Binny Mills Ltd Share Price

Description

• Binny Mills Ltd was incorporated as a public limited company on 20 December, 2007. The company obtained Certificate for Commencement of Business on February 6, 2008. Presently, the Company is engaged in the business of providing services and trading of goods. The company derives rental income by letting out on rent, its warehouses situated in Perambur, Chennai. Apart from this, it is indulged in retail sales of textiles, from its textile division in Chennai and from the showrooms in Bangalore. The company operates into four divisions viz., warehousing, showrooms, agencies and textiles. The warehousing division has rented its warehouses and is deriving rental income from it. The showroom divisions are engaged in retail selling of textile materials. The agencies division is engaged in the business of selling Tarpaulin, rain coats and bags and the textiles division is engaged in selling textile materials, particularly uniform materials, bed spreads, and other textile varieties. Pursuant to the Demerger Scheme of Binny Ltd, the Agencies and Services Undertaking of Binny Ltd was transferred to and vested in the Company, with effect from 1 January 2010, the Appointed Date as per the Demerger Scheme.

• Binny Mills Ltd was incorporated as a public limited company on 20 December, 2007. The company obtained Certificate for Commencement of Business on February 6, 2008. Presently, the Company is engaged in the business of providing services and trading of goods. The company derives rental income by letting out on rent, its warehouses situated in Perambur, Chennai. Apart from this, it is indulged in retail sales of textiles, from its textile division in Chennai and from the showrooms in Bangalore. The company operates into four divisions viz., warehousing, showrooms, agencies and textiles. The warehousing division has rented its warehouses and is deriving rental income from it. The showroom divisions are engaged in retail selling of textile materials. The agencies division is engaged in the business of selling Tarpaulin, rain coats and bags and the textiles division is engaged in selling textile materials, particularly uniform materials, bed spreads, and other textile varieties. Pursuant to the Demerger Scheme of Binny Ltd, the Agencies and Services Undertaking of Binny Ltd was transferred to and vested in the Company, with effect from 1 January 2010, the Appointed Date as per the Demerger Scheme.