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Major events
during the Year 2006-07
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Company’s Joint Venture Company, Carreman Fabrics India
Ltd. started the commercial
production.
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Company’s new Garment unit at Daman started commercial
production.
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Company started construction of building for new garment
unit at SEZ Surat.
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Company purchased 17762 Sq. Meter Land with building
constructed thereon at Banswara, near its existing
production units.
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Company issued bonus shares to its shareholders.
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Company’s Equity Shares Listed with National Stock
Exchange of India Ltd.
Year 2007-08
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Commencement of commercial production of ;
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18 MW captive thermal power plant.
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Garment Unit at SEZ Surat.
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Jackets at Garment factory at Daman
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Commencement of trial production of furnishing fabrics
in Jacquard Weaving Division.
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The Company discontinued the labour job spinning
contract with Banswara Fabrics Limited and taken over
the workforce of BFL on its rolls
Year 2008-09
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Started Worsted Spinning Division to produce wool mixed
yarns.
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Commencement/ utilization of enhanced processing
capacity from 16 lacs meters/month to 22 lacs
meters/month.
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Started additional lines for production of trousers and
jackets at Surat SEZ Plant and Suits at Daman Plant.
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Started production of Made-up's/Décor at Banswara.
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Started Cotton yarn dyeing at Banswara.
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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.
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Developed fabric designing section and created a garment
studio at Mumbai for improvement in fabric and garment
designs.
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Started sale of electricity to the State Electricity
Board.
Year 2009-2010
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Company started production of technical fabric and
jacquard technical fabric.
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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.
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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.
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Purchased 18292 sq. ft. land and 18089 sq. ft. building
constructed thereon at Daman to further expand the
garment business of the Company.
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