Nahar Spinning Mills Limited incorporated as a Private Limited Company in December, 1980 which became a Public Limited Company in 1983. The Company is engaged in the business of manufacture of cotton yarn/blended and synthetic yarn and hosiery knitwears. The Company's units are located at various places in Ludhiana. It has its own dyeing unit, equipped with modern machinery, at Ludhiana. It set up a new spinning unit to manufacture cotton/synthetic yarn at Simrai, Mandideep, Madhya Pradesh.
In 1995, it decided to put up an Acrylic Fibre Project of 18000 tons capacity, as a measure of backward integration the total cost of project amounted to Rs 207.43 cr which was financed by Rights issue of Secured Premium Convertible Bonds with warrants. Due to continues fall in share prices resulted into shortfall for funding of the project. The board in Aug'97 decided to shleve the project and utilise the balance available money collected for this project in a more profitable venture of spinning and garment industries.
During 1999-2000, the 100% export oriented spinning unit at village Jalalpur, Distt. Patiala, commenced commercial production. The Company has already installed 16128 Spindles and balance 12096 spindles are under erection. The Company is putting up a Mercerising-cum-Dyeing Plant at Village Lalru, Distt. Patiala, Punjab.
The 1st phase of the Company's Mercerising cum Dyeing Plant commenced commercial production on 15th September,2000. The second phase of expansion o ...f Mercerising unit was completed and the installed capacity of the unit stands incresed to Approx 4500 Kg per day. During 2002-03 the company has replaced old machinery with the Ultra Modern Machinery at a cost Rs.15 crores.
During the year 2006, spinning project of 24000 spindles and 720 rotors at Village Lalru, Patiala was commissioned.
The Hon'ble Punjab & Haryana High Court sanctioned the Composite Scheme of Demerger and Arrangement between the Company, Nahar Exports Limited and Nahar Capital and Financial Services Limited, vide its Order dated 21st December, 2006, which was filed on 12th January, 2007 at Jalandhar. Thus as per Scheme, Company's 'Investment Activities' were demerged and transferred to Nahar Capital and Financial Services Limited and 'Textile Business' of Nahar Exports Limited' got demerged and transferred to the company w.e.f. the appointed date i.e. 1st April, 2006.
In 2022-23, Company's modernisation programme of spinning unit at Jitwal Kalan, Malerkotla, Distt. Sangrur was implemented. The Company installed 8 Vortex machines with 96 positions each and the same became operational.
The Company's spindlage capacity was increased to 5,73,408 spindles and 1080 rotors and 768 Airjet Spindles in 2024.
FAQs on Nahar Spinning Mills Ltd
1. Can I buy Nahar Spinning Mills Ltd from PL Capital? ›
Yes, you can invest in Nahar Spinning Mills Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Nahar 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 Nahar Spinning Mills Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Nahar Spinning Mills Ltd pay dividends? ›
Yes, Nahar 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 Nahar 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 Nahar Spinning Mills Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Nahar Spinning Mills Ltd. is ₹ 180.46 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Nahar Spinning Mills Ltd ? ›
The 52-week high and low of Nahar Spinning Mills Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
