Vardhman Holdings Limited, formerly known Vardhman Spinning & General Mills Limited was incorporated in 1962 and commenced production in 1965. The name of the Company was changed from Vardhman Spinning & General Mills Limited to Vardhman Holdings Limited on March 27, 2006 upon the Scheme of Arrangement for Demerger.
It was promoted by V S Oswal and R C Oswal and is a part of the Vardhman group, which also includes companies like Mahavir Spinning Mills and Vardhman Polytex. Company's current activities consists of investments into debt, equity and real estate.
In Nov.'92, the company came out with a Rs 47.82-Cr. Rights Issue of 14% PCDs to part-finance its expansion and to meet long-term working capital requirements, totaling Rs 58 cr. VSGML has a product portfolio consisting of cotton/worsted blended yarn and, cotton yarn and fabric.
The company exports to the UK, Spain, Germany, Italy, Hong Kong, Indonesia, Japan, the US, and African countries. VSGML became an Export House in 1990-91. It also received the ISO 9002 certification for its textile mill. The company sold its steel unit at Faridabad to Mahavir Spinning Mills in Mar.'95.
The company's Fabric Process House in the name and style of 'Auro Textiles' at village Baddi, H.P. in technical collaboration with Tokai Senko of Japan, with an annual installed capacity of 30 million metres started commercial production in December 1999.
The 100% EOU Spinning unit at Industrial Focal Point, Ludhiana was commission ...ed in March 2002. The Dyeing Unit at Baddi was fully modernised and the capacity was expanded to 9 tons per day. The company also installed 2 Open End Spinning Machines of 264 Rotors each to cater to weaving yarns requirement.
During the year 2004-05, as part of the Scheme of Arrangement and Demerger between the Company and Mahavir Spinning Mills Ltd, the Textile Business of the Company was demerged to Mahavir Spinning Mills Limited with effect from 1st April, 2004. Pursuant to the Scheme of Demerger, the shareholders of the the Company were allotted/issued 8 Equity Shares of the Mahavir Spinning Mils Ltd and 2 Equity Shares of the Company for every 10 Equity Shares held in the Company and accordingly, the Company issued 31,91,536 equity shares of Rs. 10/- each in lieu of the retained shares in the Company.
FAQs on Vardhman Holdings Ltd
1. Can I buy Vardhman Holdings Ltd from PL Capital? ›
Yes, you can invest in Vardhman Holdings Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Vardhman Holdings 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 Vardhman Holdings Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Vardhman Holdings Ltd pay dividends? ›
Yes, Vardhman Holdings 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 Vardhman Holdings 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 Vardhman Holdings Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Vardhman Holdings Ltd. is ₹ 3335 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Vardhman Holdings Ltd ? ›
The 52-week high and low of Vardhman Holdings Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
