Ambika Cotton Mills Ltd
Ambika Cotton Mills Ltd Company History
Ambika Cotton Mills is engaged in manufacturing and selling speciality cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics. The company has installed 27.4 MW wind power capacity for captive consumption of spinning segment.
1992
The company began implementation of an expansion project to double its
spindlage to 12096 spindles by the addition of 6048 spindles. This project
which was financed by means of a medium term loan from State Bank of India
and the State Bank of Mysore on a consortium and through a Deferred
Payment Guarantee limit from IDBI. The project was successfully completed
in March 1993.
1992
1994
The Company added Comber machines to its production line and humidification
system. This was funded by SIPCOT through a term loan of Rs. 90.86 lacs.
The Company currently manufactures combed and carded cotton yarn of counts
ranging from 30's to 40's. These are used by hosiery manufacturers to convert
the same into fabric or garments.
1994
2000
The Company has chalked out a Rs 14-crore expansion-cum-modenrisation programe.
2000
2005
The Company has recommended a dividend of 20%.
2005
2006
The Company has recommended a dividend of 20%
2006
2007
The Company has recommended a Dividend of 25%
2007
2008
The Company has appointed Mr. Sunil Kumar Kolangara, as a Director in the Company.
The Company has recommended a Dividend of 20%.
2008
2009
The Company has recommended a Dividend of Rs 2/- per share (20% on face value of Rs 10/- each).
2009
2010
The Company has recommended payment of Dividend at Rs. 3/- per equity share of Rs. 10/- each.
The Company has approved a proposal to enhance the Wind power capacity of the Company for the purpose of captive consumption from the present level of 15.4 MW to 26.6 MW by adding another 11.2 MW to the existing capacity in Tamilnadu.
2010
2011
The Company has recommended a Final Dividend at Rs. 3/- per equity share of Rs. 10/- each.
2011
2012
The Company reappointed Sri. P. V. Chandran as Chairman and Managing Director of the Company.
The Company appointed Mrs. Vidya Jyothish Pillai as an additional Director of the Company.
The Company has recommended payment of Final Dividend at Rs. 3/- per equity share of Rs. 10/- each.
2012
2013
Board has recommended a payment of Dividend at Rs. 9.50/- per equity share of Rs. 10/- each.
2013
2014
Board has recommended a payment of Dividend at Rs. 12.50/- per equity share of Rs. 10/- each.
2014
