435.80 -23.80(-5.18%)
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Incorporated in June, 1978 as a private limited Company, Siyaram Silk Mills Ltd (SSML) was converted into a public limited company in 1980. The Company belongs to the Siyaram-Poddar Group. Siyaram Finance is SSML's subsidiary. The Company is famous for its high-quality fabrics and apparel using a variety of blends made from poly viscose, cotton, wool, linen, bamboo and stretch. In addition, it operates a chain of franchised operated retail shops, offering menswear, fashion fabrics and apparel, and accessories. Presently, Company is manufacturing, branding and marketing Fabrics, Readymade Garments and Indigo Dyed Yarn. The brand names include Siyaram , J. Hampstead, Cadini and Oxemberg. The main product of SSML is polyester blended worsted fabrics. In Jul.'93, SSML came out with a Rs 15.37-cr rights issue of 18% PCDs to part-finance the Rs 16.56 cr expansion-cum-modernisation project.In 1998-99, the company installed 4 Sulzer Looms at Silvassa and 8 Dornier Looms at Tarapur Plants at a total cost of Rs 232 Lacs. During 2000-01 the company has installed 16 Air Jet Looms along with the other preparatory machines at its silvassa plant. The total cost of the project is Rs.35 crores and this has been partly financed by bank and balance through internal accruals of the compa...