No.2126, Road No. 2, GIDC, Sachin, Surat, Gujarat - 394230
Phone: 2399114 Fax: 2397269

Public Issue of 522000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 215.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
13/06/201918/06/2019225.00 -
Lead Managers Registrar Listed at
ARYAMAN FINANCIAL SERVICES LIMITED
GUINESS CORPORATE ADVISORS PVT. LTD.
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot No 31-32, Gachibowli, Financial Dist
,
Hyderabad, Telangana - 500032
Phone: 67162222 Fax: 23431551
BSE
Object of the issue

The objects of the Issue Proceeds (as defined below) of the Issue are:

1. To purchase additional plant and machineries for the existing manufacturing facility at Surat, Gujarat,
2. Setting up of new manufacturing facility to manufacture yarn at Surat, Gujarat,
3. Funding of working capital requirements of the Company,
4. General Corporate Expenses,
5. Issue Expenses.

Project Cost
(Rs. in Crs.)
GENERAL CORPORATE EXPS.0.66
EXPANSION OF MANUFACTURING OPERATIONS10.44
ISSUE EXPENSES0.65
TOTAL COST11.75
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES11.75
TOTAL COST11.75
Promoted by

The Promoters of the Company are :

1. Mr. Dharmesh V Desai
2. Mrs. Bijal D Desai

1. Mr. Dharmesh V Desai : Dharmesh V. Desai, aged 44 years, is the Promoter of the Company and is also the Chairman & Managing Director of the Company. He has completed his Bachelor of Engineering (Mechanical) from NIT Surat, South Gujarat University. He has experience of around nineteen years in the business and industry. Prior to joining the Company he has also worked with Garden Silk Mills Limited as Design Engineer, and with Premier Looms Manufacturers Private Limited as Product Head (TFO division). His functional responsibility in the Company involves handling the overall business affairs of the Company including planning business marketing strategies, capacity expansion, and overall development of the business of the Company. He has been on the Board since the incorporation of the Company.

Passport No. : Z2761433
Driving License : GJ0519930093917
Voters ID : GJ/25/167/360174
PAN : ACCPD6316Q


2. Mrs. Bijal D Desai : Bijal D. Desai, aged 41 years, is the Promoter of the Company and is also the Whole-time Director of the Company. She has experience of around eleven years in the business and industry. She holds a Master’s degree in Science from the Veer Narmad South Gujarat University. She has been on the Board since the incorporation of the Company. She is currently responsible for handling activities related to operation and administration of the Company.

Passport No. : J1257601
Driving License : GJ0519920068341
Voters ID : DMD1160910
PAN : AARPN2041B