COMPANY PROFILE
Sri Nachammai
Cotton Mills Limited (SNCM) was incorporated in March 1980 as a wholly owned
subsidiary of "The Jawahar Mills Limited".
The assets of the Chettinad unit of the Jawahar Mills Limited, was transferred to SNCM in May 1980.
A transfer deed for the above transfer was executed and registered in March
1982. It ceased to be a subsidiary of The Jawahar
Mills Limited with the allotment of the said 46,000 shares on 9.8.1982. In September
1984, the Company issued 50,000 equity shares of Rs.10/= each for cash at par
to the existing shareholders as right shares. Since then, the Company has made
five bonus issues.
The Company has been
expanding and modernizing its plant over the years. All expansions and modernisation schemes completed so far has been funded from
internal accruals and Long-term borrowings. It has expanded its spindlage from 16,120 spindles in 1980 to the present level
of 43,448 spindles and 504 Rotors.
The Company's spinning mills
are situated at Chettinad, Sivaganga
District. The Company has two units there. The Company has taken another unit
called 'C' Unit from M/s Supreme Yarn Spinners Limited, on lease from 5.5.1995,
situated at Veeranam village, Salem. The Company
manufactures combed and carded cotton hosiery and hank yarn of counts ranging
from 10s to 40s which are used by manufacturers to convert the same into fabric
or garments for dyeing and export.
The Company has issued 11,10,000 Equity shares of Rs.10/- each at a premium of Rs.60
per share to the public in 1995.
The Company has attained a
sound financial footing with its good performance over years and is surging
ahead towards better prospects every year.
Details regarding Management
Details regarding Shareholders
Details regarding Financial
Results
Details regarding Code of Conduct
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