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Bannari Amman Spinning Mills Ltd. Company History and Annual Growth Details

HISTORY

Our Company was incorporated as Shiva Textiles (CBT) Limited.
on July 10, 1989 under the Companies Act, 1956 and was issued
a Certificate of Commencement of Business on September 14, 1989.
The name of our Company was changed to "Bannari Amman
Spinning Mills Ltd." on October 11,1991.

Major Events

Year Event

September 14, 1989 Commencement of operations
January 8, 1997 First Export Order
October 20, 2001 ISO 9001:2000 given by DET
NORSKE VERITAS

May 14, 2002 Registration as an export house
December 15, 2004 Commencement of weaving division
September, 2004 Erection of windmills

2006

-Company recommended a Dividend @ 20% on the Equity Share Capital of the Company for the Year ended March 31, 2006.

2007

- Bannari Amman Spinning - E-mail ID for Investors' Complaints are shares@bannaritex.com.

2009

-Company recommended a dividend of Re 1/- per share (10% on Equity Share Capital of the Company) for the financial year 2008-2009

2011

- Company recommended a Dividend of Rs 2.00 per share (20% on Equity Share Capital of the company) for the financial year 2010-11

2013

-The Company has recommended a dividend of Rs. 2/- (Rupees two only) per share

2014

-The Company have appointed Smt S Sihamani as Women Director of the Company
-The Companys wholly owned subsidiary Company "Abirami Amman Mills Private Limited" has entered Memorandum of Understanding with Tamilnadu Government for setting up of a Textile Project near Dindigul, Tamilnadu
-The Company has recommended a dividend of Rs. 2/- (Rupees Two only) per share

2015
-Bannari Amman sets up new garment unit at Palladam.

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