July 23, 2017 5:31 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Shantai Industries Limited

Company Overview

Shantai Industries Limited engages in manufacturing textiles in India. It also exports its products. The company was formerly known as Wheel and Axle Textiles Limited and changed its name to Shantai Industries Limited in August 2016. Shantai Industries Limited was incorporated in 1988 and is based in Surat, India.

820, Golden Point

Near Telephone Exchange

Begumpura

Falsawadi, Ring Road

Surat,  395003

India

Founded in 1988

8 Employees

Phone:

91 26 1245 5425

Key Executives for Shantai Industries Limited

MD, Compliance Officer & Executive Director
Age: 57
Total Annual Compensation: 280.0K
Chairman & MD
Age: 58
Total Annual Compensation: 280.0K
MD & Executive Director
Age: 60
Total Annual Compensation: 280.0K
Chief Financial Officer
Total Annual Compensation: 120.0K
Company Secretary
Total Annual Compensation: 30.0K
Compensation as of Fiscal Year 2017.

Shantai Industries Limited Key Developments

Shantai Industries Limited, Board Meeting, Jul 11, 2017

Shantai Industries Limited, Board Meeting, Jul 11, 2017. Agenda: To consider the allotment of the bonus equity shares, to consider availing financial facility from bank, and to consider any other business with the permission of the chairman.

Shantai Industries Limited, Board Meeting, Jun 15, 2017

Shantai Industries Limited, Board Meeting, Jun 15, 2017. Agenda: To decide further course of action in relation to email received from Mr. Vijay Rochlani for addition of agenda in upcoming AGM to be held on June 24, 2017; and to consider any other business with the permission of the chairman.

Shantai Industries Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017

Shantai Industries Limited announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, on a standalone basis, the company reported net sales/income from operations of INR 346.463 million compared to INR 39.639 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3.462 million compared to INR 0.773 million a year ago. Profit from ordinary activities before tax INR 3.549 million compared to INR 0.761 million a year ago. Net profit was INR 2.415 million compared to INR 0.515 million a year ago. Basic and diluted EPS before extraordinary items was INR 4.83 compared to INR 1.03 a year ago. For the year, the company reported net sales/income from operations of INR 984.282 million compared to INR 59.918 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 10.804 million compared to INR 0.490 million a year ago. Profit from ordinary activities before tax was INR 10.842 million compared to INR 0.797 million a year ago. Net profit was INR 7.377 million compared to INR 0.551 million a year ago. Basic and diluted EPS before extraordinary items was INR 14.75 compared to INR 1.10 a year ago.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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