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Atlas Jewellery India Ltd.

BSE: 514394 Sector: Consumer
NSE: N.A. ISIN Code: INE022N01019
BSE 00:00 | 23 Jun 30.35 1.05
(3.58%)
OPEN

28.05

HIGH

31.00

LOW

28.05

NSE 05:30 | 01 Jan Atlas Jewellery India Ltd
OPEN 28.05
PREVIOUS CLOSE 29.30
VOLUME 15168
52-Week high 69.70
52-Week low 22.20
P/E 189.69
Mkt Cap.(Rs cr) 305
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 28.05
CLOSE 29.30
VOLUME 15168
52-Week high 69.70
52-Week low 22.20
P/E 189.69
Mkt Cap.(Rs cr) 305
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Atlas Jewellery India Ltd. (ATLASJEWELLERY) - Company History

Atlas Jewellery India Ltd was incorporated on May 31 1989. The Company is engaged in the business of domestic retail and export trade of gold jewellery and other precious metal ornaments. The jewellery has three subsets consisting of gold diamonds and others. It opened two retail showrooms in Mumbai (Vashi) and Bangalore (Phoenix Mall) and is doing well in the retail market. During FY 2014-15 the Board of Directors of Company with approval of shareholders allotted 50000000 equity shares of face value of Rs. 10/- each fully paid up at a price of Rs 20 per equity share [inclusive of a share premium of Rs. 10 per equity share] to M. M. Ramachandran a Promoter Group of the Company on preferential allotment basis. Subsequent to said allotment the paid up capital of the Company increased to Rs. 100654533 and shareholding of promoter group increased to 51.30%.The Promoters M.M. Ramachandran and ATLAS Jewellery Private Ltd have been facing significant liquidity issues in the year under review. The promoter himself is in judicial custody for alleged default in repaying bank borrowings. During FY16 ATLAS Jewellery Private Limited is facing financial difficulties and its lender (South Indian Bank) has filed an application before the Debts Recovery Tribunal (DRT) for the realization of their dues. South Indian Bank in their application before DRT has also sought to take possession of the entire shareholding of the Promoter in ATLAS Jewellery India Ltd (AJIL) in FY2016.The Jaipur Stock Exchange Delhi Stock Exchange and Ahmedabad Stock Exchange were de-recognized by SEBI w.e.f. March 23 2015 January 23 2017 and April 02 2018 respectively.