September 15, 2014 11:03 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. It offers cotton yarn, polyester, nylon and water soluble threads, sewing threads, knitted fabrics, garments, and two ply yarns. The company exports its products to the United States, Brazil, Dominican Republic, Canada, Portugal, France, Morocco, Turkey, Algeria, Israel, Mauritius, Switzerland, Spain, Egypt, Bangladesh, Korea, Malaysia, Hong Kong, and Singapore. 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

India

Founded in 1979

Phone:

91 11 4763 2200

Fax:

91 11 2331 6441

Key Executives for Pasupati Spinning & Weaving Mills Limited

Chairman
Age: 59
Executive Director and Member of Share / Debenture Transfer-cum-Shareholders/Investors Grievance Committee
Age: 35
Total Annual Compensation: $672.0K
Whole Time Director
Age: 57
Total Annual Compensation: $672.0K
Compensation as of Fiscal Year 2014.

Pasupati Spinning & Weaving Mills Limited Key Developments

Pasupati Spinning & Weaving Mills Ltd Proposes to Adopt New Set of Articles of Association and Memorandum Association

Pasupati Spinning & Weaving Mills Ltd. proposed to adopt new set of Articles of Association and Memorandum Association at its AGM to be held on September 29, 2014.

Pasupati Spinning & Weaving Mills Limited Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2014

Pasupati Spinning & Weaving Mills Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported total income of INR 509.3 million compared to INR 441.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 24.2 million compared to INR 4.5 million a year ago. Profit from ordinary activities before tax was INR 7.7 million compared to loss from ordinary activities before tax of INR 12.8 million a year ago. Net profit after taxes, minority interest and share of loss of associates was INR 4.8 million or INR 0.51 per diluted share after extraordinary items compared to net loss after taxes, minority interest and share of profit of associates INR 12.8 million or INR 1.38 per diluted share after extraordinary items a year ago.

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Aug 12, 2014

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Aug 12, 2014. Agenda: To consider the quarterly results.

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