LAMBODHARA TEXTILES Share price

Lambodhara Textiles Limited was incorporated as a PrivateLimited Company on 17th March 1994 and converted as aPublic Limited Company on 26th October 1996 under theCompanies Act 1956 and new Certificate of Incorporationwas received on 7th November 1994.The Registered Office of the Company is situated at theresidential premises of the Managing Director B II/I ParkAvenue Race Course Coimbatore 641 018 and the company hasgiven an undertaking to shift the same from the presentpremises. The factory is situated at 826 ThazayuthuPalani Taluk.Lambodhara Textiles Limited is promoted by Mr.R. Santoshson of Mr.V. Radhakrishnan who hail from one of thereputed textile families who are associated with textileindustry for more than 20 years. They hail from the familyof Mr. Venkataswamy Naidu who were associated with manycompanies prominent among them being South India Viscose.Mr. V. Radhakrishnan is the Director of Lakshmi GaneshaTextiles Limited and V.R. Textiles.Lambodhara Textiles Limited started its manufacturingoperations by taking over an existing sick unit and thiswas sold by Tamilnadu Industrial Investment CorporationLimited vide the sale deed dated 27th day of May 1994. TheCompany is engaged in the business of manufacture of yarn.The Company is presently having 4644 spindles with 2700 Kgsper day spinning capacity in 20s carded yarn.The Company proposes to immediately install further 5760spindles with a additional capacity of 3700 kgs per day of20s combed yarnThe total capacity after the expansion will be 10404spindles with a capacity of 6400 kgs per day.