Shekhawati Industries Share price

Shekhawati Poly-Yarn Limited was originally incorporated on November 5 1990 as a Private Limited Company under the Companies Act 1956 in the State of Maharashtra and a Certificate of Incorporation was obtained from the Addl. Registrar of Companies Maharashtra Mumbai having a Certificate No. 11-58818/1990. Later it was converted into a Public Limited Company by passing a Special Resolution at the Extra Ordinary General Meeting of the Company held on 27th Feb 2010 and Fresh Certificate of Incorporation for the same was obtained from the Registrar of Companies Maharashtra Mumbai on 19th April 2010. Our Company presently is engaged in manufacturing of Knitted and Woven Fabrics with its registered Office at 2 Anantwadi Vaidya Bhawan 1st Floor Bhuleshwar Mumbai- 400 002 and manufacturing facilities at: Unit 1 Plot No 20 Sheetal Industrial Estate Demini Road Dadra Dadra and Nagar Haveli 396 191 Unit 2 Plot No 44 Government Industrial Estate Masat Samarwani Dadra and Nagar Haveli 396 230Unit 3 Plot No 185/1Naroli Village Kanadi Phatak Silvassa Dadra and Nagar Haveli 396 235 MAJOR EVENTS OF OUR COMPANY Shekhawati Poly-Yarn Limited (=Shekhawati?) was incorporated in 1990 with an object to deal in textiles. It startedmanufacturing Texturised Yarn with 2 machines setup in 1995-97 (Unit 1). Our Company soon identifiedopportunities in selling Twisted Yarn and integrated its facilities to manufacture Twisted Yarn by installing TwistingMachines (TFO). It then replaced two Texturising Machines by installing newer technology high speed TexturisingMachines along with 5 TFO machines in 2005. With aggressive expansion plans our Company expanded into Unit 2by adding 8 additional Texturising Machines. Our Company in March 2009 had 10 Texturising Machines and 5 Twisting(TFO) Machines in operations. Shekhawati identified 12 acre land at Silvassa to install 10 additional Texturising Machines in factory buildingadmeasuring 55000 Sq.ft. The civil construction of the factory has been completed and production with 8 newmachines has been started. This is Phase 1 of the proposed expansion program in our Company for which the financial closure has been done by bringing in Part equity and part debt. The expansion project for the Unit 3 has been financed partly by Term Loans from State Bank of India and Shamrao Vithal Co-operative Bank and by owner?s contribution.The expansion History is summarized as below: Year Activity Capacity (Total) 1990 Incorporation Trading of Textiles 1995-96 Setting-up of Unit 1 at Village Dadra Silvassa - with one 600 TPA Texturising Machine1996-97 Additional One Texturising Machine Installed 1200TPA2005-06 Modernisation of Texturising Machines to increase installed 2400TPA capacity Forward Integration to Twisting by installing 5 TFO machines 600TPA 2007-08 Setting-up of Unit II at Village Masat for manufacturing 10800 TPA Texturised Yarn by installation of 8 additional Texturising Machines 2009-10 Construction of Unit 3 completed at Silvassa measuring 55000 Installation of 4 Texturising Machines is Sq. Ft. completed and 6 Texturising Machines are already Procured but yet to be Installed (not Funded through IPO Proceeds).2010-11 Installation of Texturising Machines Out of the 6 Texturising Machines already procured as mentioned above 4 Machines have been installed and 2 Machines are yet to be installed.