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Shree Manufacturing Company Ltd.

BSE: 503863 Sector: Industrials
NSE: N.A. ISIN Code: INE632A01012
BSE LIVE 12:49 | 07 Nov 4.98 0.23
(4.84%)
OPEN

4.98

HIGH

4.98

LOW

4.98

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 4.98
PREVIOUS CLOSE 4.75
VOLUME 100
52-Week high 5.00
52-Week low 4.72
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4.98
CLOSE 4.75
VOLUME 100
52-Week high 5.00
52-Week low 4.72
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shree Manufacturing Company Ltd. (SHREEMFGCO) - Company History

Shree manufacturing Company was incorporated in Nov.'76 to take over the assets and liabilities of Indian Copper Corporation (ICCL). ICCL was nationalised in 1972 by the Government of India and ICCL was paid a compensation of Rs 7.50 cr. Initially, the company was engaged in investment business. Subsequently, it set up a spinning mill with 15,840 spindle-capacity for the manufacture of synthetic blended yarn, in the Medak district of Andhra Pradesh. Commercial production commenced in Apr.'84. The Company issued 287000 12% Cumulative Redeemable Preference Shares of Rs. 100/- each to ICICI Ltd., in lieu of outstanding term loan of 2.87 crores on private placement basis. The Company has become a Sick Company as its accumulated losses have exceeded its net worth. The company enter into an agreement with SBI,the operating agency for OTC of their dues.