Ashnoor Textile Mills Ltd Share Price

(507872)

Ashnoor Textile Mills Ltd (formerly known as Gupta Carpets Udyog) founded in January 1984, is a leading textile manufacturing company that has production facilities in Amritsar, Agra, Mirzapur, Jaipur, Panipat, and Srinagar, India. In March 1992, the company made a rights issue of 35.85 lac equity shares at a premium of Rs 35 to set up a 100 EOU unit to manufacture terrywares, towelling, made-ups, bathrobes, jerseys etc. It also diversified into spinning and weaving of fabrics and bathroom mats, exclusively for exports. In 1989, a rights issue was made in the ratio of 1:2 at a premium of Rs 4 per share. Another rights issue of 88 lac equity shares was launched in 1986. This proceeds from both the issues were used to expand the activities of the company.

Chairperson Name: Suneel Kumar Gupta