|The Company was incorporated on December 18, 1981 as a Private Limited Company in the State of Maharashtra. The Company became a Deemed Limited Company by virtue of Section 43A of the Companies Act, 1956 on 29.12.1993 and the necessary alteration to the Certificate of Incorporation was duly obtained from the Registrar of Companies, Maharashtra. The Company has deleted the restrictive clauses in the articles of association by passing a special resolution on May 20, 1994 and has become a Public Limited Company. The company has got its registered office and factory at New Bombay.
The company was promoted by Mr. A.G. Lawande. Mr.R.J. Nachane joined Mr.A.G.Lawande for actively participating in the management of the company in 1989.
- Board approves acquisition of Konarak Textile Industries Pvt. Ltd. Konarak Textiles Industries Pvt Ltd becomes subsidiary of the company