Incorporated in Dec.'87, Amarjothi Spinning Mills (ASM) was converted into a public limited company in Dec.'91. It is promoted by the Jaichander R. The Company is engaged in the business of manufacturing of Yarn. It has own processing unit for yarn and fiber and own Wind Power generation plants which are mainly used for own captive use.
ASM went public with its maiden issue in Jan.'93 to part-finance a spinning mill to manufacture cotton yarn (inst. cap. : 12,096 spindles) in Pudusuripalayam, Tamilnadu. To meet part of the project cost, ASM issued secured NCDs worth Rs 2.20 cr on a private placement basis.
For cotton spinning, the company has adopted the ring spinning system. The company has installed the latest textile machineries including blow room, carding machines, draw frames ..., simplex frames and ring frames from Lakshmi Machine Works and autoconers with electronic clearers and automatic splicers from Schlafhrost (India). ASM completed its first full year of operations in 1994-95, after raising capital through a public issue.
In 1996-97 the installed capacity has been increased by 6016 spindles to 18992 spindles.
Modernisation programme has been availed by the company to the tune of Rs.340.00 lacs under the Technology Upgradation Fund Scheme.During 2000-2001 the company had gone for expansion of Spindles to the extent of 4752 spindles.
M/s. Amarjothi Power Generation and Distribution Company Limited, which incorporated as a subsidiary, ceased to be a subsidiary of the Company effective 28.11.2003. The Company installed a Wind Mill of 1.65 MW capacity at Tirunelveli District during 2003-04. The Dyeing Unit at Perundurai, with an installed capacity of 5,000 kgs/ day, was made fully operational from March 2005. Thereafter, the Company again installed two more windmills with a total capacity of 3.3 MW during year 2004-05, which became operational in 2008. With this the total capacity of wind mills gone up to 7.95 MW.
During the year 2008-09, two more wind mills of 2.90 MW became operational. In addition to this, two More Wind Mills of 2.50 MW became operational in April 2009. With this total Capacity of Wind Mills gone up to 13.35 M.W. In 2010, five more wind mills of 4.25 MW were made operational in 2010-11. With this the total capacity of wind mills gone up to 17.60 MW.
1. Can I buy Amarjothi Spinning Mills Ltd from PL Capital? ›
Yes, you can invest in Amarjothi Spinning Mills Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Amarjothi Spinning Mills Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Amarjothi Spinning Mills Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Amarjothi Spinning Mills Ltd pay dividends? ›
Yes, Amarjothi Spinning Mills Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Amarjothi Spinning Mills Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Amarjothi Spinning Mills Ltd ? ›
As of
05-12-2025 the share price for Amarjothi Spinning Mills Ltd. is 144.05 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Amarjothi Spinning Mills Ltd ? ›
The 52-week high and low of Amarjothi Spinning Mills Ltd share price is ₹ 141.5 - ₹ 239.7 as of
05-12-2025 .
PL Ringside View
Our fireside chat series where industry experts and top management share valuable insights for our clients
