Ashnoor Textile Mills Ltd Rights Issue 2024

Ashnoor Textile Mills Limited, established in January 1984, specializes in the production and export of high-quality terry towels. The company's core business revolves around towel manufacturing, including colored varieties, tailored to market needs. Operating solely in India, the company functions as a single entity with a focus on its primary business.

By June 30, 2023, the company had produced over 845 tons of terry towels.

Ashnoor Textile Mills holds ISO 9001 and 14001 certifications and exports its terry towels to the United States.

As of June 30, 2023, the company employs 296 staff members across its operations.

Ashnoor Textile Mills Ltd is offering an Issue size of Rs 6.37 Crores. The subscription for this Right Issue will be open from May 7, 2024, to May 16, 2024. For every fully paid-up equity share held on the record date of March 26, 2024, shareholders are entitled to ₹1 Rights equity shares. The face value of each share is Rs. 10, with the Right Issue price set at Rs. 20 per share.

Ashnoor Textile Mills Ltd Rights Issue Detail Overview

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