Incorporated in March, 1970, Swadeshi Polytex Limited (SPL) was promoted by the Swadeshi Cotton Mills Company. It entered into a collaboration with Clickers Zimmer, Frankfurt, Germany, for the purchase of machinery and supply of technical know-how. Initially, the Company manufactured polyester staple fibre. Presently, it is engaged in the activities of Real Estate Development and allied business.
The company has been stagnating since its inception. No expansion or diversification plans were implemented although a letter of intent was obtained in 1981 to raise the capacity from 6100 tpa to 12,200 tpa. When Rajaram Jaipuria acquired the control of the company in 1986, he decided to increase the capacity to the minimum economic viable size of 30,000 tpa, but actually it was increased first ... to 10,000 tpa in 1987-88 and then to 14,000 tpa by end of Mar.'89.
SPL is managed by the National Textile Corporation (NTC) which holds the largest stake in the company (33%). In Feb.'87, it staked its claim to the single largest block holding in the equity of SPL, following the nationalsation of Swadeshi Cotton Mills. The Calcutta-based Swarup group, with a 24% share, is the second-largest shareholder in the company.
For the second consecutive year during 1999-2000, there were no operation and production in the company and the same were suspended. Since the erosion of the networth of the company has been more than 50% of the peak networth, the company has filed Form C' with BIFR, pursuant to provisions of SICA.
1. Can I buy Swadeshi Polytex Ltd from PL Capital? ›
Yes, you can invest in Swadeshi Polytex Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Swadeshi Polytex 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 Swadeshi Polytex Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Swadeshi Polytex Ltd pay dividends? ›
Swadeshi Polytex 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 Swadeshi Polytex Ltd ? ›
As of
04-11-2025 the share price for Swadeshi Polytex Ltd. is 61.02 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Swadeshi Polytex Ltd ? ›
The 52-week high and low of Swadeshi Polytex Ltd share price is ₹ 46.02 - ₹ 124.84 as of
04-11-2025 .
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