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Supreme Tex Mart Ltd.

BSE: 531934 Sector: Industrials
NSE: SUPREMETEX ISIN Code: INE651G01027
BSE LIVE 19:40 | 19 Oct 3.13 0.06
(1.95%)
OPEN

3.30

HIGH

3.39

LOW

3.05

NSE 19:31 | 19 Oct 3.15 0
(0.00%)
OPEN

3.05

HIGH

3.25

LOW

3.05

OPEN 3.30
PREVIOUS CLOSE 3.07
VOLUME 10105
52-Week high 7.07
52-Week low 2.85
P/E
Mkt Cap.(Rs cr) 21
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3.30
CLOSE 3.07
VOLUME 10105
52-Week high 7.07
52-Week low 2.85
P/E
Mkt Cap.(Rs cr) 21
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Supreme Tex Mart Ltd. (SUPREMETEX) - Company History

Incorporated in Oct.'88 as a private limited company, Supreme Woollen Mills was converted into a public limited company in Apr.'89 and later on changed to its present name i.e. Supreme Yarns Ltd. It was promoted in joint sector by Ram Lal Gupta, Sanjay Gupta and Ajay Gupta alongwith the Punjab State Industrial Development Corporation (PSIDC). For setting up a 4000 spindles the company entered a MOU with PSIDC but the same was not commenced due to unfavourable market situtations. Later on the company approached IDBI for term lending and in turn bank also awarded the term loan in March,1995. It has undertook the project and completed it successfully by expanding the capacity to 11,520 spindles in its Kanganwal,Ludhiana plant. The company came out with a public issue of 40 lac equity shares of Rs 10 each for cash at par aggregating Rs 400 lac in Apr.'96, to part-finance its project. In 2002-03 the company expanded its capacity by 14464 spindles taking the total capacity to 25984. This project was part financed by way of Equity capital of RS.200 lacs on preferential basis.