ARNAV CORPORATION LTD. SHARE PRICE [LIVE]
BSE: INE647D01014 NSE: ARNAVCORP SECTOR: Textile
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About ARNAVCORP
Today's live share price for ARNAV CORPORATION LTD. is NSE: N/A, BSE: N/A with a current market capitalization of .
Polypro Fibrils (I) was incorporated as a private limited company in Sep.'87. It was originally promoted by Ambrish Chheda and B M Gajjar. The management could not finalise the activity to be undertaken by the company due to their pre-occupations. Therefore, since incorporation there was no specific activity till 1993. After Dec.'92, when D J Chaturvedi joined the Board, the management decided to set up manufacturing units for tarpaulin and synthetic ropes. The present promoters are D J Chaturvedi, Harish Parikh, Parimal Parikh and Ashwin Deepala. The company became a public limited company in Dec.'94. The company set up an integrated plant for manufacturing synthetic ropes (inst. cap. : 1900 tpa) and tarpaulin (inst. cap. : 500 tpa) at Wada, Maharashtra. Commercial production of tarpaulin commenced in Mar.'95. It came out with a public issue of 18,07,000 equity shares of Rs 10 each for cash at par aggregating Rs 180.70 lac, in Dec.'95 to part-finance its project. The company has a buy-back arrangement with MTET, the UAE.
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