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Kakatiya Textiles Ltd. Company History and Annual Growth Details

1981 - The Company was incorporated on 26th August, and was promoted by
K. Sudeesh, T.V. Surya Prasad for manufacture of cotton yarn.
The Company's objects is to manufacture and sale of cotton yarns
of different counts.

1991 - 9,30,000 No. of equity shares of Rs.10 each issued, subscribed
and paid-up. (Of which 8,46,800 shares to promoters and
83,200 shares to APIDC).

1992 - 9,30,000 Rights equity shares of Rs.10 each issued in prop. 1:1.

1993 - The company charted out a two phase expansion-cum-modernisation
programme with a view to enhance the quantity as well as quality
of product. It undertook to expand the capacity to 15,360
spindles, and modernise certain facilities, instal new ones such
as auto-cones and twisters to ensure competitiveness in the
international markets.

- Capacity of spindles was increased to 14400 from 9600 nos.
Another 960 spindles were to be added during 1994-95.

- 39,50,600 No. of equity shares of Rs.10 each were issued for
cash at par of which 2,00,600 No. of equity shares reserved for
allotment on preferential basis to promoters, friends etc.
Balance 37,50,000 shares offered for public subscription during
March, (all were taken up).

1994 - A set of imported E7/5 cumbers and fully automatic yarn dyeing
plant were installed. It was proposed to import auto coner and
two for one twisters to meet the export markets.

1996 - The Company installed another 2016 spindles thereby increasing
the total spindleage to 18,144.


-Edelweiss Capital Ltd ('Manager to the Offer') on behalf of Mr. L G Ramamurthi & Mr. Sumanth Ramamurthi ('Acquirers'), has issued this Public Announcement ('PA'), pursuant to Regulation 10 & 12 in compliance with the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations 1997 and subsequent amendments thereto [SEBI (SAST) Regulations] as below: The Acquirers are making an Open offer to the public shareholders of Kakatiya Textiles Ltd ('Target Company') to acquire 11,53,720 Equity Shares ('Shares') of Rs 10/- each representing 20% of the voting capital of the Target Company at a price of Re 1/- per Share ('Offer Price') payable in cash ('Offer') subject to the terms & conditions.


-Kakatiya Textiles Ltd has appointed Mr. Sumanth Ramamurthi as the Managing Director (MD) of the Company with effect from May 30, 2008.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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