|Sree Jayalakshmi Autospin Limited was originally incorporated as a Private Limited Company on 4.3.91 and subsequently was converted into a Public Limited Company on 13.04.1994. The main object of the company is to carry on business of ginning and spinning of cotton yarn. In the first phase, the company has established an industrial unit engaged in cotton ginning in July 1994. It is located in premises leased from Vijayalakshmi Oil Mills on a monthly lease rentals of Rs. 6,500/. There are no over dues in the payment of lease rentals.
The existing ginning unit is assisted by Karnataka State Financial Corporation to the extent of Rs. 9.86 lakhs. This unit has commenced commercial production from July 1994. Now, the company intends to establish spinning unit as a forward integration.
-Sree Jayalakshmi Autospin Ltd has informed BSE that Sri B K Rajashekarappa and Sri R Manjunath, Directors have resigned from the Company's Board.The following directors have been appointed as directors from January 29, 2003.
1. Smt U Gangamma
2. Smt U Vijayaprabhakar
3. Sri Eswar V Patil
4. Sri Viswanath K Mamani
5. Sri K Srikanth
-Sree Jayalakshmi Auto Spin - Re-Starting of manufacturing activity