KPR MILL Share price

The Company was incorporated as K.P.R. Cotton Mills Private Limited on March 19 2003 under the Companies Act. The name of the Company was subsequently changed to K.P.R. Mill Private Limited and the status of the Company was also changed to a public limited company following a merger and pursuant to a scheme of arrangement approved by the High Court of Judicature at Madras on August 19 2006 with effect from April 1 2005. The fresh certificate of incorporation consequent upon the change of name and status of the Company was granted on October 5 2006 by the RoC.Key Events and MilestonesMonth and Year EventMay 2004 K.P.R. Mill Private Limited (for its operations located at Sathyamangalam) and K.P.R. Spinning Mill Private Limited (for its operations located at Karumathampatti) received ISO 9001:2000 certification for their quality management system.July 2004 The Company started a spinning facility with a capacity of 50784 spindles. August 2005 The Company initiated implementation of new projects at an outlay of Rs.4716.7 million comprising a spinning facility with 100800 spindles a garment unit with 1440 sewing machines a fabric processing unit with capacity to process 23 metric tons of fabric per day and 12 windmills of 1.65 MW each with an aggregate capacity of 19.8 MW and modernization of the spinning facility located at Sathyamangalam.August 2005 K.P.R. Mill Private Limited (for its operations located at Sathyamangalam) and K.P.R. Spinning Mill Private Limited (for its operations located at Karumathampatti) received ISO 14001:2004 certification for their environmental management systems.September 2005 K.P.R. Mill Private Limited (for its operations located at Sathyamangalam) and K.P.R. Spinning Mill Private Limited (for its operations located at Karumathampatti) received SA 8000:2001 certification for their social accountability management system certifications for the manufacture of cotton yarn.February 2006 The business of K.P.R. Knits was acquired by the Company with effect from April 1 2005.March 2006 The Company completed installation of 12 windmills with an aggregate capacity of 19.8 MW.August 2006 K.P.R. Mill Private Limited and K.P.R. Spinning Mill Private Limited merged with and into the Company with effect from April 1 2005.November 2006 Private equity investment in the Company by Ares Investments Brandot Investments Limited and Argonaut Ventures.