Mohit Industries Limited, formerly known Mohit Fibres Private Limited was incorporated in February, 1991 and was converted into a public Company in February, 1995. The name of the Company was changed from Mohit Fibres Limited to Mohit Industries Limited. The Company is primarily engaged in manufacture of Texturized Yarn from POY and weaving of the Yarn to Grey Cloth.
The company started its activities by trading in yarn. It set up a plant to manufacture weaving cloth in the Surat district of Gujarat, with an installed capacity of 12 lakh mtr pa.
During the year 1997-98, the Company increased the installed capacity of texturised yarn to 24,80,000 Kgs and delisted the shares from Jaipur Stock Exchange. In 1998, it expanded the business by setting up one more unit in Silvassa with a capacity of 2980 MTPA .
The new Texturising Unit commenced its operations during FY 1998-99. The Company established new plant and machinery worth Rs.1.5 Crores, during 2003-04. The new Autoclaved Aera ted Concrete (ACC) Blocks Manufacturing Plant commenced its operations in September, 2012 at Umargaon, Gujarat. In 2015, the Company installed 2 new texturising Machines and 50 High Speed Shuttle-less water Jet Loom in Kim making total 16 Texturising Machines, 150 shuttle less water jet looms, 144 Conventional Shuttle Looms and 17 TFO machines with a production capacity of 21000 MT of Draw Texturised Yarn and 12 million meters of Grey fabrics.
In 2015-16, the Scheme of Arrangement and Dem ...erger between the Company and Bigbloc Construction Limited was effective from 01st April, 2015. As a result, all the assets and liabilities of AAC Block Division of the Company became assets & liabilities of Bigbloc Construction Limited (BCL). As per terms of the Scheme, each shareholder of Company in respect of each share held in the Company, was allotted, one share each of BCL of face value of Rs. 10/- each as fully paid up.
During the year 2024, Company is having 16 Texturising Machines, 150 High Speed Shuttle-less Looms and 144 Conventional Shuttle Looms with a capacity to manufacture 21,000 tonnes of Draw Texturised Yarn (DTY) per annum and 12 Million meters Grey fabrics per annum.
FAQs on Mohit Industries Ltd
1. Can I buy Mohit Industries Ltd from PL Capital? ›
Yes, you can invest in Mohit Industries Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Mohit 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 Mohit Industries Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Mohit Industries Ltd pay dividends? ›
Mohit 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 Mohit Industries Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Mohit Industries Ltd. is ₹ 22.56 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Mohit Industries Ltd ? ›
The 52-week high and low of Mohit Industries Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
