Premier Synthetics Limited was incorporated originally as 'Premier Synthetics and Processors Limited in Maharashtra on 9 October, 1970 by the original promoter Shri. B.K. Jhunjhunwala for setting up a cloth processing unit at Village Pawne (Maharashtra) with IFCI assistance.
The Company was changed to 'Premier Synthetics Limited' in 1992.
The Company is having spinning plant for manufacturing of Cotton Yarn. It undertakes trading of yarn, fabrics (both grey and processed), suitings, shirtings, etc. The Company' s customers include various denim manufacturing unit such as Raymonds, Arvind, Jindal, Ultra and Other units located in Gujarat, Maharashtra and Rajasthan. The annual capacity of the plant is 5000 MTPA.
PSL went public in May '93 to part-finance its expansion project. PSL e ...xpanded its capacity for twisting and also added a rotor spinning unit to manufacture yarn for exports. Commercial production of this project commenced in Jun.'94. The company has undertaken a diversification programme to manufacture cotton yarn at Rakoli, Silvassa.
In 1995-96, the company has undertaken a diversification programme for the manufacture of cotton yarn in the Mehsana district of Gujrat. The project was apprasied by Industrial Finance Corporation of India Limited (IFCI). The company has invested Rs. 1.70 cr in Premier Equity Limited, a Subsidiary Company.
During 1999-2000, the net accumulated losses exceeded more than 50% of its peak networth and hence it has become a sick industrial company as per SICA, 1985.The company has appealed against the said order of the Hon'ble BIFR before the Hon'ble AAIFR and the same is still pending.
In 2015, Darwin Platform Capital Limited ceased to be Associate Company of the Company. In 2015-16, Mr.Gautamchand Surana, Mr.Vikram Sanghvi, Mr. Rajiv Bansal and Mr. Sanjay Kumar Majethia became the new promoters of the Company pursuant to the said Open Offer made on October 5, 2015.
The Company issued and allotted 9,50,000 equity shares of Rs. 10/- each at a premium of Rs.17/- per share to non promoter on preferential/private placement basis on May 18, 2017 and consequently, above 9,50,000 equity shares were listed on BSE Ltd. with effect from June 09, 2017.
With effect from 8 November, 2023, the Company had discontinued its major manufacturing activities and presently doing trading activity.
1. Can I buy Premier Synthetics Ltd from PL Capital? ›
Yes, you can invest in Premier Synthetics Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Premier Synthetics 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 Premier Synthetics Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Premier Synthetics Ltd pay dividends? ›
Premier Synthetics 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 Premier Synthetics Ltd ? ›
As of
06-11-2025 the share price for Premier Synthetics Ltd. is 18.15 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Premier Synthetics Ltd ? ›
The 52-week high and low of Premier Synthetics Ltd share price is ₹ 15.01 - ₹ 27.2 as of
06-11-2025 .
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