October 28, 2016 7:17 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Pasupati Spinning & Weaving Mills Limited

Company Overview

Pasupati Spinning & Weaving Mills Limited manufactures and sells textiles and textile articles in India. The company offers synthetic and blended yarns, cotton yarns, sewing threads, knitted fabrics, garments, and polyster and cotton wastes. It serves industries, such as knitwears, weaving, terry towel, carpet, etc. The company also exports its products to South Korea, Japan, Hong Kong, the Philippines, Morocco, Algeria, Egypt, Tunisia, Israel, Italy, Cyprus, Turkey, Croatia, Germany, Portugal, the Dominican Republic, and Brazil. Pasupati Spinning & Weaving Mills Limited was incorporated in 1979 and is headquartered in New Delhi, India.

1501, Nirmal Tower

26, Barakhamba Road

New Delhi,  110001


Founded in 1979


91 11 4763 2200


91 11 2331 6441

Key Executives for Pasupati Spinning & Weaving Mills Limited

Chairman and Managing Director
Age: 61
President and Executive Director
Age: 37
Total Annual Compensation: 720.0K
Chief Finance Officer
Total Annual Compensation: 1.4M
Whole Time Director
Age: 61
Total Annual Compensation: 341.0K
Compliance Officer and Company Secretary
Age: 42
Total Annual Compensation: 720.0K
Compensation as of Fiscal Year 2016.

Pasupati Spinning & Weaving Mills Limited Key Developments

Pasupati Spinning & Weaving Mills Limited Approves Appointment Jitender Malik as its Whole-Time Director

Pasupati Spinning & Weaving Mills Limited approved the appointment of Mr. Jitender Malik as Whole-Time Director in the annual general meeting held on September 29, 2016.

Pasupati Spinning & Weaving Mills Limited Announces Audited Earnings Results for the Year Ended March 31, 2016

Pasupati Spinning & Weaving Mills Limited announced audited earnings results for the year ended March 31, 2016. For the year, the company announced revenue from operations of INR 1,890,029,738 compared to INR 2,040,944,448 a year ago. Total revenues were INR 1,899,499,138 compared to INR 2,065,849,686 a year ago. Profit before tax was INR 2,228,560 compared to INR 1,770,721 a year ago. Profit for the year was INR 1,214,206 or INR 0.13 basic and diluted per share compared to INR 1,879,932 or INR 0.20 basic and diluted per share a year ago. Net cash from operating activities of INR 30,312,154 compared to INR 10,363,485 a year ago. Purchase of fixed assets was INR 11,772,883 against INR 12,161,653 a year ago.

Pasupati Spinning & Weaving Mills Limited, Annual General Meeting, Sep 29, 2016

Pasupati Spinning & Weaving Mills Limited, Annual General Meeting, Sep 29, 2016, at 10:00 Indian Standard Time. Location: KAPRIWAS (DHARUHERA) DISTT. REWARI Haryana India Agenda: To receive, consider and adopt the audited financial statement of the company for the financial year ended March 31, 2016, the reports of the Board of Directors and Auditor thereon; to appoint director in place of Mr. Vidit Jain , who retires by rotation and being eligible, offers himself for reappointment; to ratify the appointment of Statutory Auditors and to fix their remuneration for the financial year ending 31 March, 2017; to approve the remuneration of the Cost auditors; to approve the related party transactions proposed to be entered between the company and M/s Shivani Textiles Ltd. in which Shri Ramesh Kumar Jain, and Mrs. Vrinda Jain and Shri Vidit Jain , Directors of the company, are holding more than 2% paid up share capital along with their relatives; to appoint Mr. Jitender Malik as Whole Time Director of the company; and to consider payment of remuneration to Mr. Ramesh Kumar Jain, Chairman & Managing Director and Mr. Vidit Jain, Whole Time Director.

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