|The company was incorporated as a Public Limited Company on 12th September 1990, and obtained the certificate for commencement of Business on 16th October 1990. The company started commercial production of cotton yarn on 1st July, 1992, with an installed capacity of 12,768 spindles. Subsequently as phase two of the project the company
installed four additional ring frames to enhance its installed capacity to 16,608 spindles. As part of phase two the company also installed additional four ringframes and preparatory machines, and also Autoconers for improving the quality of its yarn. For further upgradation of the
technology and to modernise the plant, the Company had planned to install State-of-the-art machineries, and accordingly the Company had raised the necessary funds by way of placement of equity shares with Kotak Mahindra Finance Limited, and its associates. Kotak Mahindra
Finance Limited, now offers 30,00,000 Equity shares to the Indian Public, to enable the Company to have its shares listed on Stock Exchange for a official quotation.
- Pranavaditya Spinning Mills Ltd has informed that Mr. Sushilkumar Agrawal, has been appointed as an Additional Director on the Company's Board with effect from June 25, 2009.