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Laxmi Cotspin Ltd.

BSE: 538411 Sector: Industrials
NSE: LAXMICOT ISIN Code: INE801V01019
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Laxmi Cotspin Ltd. (LAXMICOT) - Company History

Laxmi Cotspin Limited was incorporated in Maharashtra as Mauli Cotspin Private Limited on October 7 2005 under the provisions of the companies Act 1956 with certificate of incorporation dated October 19 2005 issued by Registrar of Companies. Subsequently the name of the company was changed from Mauli Cotspin Private Limited to Laxmi Cotspin Private Limited and a fresh certificate of incorporation dated October 12 2007 issued by Registrar of Companies. Further the company was converted into a Public Limited Company pursuant to special resolution passed at the extraordinary general meeting of the company held on February 7 2011 and the name of the company was changed to Laxmi Cotspin Limited and a fresh certificate of incorporation dated March 7 2011 issued by Registrar of Companies.The company is engaged in the business of cotton processing in textile industry with the production facilities located in cotton growing areas of Marathwada and Vidarbha region at Samangaon which is situated in the Jalna district of state of Maharashtra. The company is manufacturer of yarn and has also an existing open end and ring-spinning unit to cater to the yarn markets in Maharashtra and Gujarat. The companies business is spread among home textiles weaving sector Denim Manufactures and hosiery Manufactures through open end yarn and ring spun yarn. The company believes that they are manufacturing premium quality 100% cotton combed and carded hosiery/ warp conventional organic and BCI yarn in count range of 30s Ne to 40s Ne for the purpose of exporting to Asian and European countries.The company was established in year 2006 with a capacity of 13200 spindles with combers in the first phase. Over the years the company has expanded upto 16800 spindles with compact lycra and slub attachment and has also set up one open end unit with 1200 Rotors. The company also believes that the company has established a strong customer base and good marketing setup.The company has also started its own Organic Cotton Farming Project and Better Cotton (BCI) Project in Jalna District with 4750 farmers in 13200 acre of cultivation land and yield capacity of initially 55000 quintals Kapas (11000 BCI certified own ginned cotton bales). Further the company has expanded upto 40000 bales per crop seasons in near future.The company plant is equipped with fully automatic dust and pollution modern colour contamination removal and yarn conditioning system. The company was approved as Mega Project under IPS Scheme 2007 of Maharashtra state Government and is therefore enjoying the same for 8 years and the Mega project status was extended for us for another 4 years.The companies operation is supported by modern testing instruments for installed in its quality assurance laboratory includes UT-5 (Uster Switzerland) HVI Single Yarn Tester Aqura process Control Management (Premium India).