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Company Information

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SKS TEXTILES LTD.

05 February 2024 | 12:00

Industry >> Textiles - Readymade Apparels

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ISIN No INE507Y01016 BSE Code / NSE Code / Book Value (Rs.) -152.20 Face Value 10.00
Bookclosure 27/09/2018 52Week High 17 EPS 0.00 P/E 0.00
Market Cap. 4.50 Cr. 52Week Low 12 P/BV / Div Yield (%) -0.09 / 0.00 Market Lot 1,000.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was incorporated as S K S Textiles Private Limited on 20th October 1997, under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 111406. The status of the Company was changed to a public limited company and the name of the Company was changed to S K S Textiles Limited by a special resolution passed on August 21, 2017. A fresh certificate of incorporation consequent to the change of name was granted to the Company on September 08, 2017 by the Registrar of Companies, Mumbai. The Corporate Identity Number of the Company is U17000MH1997PLC111406. S K S Textiles Limited is an ISO 9000:2015 certified Company engaged in the business of Textile Manufacturing and Trading. The Company is engaged in the manufacture of grey fabrics and finished fabrics for shirting, suiting, and other accessories for its own brand and also on outsthecing basis for other fabric / garment companies. We have an installed capacity of 3,25,000 mtrs / month for manufacture of various fabrics from natural and man-made fibres specializing in 100% cotton, Giza, Supima, cotton blended fabrics, polyester viscose and polyester cotton. the Company procures Yarn and process it into Grey Fabric and further processes it into finished fabric as per the client's requirement. We manufacture various fabrics like 100% Cotton - Lycra and Non-Lycra, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed , Polyester Viscose, Terry Rayon Suiting and Mock Linen under the brand names - Pierricarrlo, Cotbbelly's and Earthen Belly. The Company also undertakes corporate orders for Finished Fabrics and Grey Fabrics for corporate brands such as Raymond, Arvind, Siyaram's, Digjam Limited, Ashima, etc. Some of the manufactured products require certain processing like dyeing, value additions etc. which are outstheced to third parties and the finished goods from such third parties are directly sent to the Packing and Storage unit. The manufacturing unit is located at Sonale, Bhiwandi in Maharashtra and majority of the manufactured goods are dispatched from this unit itself. We also have a Packing and Storage unit at Kalher, Bhiwandi in Maharashtra and we dispatch the traded goods and certain outstheced processed goods from this unit. MAJOR EVENTS 1997 - Incorporated under Companies Act, 1956 as S K S Textiles Private Limited 2004 - First manufacturing Unit started at B/4 Prithvi complex, Mouje Kalher, Taluka Bhiwandi. With installed capacity of 2 lac mtrs per month. - Began Production for the 1st owned brand - Pierricarlo 2005 - Began Production for the 2nd owned brand - Cotbelly's - Began production of 100% Cotton Fabrics 2007 - Began Production for the 3rd owned brand - Earthen Belly 2010 - Shifted the registered office from 105/107 Tamba Kanta, Ground Floor Mumbai to 116, Kewal Industrial Estate, 1st Floor, Senapati Bapat Marg, Lower Parel (W), Mumbai 2012 - Purchase of new technology machinery for manufacture of cotton fabric - Increase in manufacturing capacity from 2,00,000 metres / month to 3,25,000 metres / month 2015 - Entered into agreement with Raymond Limited for manufacturing of its fabrics under their name - Shifted the registered office from 116, Kewal Industrial Estate, 1st Floor, Senapati Bapat Marg, Lower Parel (W), Mumbai to Gala No. 431, Kewal Industrial Estate, 4th Floor, Senapati Bapat Marg, Lower Parel (W), Mumbai - 400 013 2017 - Changed the name and status of the Company to S K S Textiles Limited. - Received ISO 9001:2015 certificate for Design and Manufacturing of all types of Fabrics. 2024 -SKS Expands its Global SEC Capacity with Acquisition of Mehler EP's Martinsville Plant Assets.