Major events during the Year 2010-2011

» Since March, 2010 additional capacity increase is as follows:
    Ring frame Spindles: 7824
    Air Jet Spindles: 160
    Looms: 72
    Garments (Trousers): 6500 Pieces / Month
    Garments (Jackets): 12125 Pieces
    Fabric Processing: 1 million Meters / Month

» Second unit of Coal based Thermal Power Plant is likely to commence with effect from
   February, 2011.

» Company has taken up further expansion cum modernization projects with CAPEX of
   Rs. 4626 lacs in Spindles,
   Rs. 1800 lacs in Looms,
   Rs. 900 lacs in Fabric Processing, and
   Rs. 500 lacs in Readymade Garments.
 
» Company is likely to reach turnover of Rs. 800 Crores during the year 2010-11.
» Company plans to go in a big way into Technical Textiles.
» Company is likely to come up with a Domestic Brand for superior fabric soon.

Major events during the Year 2009-2010

» Company started production of technical fabric and jacquard technical fabric.
» Company added one more imported Italian make Stenter with other balancing/value adding machines to increase the fabric processing capacity/quality up to 3 million meters a month.
» Board of Directors allotted 16.50 lac warrants to other than promoters at a price of Rs.41/- per warrant.  Each warrant will be converted into 1 fully paid Equity Share.
» Purchased 18292 sq. ft. land and 18089 sq. ft. building constructed thereon at Daman to  further expand the garment business of the Company.

Year 2008-09

» Started Worsted Spinning Division to produce wool mixed yarns.
» Commencement/ utilization of enhanced processing capacity from 16 lacs meters/month to 22 lacs meters/month.
» Started additional lines for production of trousers and jackets at Surat SEZ Plant and Suits at Daman Plant.
» Started production of Made-up's/Décor at Banswara.
» Started Cotton yarn dyeing at Banswara.
» Developed world class fabric testing laboratory as per ISO, AATCC, ASTM, LS & Co., M & S etc. testing protocol.  The laboratory has successfully achieved accreditation of Levis & Co., Marks & Spencer and undergoing ISO 17025 NABL accreditation. 
» Developed fabric designing section and created a garment studio at Mumbai for improvement in fabric and garment designs. 
» Started sale of electricity to the State Electricity Board.

Year 2007-08

» Commencement of commercial production of ;
          » 18 MW captive thermal power plant.
          » Garment Unit at SEZ Surat.
          » Jackets at Garment factory at Daman 
» Commencement of trial production of furnishing fabrics in Jacquard Weaving Division. 
» The Company discontinued the labour job spinning contract with Banswara Fabrics Limited and taken over the workforce of BFL on its rolls

Major events during the Year 2006-07

» Company’s Joint Venture Company, Carreman Fabrics India Ltd. started the commercial    production.
» Company’s new Garment unit at Daman started commercial production.
» Company started construction of building for new garment unit at SEZ Surat.
» Company purchased 17762 Sq. Meter Land with building constructed thereon at Banswara, near  its existing production units.
» Company issued bonus shares to its shareholders.
» Company’s  Equity Shares Listed with National Stock Exchange of India Ltd.