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Swasti Vinayaka Synthetics Ltd logo

Swasti Vinayaka Synthetics Ltd

NSE: BSE: 510245

₹3.60

(4.00%)

Tue, 29 Sept 2026, 03:46 am

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Company History

1981

  • The company was incorporated as a private limited company under the name Rajesh Synthetics Pvt. Ltd.

1984

  • The company set up a plant at Tarapur for the manufacture of cloth.
  • The company issued shares at par and allotted them to promoters, directors, and others.
  • The company offered shares for public subscription.

1985

  • The company issued equity shares as rights in the proportion 2:1.
  • The company issued equity shares to employees.
  • The company's name was changed to Vinayaka Synthetics Ltd.

1986

  • The company implemented the second phase of the Tarapur project.
  • The company installed and commissioned 31 automatic looms with preparatories.
  • The company offered non-convertible debentures to existing shareholders.
  • The company decided to market fabrics under its own brand name 'Vinayaka'.

1987

  • Some balancing equipment was installed.
  • Debentures were allotted on 6th March.

1990

  • The company undertook the work of installing a high-tech process house for synthetic fabrics.
  • Shree Rani Sati Syntex and Shree Ganesh Fabrics merged with the company.
  • The company issued equity shares to the erstwhile shareholders of Shree Ganesh Finance Ltd. and Rani Sati Syntex Ltd.

1991

  • The company launched a new ready-to-wear range of shirts through its first retail outlet.
  • The company's authorised capital was increased.

1992

  • The company's overall performance was affected by the general recession and communal violence.

1993

  • The company issued 12,63,756 rights equity shares in the proportion 1:2.

1994

  • The company focused on developing its garment division and planned to open franchise showrooms.

1995

  • The company bolstered its penetration in the textile market through innovative product introduction and marketing programmes.

1996

  • The company set up 15 new looms at the plants in Tarapur and Palghar.

2005

  • Swasti Vinayaka Synthetics signed an agreement with Bombay Dyeing.

2006

  • The company proposed a dividend at 5%.

2008

  • The company designated an email ID for investor complaints: [email protected]

2012

  • The company proposed a dividend at 5%.

2013

  • The company proposed a dividend of Rs. 0.05 (5%) on 7,00,00,000 equity shares.

2014

  • The company declared a dividend of Re. 0.06 (6%) per equity share.

2021

  • The company issued bonus shares in the ratio of 2:7.