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August 14, 2017
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old /original post
Kesoram Textile Mills Limited was demerged about 11 years ago from the bluechip company Kesoram Industries Limited for taking over the troubled textile manufacturing business .Shareholders of Kesoram Industries Limited were allotted ( free ) shares of Kesoram Textile Mills Limited
It belongs to the renowned to the Basant Kumar Birla group which owns other textile gems like Century , Century Enka , etc. BK Birla is grandfather of Kumar Mangalam Birla of Grasim and Aditya Birla Nuvo ( which has textile units too )
Chairman : Surendra Kumar Birla
Directors
Jayant Sogani
RN Tibrewal
Registered Office And Factory :
42 , Garden Reach Road ,
Kolkata - 700024
Tel 033- 24893472 ;2469-7825 / 1106
Fax : 24696788
email : ktmltext@vsnl.net
RTA
MCS Limited
Kolkata-29
ISIN : INE 880A01017
Financial s as on 31-03-2009
Share Capital : Rs. 10 cr
Face Value : Rs. 2
Carried Forward Losses ( 2009 ) Rs,22 cr. 32 lakh
Loans ( 2009 ): Rs.9 cr 57 lakh
In the year 2008-09 turnover was only Rs. 60 lakh ( Net loss Rs.22 lakh ) as Mills were closed due to Labour problems.
But BIFR has held that Kesoram Textile Mills Limited is not a sick company within the meaning of Section 3 ( 1 ) ( 0 )
Kesoram Textile Mills on very valuable land has installed capacity of
1306 Looms
72,596 spindles
Textile industry in general is doing much better now.
Kesoram Textile Mills belong to the renowned BK Birla Group and may pass onto Kumar Mangalam Birla Group. Some form of restructuring including mergers can take place. So a long term-view of this share can be taken although nothing-spectacular for the present.
Listed : Only at Calcutta Stock Exchange
Status : Appear to be Illiquid
No. of Shareholders :( 2009 ) ; around 1,18,400
http://www.kesoramtextiles.com/COMPANY/reportofdirectors.html
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General Warning : Investment in shares can be injurious to your WEALTH.
Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .
( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer )
August 14, 2017
old /original post
Kesoram Textile Mills Limited was demerged about 11 years ago from the bluechip company Kesoram Industries Limited for taking over the troubled textile manufacturing business .Shareholders of Kesoram Industries Limited were allotted ( free ) shares of Kesoram Textile Mills Limited
It belongs to the renowned to the Basant Kumar Birla group which owns other textile gems like Century , Century Enka , etc. BK Birla is grandfather of Kumar Mangalam Birla of Grasim and Aditya Birla Nuvo ( which has textile units too )
Chairman : Surendra Kumar Birla
Directors
Jayant Sogani
RN Tibrewal
Registered Office And Factory :
42 , Garden Reach Road ,
Kolkata - 700024
Tel 033- 24893472 ;2469-7825 / 1106
Fax : 24696788
email : ktmltext@vsnl.net
RTA
MCS Limited
Kolkata-29
ISIN : INE 880A01017
Financial s as on 31-03-2009
Share Capital : Rs. 10 cr
Face Value : Rs. 2
Carried Forward Losses ( 2009 ) Rs,22 cr. 32 lakh
Loans ( 2009 ): Rs.9 cr 57 lakh
In the year 2008-09 turnover was only Rs. 60 lakh ( Net loss Rs.22 lakh ) as Mills were closed due to Labour problems.
But BIFR has held that Kesoram Textile Mills Limited is not a sick company within the meaning of Section 3 ( 1 ) ( 0 )
Kesoram Textile Mills on very valuable land has installed capacity of
1306 Looms
72,596 spindles
Textile industry in general is doing much better now.
Kesoram Textile Mills belong to the renowned BK Birla Group and may pass onto Kumar Mangalam Birla Group. Some form of restructuring including mergers can take place. So a long term-view of this share can be taken although nothing-spectacular for the present.
Listed : Only at Calcutta Stock Exchange
Status : Appear to be Illiquid
No. of Shareholders :( 2009 ) ; around 1,18,400
http://www.kesoramtextiles.com/COMPANY/reportofdirectors.html
---------------------------------------------------------------------------------------------------------------
General Warning : Investment in shares can be injurious to your WEALTH.
Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .
( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer )
Hi we have shares of Kesoram Textile Mills Ltd. If anyone has any interest to but them please let us know.
ReplyDelete
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Century Textiles & Industries Ltd
What to do with Kesoram Textile mills shares. It's in physical. Received letter to do kyc
ReplyDeleteRao Sir You may first convert these in to Demat. Then please see what dealers of Rare Indian Shares give you and take a decision to either keep holding or sell
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