premium.
- The company made a Right Issue of 23,06,285 equity shares at a premium of Rs. 190 per share.
1993
- The company received the International Award of excellent performance in Export from the Government of India.
1994
- The company added 9,984 spindles, increasing the spindle capacity to 25,824.
- The company undertook to set up a cyclic fibre plant with a capacity of 18,000 TPA.
- The company decided to set up an Acrylic Fibre Plant with a capacity of 18,000 tones per annum.
- The company joined hands with PSIDC to promote Nahar Industrial Corporation Ltd.
- 7,00,000 equity shares were allotted on exercise of warrants and 29,97,255 rights shares were allotted.
1996
- The company allotted zero-interest secured premium convertible bonds with detachable warrants.
- The company installed 13,104 spindles at Mandideep, increasing the spinning unit's capacity to 64,128 spindles.
1997
- The company allotted equity shares on conversion of bonds and exercise of warrants.
- NSML proposed to set up an 18,000 tpa acrylic fibre plant near Chandigarh.
1998
- The Spinning Unit II received ISO 9002 quality system certification.
2000
- Commercial production began at the Village Jalalpur spinning unit.
- Crisil reaffirmed the AA+ rating and P1+ rating assigned to the company's bonds and CP programme.
2002
- Prof. K S Maini and Ms Monica Oswal were appointed as Additional Directors.
- The company unveiled details of shareholders with more than 5% stake.
2003
- The board approved the acquisition of shares of Nahar Exports and Nahar International Ltd.
2008
- Dr. S K Singla was appointed as Additional Director of the company.
2009
- The company received a Gold Trophy for highest export of Cotton Yarn.
- The company received the highest export award in cotton garment category.
- The company's turnover crossed the Rs. 1000 crore mark.
2010
- The company increased its capacity by adding 90,000 spindles.
- The company received the highest export award in cotton garment category.
2011
- The company received a Gold Trophy for highest export of yarns having count 50 and below.
- The company received a Bronze Trophy for highest export of processed yarns.
2013
- Nahar Spinning recommended a dividend of 20% for the financial year 2012-2013.
2014
- The company recommended a dividend of 20% for the financial year 2013-2014.
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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