Jainex Aamcol Ltd share Price

Jainex Aamcol Limited was incorporated in Mumbai on April 15, 1947. The Company has a manufacturing unit in Aurangabad, Maharashtra for manufacture of Gear Cutting Tools viz. gear hobs, miling cutters and spline guages. The Company is a leading manufacturer of gear hobs and special cutting tools, inspection tools & precision accessories under the brand "Aamcol" and is a part of Jainex Group. Jainex Group is a conglomerate with offices in all the leading cities of India. The Group deals with steel, gear cutting tools, pneumatic brake systems for railways, and has a turnover of US$ 20 million. The Company has been catering to customers including automobile industries, industrial and special gearbox manufacturers, machine tool manufacturers, and many others. The Company`s product range includes various hobs for different applications such as Spur / Helical Gears, Chain Sprocket & Timer Pulleys, Worm Gears, Cutters, and other Inspection Tools & Precision Accessories. By producing international quality products, the company not only saved country`s foreign exchange but also generated it by exporting products. The Hon`ble Bombay High Court had vide its order dated December 08, 2011, sanctioned a scheme of arrangement of the company with its specified creditors for conversion of unsecured loans of Rs. 3.20 crores into 800000 equity shares of face value of Rs 10/- each at a premium of Rs 30/- per share. The preferential allotment has been done after payment of stamp duty during the year 2013.