Arex Industries Share price

Arex Industries Limited was incorporated as a PrivateLimited Company on the 10th May 1989 under the name andstyle of Arex Narrow Fabrics Pvt. Ltd. and converted into aPublic Limited Company pursuant to the provisions ofSection 23 read with Section 21/31/44 of the Act bypassing a Special Resolution in the 5th Annual GeneralMeeting held on the 15th April 1994 and obtained a freshCertificate for change of name on conversion on the 20thApril 1994 from the Registrar of Companies Gujarat Dadraand Nagar Haveli at Ahmedabad.In the course of implementation of the project the Companyhad to get the necessary legal and disbursement procedurecleared by GII Limited and GSFC in January 1991. Howeverdue to shift in Government policies and for reasons beyondthe control of the Promoters the Company could only importits machinery in mid-1992 and commenced commercialoperations from August 1992.The Company has been primarily engaged in manufacture ofwoven labels from Polyester and cotton yarns which areused in ready-made garments hosieries (vests and briefs)shoes badges leather garment products terrytowels/tapestry etc.The Company has not faced any labour problems since theincorporation.