Silkflex Polymers (India) Ltd Company Summary

Silkflex Polymers (India) Limited was originally incorporated on May 13, 2016 as Silkflex Polymers (India) Private Limited with the Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to Public Limited Company and the Company was renamed from Silkflex Polymers (India) Private Limitedto Silkflex Polymers (India) Limited vide fresh Certificate of Incorporation dated December 21, 2023 by the Registrar of Companies, Kolkata.Over the past year, Silkflex has embarked on a transformative journey that aims towards strengthening its core businesses in specialty chemicals and growing into related business areas. Company started the business in 2016, and engaged in trading of textile printing inks and water-based wood coating polymers products of a Malaysian based brand- Silkflex produced by Silkflex Polymers SDN BHD (Silkflex Malaysia).

Silkflex Malaysia manufacture products through its manufacturing unit located in Malaysia and the same products are then supplied around the globe through its authorised agents. The Company expanded the business into wood coatings at Ludhiana in 2019. The Company has the exclusive right to sell the products of Silkflex and the rights to use the brand name of Silkflex in India.

It offers a wide variety of products which consists of 108 textile printing ink products and 51 wood coating polymers products. The Company launched its IPO by issuing 34,82,000 equity shares of Rs 10 each and raised a fresh issue funds of 18.10 crores on 10 May, 2024.The Company commenced the factory construction at the Savli site on December 1, 2024. The Company is planning to enter into the manufacturing of textile ink printing products.