MAHARAJA SHREE UMAID MILLS LIMITED is a part of the LN Bangur Group enterprise. Maharaja Shree Umaid Mills Limited is a spinning cum composite textile company engaged in the business of Yarns and Fabrics. The textile mill of the company is located at Pali, Rajasthan, and is technically and technologically well upgraded, operationally efficient, environmentally compliant.
Maharaja Shree Umaid Mills Limited produces 100% cotton yarn. The company is capable of catering to the need of both woven and knitted fabrics manufacturers as the company has both Rotors and Ring-Spun producing facilities. The company manufactures Carded/Combed Hosiery and weaving yarns, industrial yarns, Grey Polyester Viscose Blended, bleached/mercerized sewing thread yarns in Cotton, and 100% Viscose Yarns. The company has a total installed capacity of 96,432 Ring spindles and 1944 OE Rotors having a total output of about 60 tons per day.
The company supplies its products to domestic buyers, Export Oriented Units, and Overseas buyers. Apart from producing normal cotton yarn, the company also produces value-added yarn for adding varieties such as Slub Yarn, Compact Yarn, Reverse twist Yarn, Elli twist Yarn, Core Spun Yarn, Multi-fold Yarn, Bleached Mercerised Yarns.
The Fabric Segment of the company mainly includes 100% cotton Poplin. Apart from Dyed Poplins, it also produces Dyed Terry Rubia, Bleached Polyester Cotton & 100% Cotton Shirting, Cotton Grey Sheeting, and Dyed Casement. The company is producing fabrics with brighter colours, improved hand feel, and Anti Odour properties.
| Total Available Shares of Maharaja Shree Umaid Mills Limited : | 5,70,12,155 |
| Face Value of Maharaja Shree Umaid Mills Limited : | Rs. 10 Per Equity Share |
| ISIN of Maharaja Shree Umaid Mills Limited : | INE087D01013 |
| PAN No Maharaja Shree Umaid Mills Limited : | AABCM1849B |
| Lot Size Maharaja Shree Umaid Mills Limited : | 100 Shares |
| Last Traded Price of Maharaja Shree Umaid Mills Limited : | RS. 125 |
| Date of Delisting of Maharaja Shree Umaid Mills Limited | 02-Feb-15 |
| Rate of Delisting of Maharaja Shree Umaid Mills Limited | Rs.88.16 |
| Reason of Delisting of Maharaja Shree Umaid Mills Limited | Voluntary Delisting pursuant to SEBI ( Delisting of equity Shares) Regulations 2009 |
|
CIN of Maharaja Shree Umaid Mills |
U17124WB1939PLC128650 |
|
Registration Date of Maharaja Shree Umaid Mills |
12 August 1939 |
|
Category/Sub-category of Maharaja Shree Umaid Mills |
Company Limited by Shares |
|
Maharaja Shree Umaid Mills Registered office address and contact details |
7, Munshi Premchand Sarani, Hastings, Kolkata -700022 Phone: 033-22230016 |
|
Maharaja Shree Umaid Mills Registrar and Transfer Agent address and contact details |
Maheshwari Datamatics Pvt. Ltd. 23,R N Mukherjee Road, 5th Floor, Kolkata - 700001 Phone: 2243-5029 /5809 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Manufacturing and Sale of Textiles yarn & Fabrics |
13111, 13121, 13124 |
97.48% |
|
Generation and sale of wind power |
N.A |
2.52% |
Mr. LN Bangur (Chairman & Managing Director)
Mrs. Alka Devi Bangur (Director)
Mr. Yogesh Bangur (Deputy Managing Director)
Mr. Amitav Kothari (Independent Director)
Mr. Rajiv Kapasi (Independent Director)
|
Name of the Company |
Subsidiary/Associate |
% of shares held |
|
Placid Limited |
Holding |
82.64% |
|
MSUM Texfab Ltd |
Subsidiary |
100.00% |
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Placid Limited |
4,71,14,124 |
82.64% |
|
2 |
M.B. Commercial Company Limited |
28,20,200 |
4.95% |
|
3 |
The Kishore Trading Company Limited |
20,34,000 |
3.57% |
|
4 |
Amalgamated Development Limited |
16,61,333 |
2.91% |
|
5 |
Alka Devi Bangur |
12,55,000 |
2.20% |
|
6 |
Other Promoters |
12,79,300 |
2.24% |
|
7 |
Public Shareholding |
8,48,198 |
1.49% |
|
|
Total |
5,70,12,155 |
100.00% |
Cotton is an important part of the Indian economy as the Indian Textile industry is predominantly cotton-based. Cotton accounts for 60% of the textile industry’s raw material consumption basket. The textile industry of India contributes around 5% to the country’s GDP, 11% to export earnings, and 14% to industrial productions. Textile Industry is also the second-largest employer in India. India is one of the largest producers, exporters, and consumers of Cotton yarn. The textile industry of India is projected to touch US$ 223 billion by 2021.
The cotton sector is considered as the 2nd most developed sector in the textile industry of India. India is the largest producer of cotton-producing around 18% of the total world’s production. India also consists of the largest area under cotton cultivation in the world. Major cotton-producing states of India are Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Haryana, Madhya Pradesh, Punjab, and Rajasthan.
India is a leading exporter of Cotton Yarn and Fabrics. Cotton yarn and fabrics exports contribute around 23% to the total textile and apparel export from India. In FY 2020, India’s total cotton production stood at 36.04 million bales of 170 kgs each. In FY 2020, cotton fabrics, cotton yarn, and handloom products export reached US$ 10.01 billion. From April 2020 to February 2021, the total export of cotton and cotton products stood at US$ 8.71 billion.
Indian textile industry is facing huge liquidity crunchand uncertainty pertaining to future orders. The priority is to revive the growth as the Indian economy healsfrom the scars of Covid 19. Year 2021 is expected to be a tough year and major focus shall be on premium value added products,cost cutting, improving productivity, value added sustainable products to improve the profitability of theCompanies in this industry.It is expected that once Covid curve flattens and textile business improves the present integration ofspinning and weaving will largely help in achieving higher sales and profitability.
