May 16, 2022 03:31 PM
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AB Cotspin India Ltd was originally incorporated as "Ganga Cottex Private Limited" at Jalandhar, as a Private Limited Company under provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 23, 1997. Subsequently, the Company was converted from Private Limited Company to a Public Limited Company pursuant to a special resolution passed by members of the Company in the Extra-ordinary General meeting held on March 20, 2010 and its name was changed to "Ganga Cottex Limited". Further, name of the company was changed to "AB Cotspin India Limited" and a fresh Certificate of Incorporation dated December 24, 2010; consequent upon change of name was issued by Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. The company is primarily engaged in manufacturing of cotton yarn, knitted fabric, cottonseed oil and oilcakes. It has presently one manufacturing facility which is located at, Jaitu (Dist Faridkot), Punjab. In 1997, the company started its journey in the name of `Ganga Cottex Private Limited` with Cotton ginning plant. In 2000, the company installed a crushing unit to extract oil from cotton and mustard seeds and expanded the product basket with the addition of cotton seed oil, mustard oil and oil cake. In 2011, the company ventured in manufacturing cotton yarn by setting up a spinning plant. In 2014, the company installed a knitting machine and thus forayed into manufacturing of knitted fabric. In 2015, a Membership certification of Better Cotton Initiative (BCI) was obtained by the company. In 2016, the company was accrediated as One Star Export House by DGFT. In 2018, the company was awarded First Prize for Largest Reduction in Accident Frequency in Cotton Textile Industry (1 Lakh -5 Lakh man hours) by the Directorate of Factories Punjab & Punjab Industrial Safety Council. In 2021, the Company holds SCOPE certificate that certifies that products such as Greige yarns, Fibres, Greige fabrics comply with Global Organic Textile Standard (GOTS).
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|Face Value Equity Shares||:||10|
|Market Lot Equity Shares||:||4000|
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