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SVC Resources Ltd. Company History and Annual Growth Details

1976 - Company was incorporated with an objective to trade in textile goods.

2007 - There was an increase in the authorized share capital of the company from Rs. 3.5 crore to Rs. 7 crore.

- Shareholders of the company had passed the resolution to change the name of company from Pace Electronics & Textiles Ltd. to Pace Textiles Ltd.

2008 - The company had acquired running unit of manufacturing suiting and shirting at Dadra-Nagar Haveli.

- The board of the company had allotted 85,75,000 equity shares of Rs 2 each for cash at a premium of Rs 7 per share on preferential basis.

- Company name has been changed from Pace Electronics & Textiles Ltd to Pace Textiles Ltd.

2009

- Pace Textiles Ltd has appointed Shri. Sunil Jain as Independent Non Executive Director of the Company.

- Pace Textiles Ltd has appointed Shri. Vishal Singh as Independent Non Executive Director of the Company.

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