Prag Bosimi Synthetics Share Price Prag Bosimi Syn.

2.66

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Managing Director Hemant B Vyas
Independent Director Girindra Mohan Das
Director Devang Vyas
Independent Director Rohit Doshi
Independent Director Mukund Trivedi
Company Secretary Madhu P Dharewa
Nominee (AIDC) Prasanta Bora
Chairman & Nominee (AIDC) Virendra Mittal
Addtnl Independent Director Bina Advani

Incorporated on 31 Jul.87, Prag Bosimi Synthetics (PBSL) was promoted as a joint venture between Assam Industrial Development Corporation (AIDC) and Bombay Silk Mills (BOSIMI). The company came out with a Rs 27.1-cr public issue in Feb.92 to part-finance the manufacture of 15,000 tpa of polyester filament yarn (PFY), establishment of downstream facilities of draw texturising and draw twisting of yarn, and to meet for working capital requirements. The total project cost was estimated at Rs 188 cr. The company manufactures polyester yarn. It has introduced different varieties of yarn like 30 denier, 50 denier, 75 denier, twisted and dyed assortments. The company has a technical collaboration with EMS Inventa, Switzerland, to produce POY/PFY.Textile division commenced commercial production in 1993. The last phase of the project (installation of 6 direct spinning lines) which was expected to be completed in Aug.95 is delayed due to various reasons including indifferent law and order conditions, lack of infrastructure and skilled manpower, etc. The Project is expected to be completed during the year, financial institutions have sanctioned additional short term finance by way of redeemable convertible preference shares to the extent of Rs 30.96 cr.During the year 1999-2000, the net loss was Rs.983.13 lacs and the State Bank of India has sanctioned the rehabilitation and restructuring proposal and 40% of the working capital requirement of the company.

REGISTERED OFFICE

House No 19 Ambikagiri Nagar,
Milan Path R G Barua Road,Guwahati,
Assam-781024
India

Tell. : +
Website : http://www.pragbosimi.com
Email : secretarial@bosimi.com

REGISTRAR OFFICE

Unit No 1 Luthra Ind,
Safed Pool Andheri(E,Mumbai - 400 072
INDIA

Tell. : +91-22-2851 5606
Website : www.sharexindia.com
Email : sharexndia@vsnl.com