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Arnav Corporation Ltd.

BSE: 531467 Sector: Others
NSE: N.A. ISIN Code: INE647D01014
BSE LIVE 15:51 | 20 Jan 2.78 -0.05
(-1.77%)
OPEN

2.78

HIGH

2.78

LOW

2.78

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 2.78
PREVIOUS CLOSE 2.83
VOLUME 54934
52-Week high 4.37
52-Week low 1.25
P/E
Mkt Cap.(Rs cr) 24.86
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.78
Sell Qty 3701637.00
OPEN 2.78
CLOSE 2.83
VOLUME 54934
52-Week high 4.37
52-Week low 1.25
P/E
Mkt Cap.(Rs cr) 24.86
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.78
Sell Qty 3701637.00

Arnav Corporation Ltd. (ARNAVCORP) - Company History

Polypro Fibrils (I) was incorporated as a private limited company in Sep.'87. It was originally promoted by Ambrish Chheda and B M Gajjar. The management could not finalise the activity to be undertaken by the company due to their pre-occupations. Therefore, since incorporation there was no specific activity till 1993. After Dec.'92, when D J Chaturvedi joined the Board, the management decided to set up manufacturing units for tarpaulin and synthetic ropes. The present promoters are D J Chaturvedi, Harish Parikh, Parimal Parikh and Ashwin Deepala. The company became a public limited company in Dec.'94. The company set up an integrated plant for manufacturing synthetic ropes (inst. cap. : 1900 tpa) and tarpaulin (inst. cap. : 500 tpa) at Wada, Maharashtra. Commercial production of tarpaulin commenced in Mar.'95. It came out with a public issue of 18,07,000 equity shares of Rs 10 each for cash at par aggregating Rs 180.70 lac, in Dec.'95 to part-finance its project. The company has a buy-back arrangement with MTET, the UAE.