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Amarjothi Spinning Mills Ltd. Company History and Annual Growth Details

YEAR EVENTS
1987 - The company was incorporated as a Pvt. Ltd. Co. on 16th December.
It as converted into a Public Ltd. Co. on 27th February 1992.
The Company was promoted by Shri N. Rajan's Associates. The
object of the company is the setting up of an Unit for the
manufacture of Spun Cotton Yarn.

- The Company set up a spinning unit with an installed capacity
of 12,096 spindles.

1993 - During January the Company came out with a public issue of
29,00,000 No. of equity shares of Rs. 10 each for cash at par to
part finance its project.

- 22,00,000 No. of equity shares of Rs. 10 each allotted to
Promoters, Directors, their friends & relatives. 2,00,000 No.
of equity shares of Rs. 10 each allotted to LIC Mutual Fund,
2,00,000 No. of equity shares of Rs. 10 each allotted to Canbank
Mutual Fund and 29,00,000 No. of equity shares of Rs. 10 each
for cash at par allotted to the public.

1995 - 12,50,000 No. of equity shares of Rs. 10 each at a premium of
Rs. 18 per share allotted to the promoters.

2008

-Amarjothi Spinning Mills Ltd has appointed, Sri. V T Subramanian as an Additional Director (Independent Director) of the Company.

2010

-The comp has proposed a Dividend of 18%.

2011
-Amarjothi Spinning Mills Ltd has recommended a Dividend of 20%

2012
-Amarjothi Spinning Mills Ltd has Proposing of Dividend of 15%

2013
-Amarjothi Spinning Mills Ltd has considered and recommended a Dividend of Rs. 1.80 per Share (Face Value of Rs. 10/- each)

2014
-Amarjothi Spinning Mills Ltd has considered and recommended a Dividend of Rs. 2.00 per Share (Face Value of Rs. 10/- each)

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