Kandagiri Spinning Mills Ltd.

The Company manufactures 100% Cotton Yarn, BCI Yarn, Organic Yarn on Carded and Combed as single, Double, TFO, Weaving and knitting yarn. The company also manufactures value added products viz High Twist, Gassed and Mercerized compact yarn and Slub yarn. The company manufactures special yarn like Poly cotton yarn and Bamboo yarn. Count Range Ne 16's to 80's and Ne 2/16's to 2/80's. Company made a public issue of 11,36,500 equity shares of Rs.10/- each at a premium of Rs.40/- per share aggregating to Rs.568.25 lakhs in the year 1995. The issue was over subscribed and the shares were fully allotted. At present the paid up capital of the Company is Rs.3,84,92,500 against the Authorised Capital of Rs.5 crores. The Company's shares are listed in the Bombay Stock Exchange. The Company Presently is headed by Chairman and Managing Director Sri.R.Selvarajan, S/o. Sri.S.P.Ratnam, Founder has four decades of experience in yarn trade/manufacture and Chief Financial Officer and Director Sri.S.Vijay Shankar son of Sri.R.Selvarajan, a management graduate and has experience in the field of textiles. They are very much involved in running the Company successfully with a closely knit team of qualified, youthful and skilful team of technical and other managers and workforce. Importance is given to adherence to quality systems and schedules. Customer requirements awareness is indicated to the good root level workers. The Company has four Independent Directors, viz. Dr.V.Gopalan, Management Consultant, Sri.N.Asoka, Engineer and Industrialist, Sri.S.Gnanasekharan, Practising, Company Secretary and Sri. ameshwar M Bhat, Financial Consultant. These four independent directors are in the Audit Committee of the Company which reviews and recommends all financial proposals, quarterly and annual accounts before submission to the Board of Directors of the Company. Present strength of the Board is Nine Directors. As stated earlier, Kandagiri Spinning Mills Limited is a significant member of the Sambandam Group of Companies. It strives for ...