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YEAR EVENTS
1988 - The Company was originally incorporated as Ambika Cotton Mills
Private Ltd as a Private Limited Company on 6th October , in the State
of Tamil Nadu, and subsequently converted into a Public Limited
Company on 5th September, 1994.
- The Company was promoted by Shri P K Ganeshwar, Shri M Rathanasamy
and Shri P V Chandran, for setting up a cotton spinning mill. The mill, located
in Dindigul, Tamil Nadu, commenced operations in January 1990. The
project, with an initial capacity of 6048 spindles was part-financed by a term
loan from State Bank of India. The Company carried out an expansion scheme
to add certain back-process machinery in February 1991, which was also
funded by the State Bank of India.
1992
-The company began implementation of an expansion project to double its
spindlage to 12096 spindles by the addition of 6048 spindles. This project
which was financed by means of a medium term loan from State Bank of India
and the State Bank of Mysore on a consortium and through a Deferred
Payment Guarantee limit from IDBI. The project was successfully completed
in March 1993.
1994
-The Company added Comber machines to its production line and humidification
system. This was funded by SIPCOT through a term loan of Rs. 90.86 lacs.
-The Company currently manufactures combed and carded cotton yarn of counts
ranging from 30's to 40's. These are used by hosiery manufacturers to convert
the same into fabric or garments.
2000
-The Company has chalked out a Rs 14-crore expansion-cum-modenrisation programe.
2005
-The Company has recommended a dividend of 20%.
2006
-The Company has recommended a dividend of 20%
2007
-The Company has recommended a Dividend of 25%
2008
-The Company has appointed Mr. Sunil Kumar Kolangara, as a Director in the Company.
-The Company has recommended a Dividend of 20%.
2009
-The Company has recommended a Dividend of Rs 2/- per share (20% on face value of Rs 10/- each).
2010
-The Company has recommended payment of Dividend at Rs. 3/- per equity share of Rs. 10/- each.
-The Company has approved a proposal to enhance the Wind power capacity of the Company for the purpose of captive consumption from the present level of 15.4 MW to 26.6 MW by adding another 11.2 MW to the existing capacity in Tamilnadu.
2011
-The Company has recommended a Final Dividend at Rs. 3/- per equity share of Rs. 10/- each.
2012
-The Company reappointed Sri. P. V. Chandran as Chairman and Managing Director of the Company.
-The Company appointed Mrs. Vidya Jyothish Pillai as an additional Director of the Company.
-The Company has recommended payment of Final Dividend at Rs. 3/- per equity share of Rs. 10/- each.
2013
- Board has recommended a payment of Dividend at Rs. 9.50/- per equity share of Rs. 10/- each.
2014
- Board has recommended a payment of Dividend at Rs. 12.50/- per equity share of Rs. 10/- each.
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