Milton Industries Limited was originally incorporated on August 23, 1985 as 'Milton Laminates Private Limited'. Further the Company was converted into Public Limited Company and the name of the Company was changed to 'Milton Laminates Limited' on March 31, 1997. Later, the name further was changed to 'Milton Industries Limited' on April 3, 2007.
In year 2009, the Company was amalgamated with Valley Valvette Private Limited through the Scheme of Amalgamation, which became effective from September 25, 2009 and and in return the shares of the Company was issued to shareholders of Valley Valvette Private Limited. Presently, the Promoters of the Company are Mr. Vijay Pal Jain, Mr. Abhaykumar mahipalsingh Jain, Mr. Vikas Jain, Mr. Ajay Mahipal Singh Jain and Mr. Saket Jain who have experience of about three decades in laminates manufacturing business.
Milton Industries is an ISO 9001:2008 certified company and engaged in manufacturing of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets in the state of Gujarat. The Company is manufacturer and exporter of premium quality high-pressure laminates, industrial Laminates, laminated board, flooring laminates, artificial Leather cloth, GFRE Sheets and other allied products. The Company's superior quality laminates can be used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc. Initially, the Company was engaged in manufacturing of laminates and further diversifie ...d in manufacturing and exports of Artificial Leather cloth, GFRE Sheets,DGFRP, CCL and NAFTC.
The Company comprises two manufacturing locations: Unit -1 Mehsana (Gujarat) and Unit-2 Near Prantij, Sabarkantha (Gujarat). The Company started Unit II production for manufacturing of Artificial Leather Cloth acquired in merger in 2009-10. Later, in 2015-16, the Company manufacturing of GFRE Sheets/DGFRP/CCL/NAFTC in Unit II. In Unit II, the Company is producing PVC Coated Fabrics which is also known as Rexins Upholstery Cloth. Basically, it is selling PVC Coated Fabrics to Government Agencies, such as Indian Railways, State Transport Corporation of different states and also it is exporting to different countries. Apart from this, Unit II has been manufacturing GFRE (Glass Fibers Rein Forced Epoxy Sheets) which is used in the ceiling of the Railway Coaches.
The Company came up with a Public Issue of 42,00,000 Equity Shares by raising equity capital aggregating Rs 14.28 Crore in October, 2017.
FAQs on Milton Industries Ltd
1. Can I buy Milton Industries Ltd from PL Capital? ›
Yes, you can invest in Milton Industries Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Milton Industries 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 Milton Industries Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Milton Industries Ltd pay dividends? ›
Milton Industries Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Milton Industries Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Milton Industries Ltd. is ₹ 50 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Milton Industries Ltd ? ›
The 52-week high and low of Milton Industries Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
