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Suryalakshmi Cotton Mills Ltd logo

Suryalakshmi Cotton Mills Ltd

NSE: SURYALAXMI BSE: 521200

₹59.50

(0.64%)

Sun, 31 May 2026, 09:49 am

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Company History

1962

  • Suryalakshmi Cotton Mills Limited was incorporated in August.

1985

  • A new unit with an installed capacity of 10,080 spindles was established at Amanagallu in Andhra Pradesh.

1987

  • 30,000 No. of equity shares were issued without payment in cash and 2,61,626 No. of equity shares were issued as bonus shares.

1993

  • 5,63,256 bonus shares were issued in prop. 1:1.

1994

  • The Company undertook a project to diversify into the manufacturing of denim.
  • The Company embarked on the second phase of modernisation.
  • 22,53,024 bonus shares were allotted in prop. 2:1.

1995

  • The Company undertook to set up the first phase of the Denim project to produce 10.20 million metres of Denim fabric at Ramtek, Maharashtra.
  • The Company worked out a modernisation programme for Mahaboobnagar unit.

1996

  • The Company entered into new markets viz., Israel, Columbia, Tunisia, Russia etc.
  • The Company issued 50,70,000 rights equity shares.
  • 40,56,000 No. of equity shares were issued at a premium of Rs. 40 per share through prospectus.

2005

  • Suryalakshmi Cotton Mills has given the Bonus in the Ratio of 1:1

2006

  • Suryalakshmi Cotton Mills Ltd has allotted 14,28,300 equity shares of Rs 10 each at a price of Rs 245 a share to Unit Trust of India Investment Advisory Ltd.

2008

  • Sri. Sunil Kumar Kolangara - Director- Private equity, UTI Ventures, has been nominated as a Director on the Board.

2009

  • IFCI Ltd. has nominated Sri. V S V Rao as its Nominee Director.

2010

  • Suryalakshmi allots Rs 150 crore for expansion; to enter power sector.

2011

  • The Board of Directors of the Company has recommended an Interim Dividend of 10% i.e., Re. 1 per share.

2012

  • The Company's 25 MW Captive Power Plant at its Denim Division near Ramtek has commenced operations.

2013

  • The Company has recommended a dividend of Rs. 2.00 per share.

2014

  • Suryalakshmi Cotton Mills has recommended a Dividend of Rs. 1.20.