December 21, 2014 12:58 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 combed and carded yarns; 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, the 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
Whole Time 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 Limited Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Pasupati Spinning & Weaving Mills Limited announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company announced net sales or income from operations, net of excise duty of INR 520.3 million compared to INR 506.4 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 16.9 million compared to INR 29.9 million a year ago. Profit from ordinary activities before tax was INR 0.4 million compared to INR 12.1 million a year ago. Net profit was INR 0.2 million or INR 0.03 per basic and diluted share for before and after extraordinary items compared to INR 12.1 million or INR 1.30 per basic and diluted share for before and after extraordinary items a year ago. For the six months, the company announced net sales or income from operations, net of excise duty of INR 1,018.9 million compared to INR 946.8 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 41.1 million compared to INR 34.4 million a year ago. Profit from ordinary activities before tax was INR 8.1 million compared to loss from ordinary activities before tax of INR 0.7 million a year ago. Net profit was INR 5.0 million or INR 0.54 per basic and diluted share for before and after extraordinary items compared to net loss of INR 0.7 million or INR 0.08 per basic and diluted share for before and after extraordinary items a year ago.

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Nov 14, 2014

Pasupati Spinning & Weaving Mills Limited, Board Meeting, Nov 14, 2014. Agenda: To consider and approve unaudited standalone earnings results for the second quarter and six months ended September 30, 2014.

Pasupati Spinning & Weaving Mills Limited Announces Executive Appointments

Pasupati Spinning & Weaving Mills Limited announced that at its annual general meeting was held on September 29, 2014, the shareholders approved the appointment of Ram Karan Bhardwaj as whole time director of the company for a period of five years and Anil Gupta as Independent director for a period of five years.

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