Sambandam Spinning Mills Share Price

Sambandam Spg.

CMP as on 29-Jan-15 0:00

₹ 80.00
-0.05 -0.06%

Open

₹ 80.00

Turnover (lac)

Prev. Close

₹ 80.05

Day's Vol (shares)

₹ 600

Day's Range (₹)

₹ 80.00
₹ 80.00

CMP as on07-Aug-20 9:18

₹ 55.90
0 0%

Open

₹ 55.90

Turnover (lac)

Prev. Close

₹ 55.90

Day's Vol (shares)

₹ 900

Day's Range

₹ 55.90
₹ 55.90

Incorporated in 1973, S P Ratnam is the chairman and S P Sambandam is the managaging director of the company. SSL manufactures yarn at its three spinning mills in Tamilnadu, of which two are in Salem district and one in Coimbatore district. SSL allotted bonus shares in the ratio of 1:2 in May 94. Subsequently, in Aug.94, it offered rights at a premium of Rs 40 per share. Presently, the total installed spinning capacity of the mill is 47,356. SSL went public in Jan.95 at a premium of Rs 40 to part-finance its expansion programme to have an installed capacity of 50,460 spindles. This is likely to be completed in Mar.97. The company started a windmill project from Sep.95, to generate 225 kW power, at Poolavadi in Coimbatore district. In 1995-96, SSL earned foreign exchange worth Rs 33 lac. During 1996-97, due to uptrend in the price of Yarn and Cotton, the company is not in a position to hazard any favourable change in the profitability of the company. In 1996-97, SSL earned foreign exchange worth Rs. 98 Lacs. In May 1998, the company was awarded the ISO 9002 Qality Accreditation certificate by SGS, a testimony for quality work processes.During the year 1999-2000, the Company availed term loans from financial institutions towards working capital to an extent of Rs. 1070 lakhs and repaid term loans to an extent of Rs. 316 lakhs. The Company also incurred capital expenditure of Rs. 187 lakhs during the year.

  • Chairman & Managing Director

    S Devarajan
  • Joint Managing Director

    S Jegarajan
  • Joint Managing Director

    S Dinakaran
  • Director

    D Sudharsan
  • Independent Director

    S Gnanasekharan
  • Independent Director

    Kameshwar M Bhat
  • Independent Director

    VENKATESAN SEKAR
  • Independent Director

    D Balasundaram
  • Director

    Annapoorani Venugopalan

Registered Office

Mill Premises Post Bag No 1,
Kamaraj Nagar Colony,Salem,
Tamil Nadu-636014

REGISTRAR OFFICE

Subramanian Building,
Club House Road,Chennai - 600002
INDIA