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Modern India Ltd.

BSE: 503015 Sector: Others
NSE: N.A. ISIN Code: INE251D01023
BSE 00:00 | 04 Jun Modern India Ltd
NSE 05:30 | 01 Jan Modern India Ltd
OPEN 46.25
PREVIOUS CLOSE 46.25
VOLUME 10921
52-Week high 57.95
52-Week low 35.30
P/E
Mkt Cap.(Rs cr) 174
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 46.25
CLOSE 46.25
VOLUME 10921
52-Week high 57.95
52-Week low 35.30
P/E
Mkt Cap.(Rs cr) 174
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Modern India Ltd. (MODERNINDIA) - Company History

Incorporated in Oct.'93 as a composite mill in India to manufacture fabric Modern Mills (MML) was taken over by the present management in 1978. M P Jattia is the chairman. It has two plants one in Mahalaxmi Bombay to manufacture textiles; and the second in Hubli Karnataka for food processing. It has also started undertaking real estate business. In 1994-95 3000000 equity shares of Rs 10 were subscribed by and allotted to the promoters. The manufacturing operations of the foods division were suspended. The company is examining the possibilities of restarting the unit if found viable.The company has handed over physical possession to BMC of the plot ear-marked for amenity purposes as required under regulations.During the year 1999-2000 since the net worth of the company has become positive the company was out of the purview of BIFR. The company has also approved the scheme of amalgamation of the subsidiary Agrata Exports Ltd.The company has entered into a joint venture for undertaking the business of conducting and running of a Business Centre from its premises.

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