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Subhash Silk Mills Ltd.

BSE: 530231 Sector: Industrials
NSE: N.A. ISIN Code: INE690D01014
BSE LIVE 11:59 | 07 Sep 12.25 0.28
(2.34%)
OPEN

12.25

HIGH

12.25

LOW

12.25

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 12.25
PREVIOUS CLOSE 11.97
VOLUME 9
52-Week high 12.25
52-Week low 10.48
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 12.25
Sell Qty 81.00
OPEN 12.25
CLOSE 11.97
VOLUME 9
52-Week high 12.25
52-Week low 10.48
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 12.25
Sell Qty 81.00

Subhash Silk Mills Ltd. (SUBHASHSILK) - Company History

Subhash Silk Mills (SSML) was incorporated on 6 Nov.'70, and promoted by Dharamlal Mehra and Ved Prakash Mehra of the Mehra group. Other group companies include Subhash Exports, Excellent Holdings, Taranga Holdings, Subhash Knitting, Subhash Trading, etc. SSML is headed by chairman Ved Prakash Mehra and managing director Subhash Mehra. The company came out with a Rs 6.6-cr public issue (premium : Rs 40) in Mar.'95 to expand grey cloth manufacturing facilities, shift the existing factory from Andheri, Mumbai, to Sajgaon in Khapoli, and to reduce the work force by offering a voluntary retirement scheme (VRS) to bring down the wage cost per metre. The total fund requirement was estimated at Rs 15.40 cr. SSML manufactures fashion fabrics, dress material and jacquards. It also manufactures shirts and ties and markets them under the brand name Cameo. It exports its products to the Gulf countries, mainly Saudi Arabia. The company is under lockout since 9th March, 1998. The lock-out declared by the company at its Saki-naka unit continued during the year 1999-2000. The company has made a reference to the BIFR which has been completed.