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Nagreeka Exports Ltd. Company History and Annual Growth Details
YEAR EVENTS 1989 - The company was incorporated on 6th March, with the main object of setting up a spinning unit for 100% export of cotton yarn.
- The Company has been promoted by Mr. Ishwarlal Patwari, who is also a co-promoter of Sterlite Industries (India) Ltd. Other promoters of the company are Mr. Dwarkaprasad Agarwal, Mr. Sunil Kumar Patwari & Mr. Sushil Kumar Patwari.
- The company is currently engaged in trading as merchant exporters of cotton yarn. It has been involved in exporting cotton yarn to Bangladesh & to some of the East European countries.
- The company is now setting up an 100 % EOU Spinning Mill project for spinning of double & single fine & medium counts of combed and carded cotton yarns.
1995 - The 100% EOU spinning mill has been commissioned in March.
1996 - The Company is considering doubling the capacity of the spinning unit and addition of knitting machines.
1997 - The Company has pleased to inform that the 100% EOU Spinning Mill has been functional throughout the year under review and has achieved the targeted production level.
1999 - The Company has to set up a captive power project to achieve cost advantage on power consumption.
- The Company has obtained an ISO 9002 Certification in respect of Yarn and Knitted Fabric.
2000 - Nagreeka Exports Ltd has taken 10 per cent stake in a newly launched student-targeted portal, Buckleyourshoe.com.
2003 -Members approved the delisting of shares from Calcutta, Delhi and Ahmedabad Stock Exchanges.
-Board recommends dividend of 10%.
-The company received "Texprocil Export Award".
2013 -Nagreeka Exports has recommended 10% dividend.
2014 -Nagreeka Exports has recommended payment of Dividend of 10% on Face Value of Rs. 5/- per equity share (i.e. Rs. 0.50).