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About Premier Synthetics
Incorporated in 1969, Premier Synthetics (PSL) manufactures texturised yarn and fabric. Most of the income of the company comes from trading. PSL undertakes trading of yarn, fabrics (both grey and processed), suitings, shirtings, etc. The company has focusing more on trading than to manufacture. It was promoted by the Arya group. Anand Arya is the chairman of the company.
PSL went public in May '93 to part-finance its expansion project. PSL expanded its capacity for twisting and also added a rotor spinning unit to manufacture yarn for exports. Commercial production of this project commenced in Jun.'94. The company has undertaken a diversification programme to manufacture cotton yarn at Rakoli, Silvassa.
In 1995-96, the company has undertaken a diversification programme for the manufacture of cotton yarn in the Mehsana district of Gujrat. The project was apprasied by Industrial Finance Corporation of India Limited (IFCI). The company has invested Rs. 1.70 cr in Premier Equity Limited, a Subsidiary Company.
During 1999-2000, the net accumulated losses exceeded more than 50% of its peak networth and hence it has become a sick industrial company as per SICA, 1985.The company has appealed against the said order of the Hon'ble BIFR before the Hon'ble AAIFR and the same is still pending.
Parent Organisation
Arya Anand
Managing Director
None
Founded
1970
NSE Symbol
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Premier Synthetics Ltd FAQs
What is the share price of Premier Synthetics Ltd (Premier Synthetics Ltd) shares?
Premier Synthetics Ltd (Premier Synthetics Ltd) share price as of October 22, 2024, on NSE is Rs 21.16 (NSE) and Rs 21.16 (BSE) on BSE.
Can I buy Premier Synthetics Ltd (Premier Synthetics Ltd) from Angel One?
Yes, You can buy Premier Synthetics Ltd (Premier Synthetics Ltd) shares by opening a Demat account with Angel One.
How do I buy Premier Synthetics Ltd (Premier Synthetics Ltd) from Angel One?
Premier Synthetics Ltd (Premier Synthetics Ltd) share can be bought through the following modes:
1. Direct investment: You can buy Premier Synthetics Ltd (Premier Synthetics Ltd) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Premier Synthetics Ltd (Premier Synthetics Ltd) shares.
1. Direct investment: You can buy Premier Synthetics Ltd (Premier Synthetics Ltd) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Premier Synthetics Ltd (Premier Synthetics Ltd) shares.
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