Nahar Polyfilms Share Price Nahar Poly

65.70

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65.55

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Chairman Jawahar Lal Oswal
Director Dinesh Oswal
Director Kamal Oswal
Director Dinesh Gogna
Executive Director Satish Kumar Sharma
Director Komal Jain
Independent Director Suresh Kumar Singla
Independent Director Yash Paul Sachdeva
Independent Director Amrik Singh Sohi
Independent Director Vijay Asdhir
Independent Director Manisha Gupta
Independent Director Inder Mohan Chhibba
Company Secretary Bhoomika

Incorporated as a public limited company in Nov.88, Nahar Exports was promoted by the Oswals and their associates. To begin with, the company started manufacturing and exporting cotton hosiery garments and knitwear. To integrate backward, the company set up a spinning unit (inst. cap. : 25,000 spindles) which was completed in Aug.92. By Nov.94, its spindleage increased to 40,128.It set up a new spinning unit (inst.cap.: 25,000 spindles). To part-finance the project, the company came out with a rights issue in Sep.94. Cotton yarn and synthetic yarn manufactured by the company is mainly used as a raw material in the manufacturing of hosiery, textiles, woollen garments, furnishing fabrics, etc. The major users of the companys products are the knitting industry, the handloom sector and the weaving industry. The company has an obligation to export part of its production against import of capital equipments. The company exports to the UK, Switzerland, Germany, Australia, Taiwan, Hong Kong, etc. The efforts made by the company to achieve its goal is evident from the rapid improvement in its export performance. In 1994-95, the company was awarded the ISO 9002 certification by the Bureau of Indian Standards.During 1995-96, the installation of new spinning unit of 25000 spindles is in progress. In 1998-99, it installed 24,960 spindles at it 100% EOU at Village Lehli-Lalru, Patiala Dist, Punjab and has replaced 7,056 spindles as a part of its modernisation plan.The company has implemented a modernisation & upgradation scheme for both its Spinning units at Village Jitwal Kalan & Rishab Spinning Mills. The total capital outlay for the scheme is Rs.19.00 crores and is being part financed by way of loan of Rs.15.00 crores and rest by internal accruals. Besides it has decided to install 2 Gen sets with a capacity of 3 MW at cost of Rs.13.00 crores. The installation of the Gen sets is expected in the second quarter of the 2003-04.

REGISTERED OFFICE

376 Industrial Area A,
Nahar Tower,Ludhiana,
Punjab-141003

Tell. : +91-161-2600701-705/2606977-980
Website : http://www.owmnahar.in
Email : secnsm@owmnahar.com

REGISTRAR OFFICE

2E/21 Alankit House,
Jhandewalan Extn,New Delhi - 110055
INDIA

Tell. : +91-11-42541234/23541
Website :
Email :