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Siyaram Silk Mills Ltd. Company History and Annual Growth Details

The Company manufactures synthetic fibres. The Company was incorporated on 29th June,1978 as a Private Limited Company and was converted into a Public Limited Company on 16th April 1980. It was promoted by Mahabir Prasad Poddar, Dhara Prasad Poddar and Purushottamdas S.Mahasaria.

The Company commenced manufacturing activities in November, 1978.

Siyaram Finance Limited is a subsidiary of the company.

2000 - Oxemberg, the readymade garment division of Siyaram Silk Mills Ltd, the
flagship company, Siyaram Poddar group, has set up a research and
development laboratory equipped with state-of-art technology and imported

- The Board has approved the issue of 11,20,368 No. of equity shares at Rs 49
per share aggregating Rs 5.48 crore on preferential allotment basis to the
promoters, their relatives, friends and their group as per the SEBI guidelines
and subject to the approval of members.

2001 - The Company has opened 216 fashion galleries in the Telangana region of Andhra Pradesh.


-Siyaram Silk Mills has given the Bonus in the Ratio of 1:2


- Siyaram Silk Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2009, inter alia, has appointed Shri. Dileep H Shinde and Shri. Pramod Jalan as Additional Directors of the Company in the capacity of Non Executive and Independent Directors.


-The Company has declared Interim Dividend of Rs. 6/- per share on the Equity shares of Rs. 10/- each (face value) for the financial year 2009-10.


-Company has achieved Rs.100 crore turnover in FY 2010-11.


-Remuneration Committee have re-appointed Shri Ashok Jalan as Senior President cum Director.

- Board recommended a Dividend of Rs. 75% i.e. Rs. 7.50/- per Equity Share of Rs. 10/- each.

- Board recommended a Dividend of Rs. 8/- per shares (80%).