Eurotex Industries and Exports Share Price

Belonging to the Patodia Group of Industries and promoted by PBM Polytex, Eurotex Industries Exports Limited was incorporated in February, 1987. The Company is a Government Recognized Trading House and is having cotton yarn spinning and knitted fabrics manufacturing unit.The Company is mainly engaged in the business of manufacturing of cotton yarn, knitted fabrics and real estate development. It produces cotton yarn of various counts from 30s to 100s. Being a 100% EOU, has agency and selling arrangements with various reputed buyers in the UK, Switzerland, Germany, Italy and Japan. The Company commenced manufacture of Cotton Yarn in 1989. It diversified into the processing of yarn and manufacture of woven and knitted superfine cotton fabric of international standards, for which it came out with a rights issue at a premium in Oct.92. It started production of phaseI of its expansion project of 14,112 spindles at the second (new) 100% EOU. The entire spinning plant got imported from Switzerland. To meet the working capital requirements, the Company had issued 13% Debentures of Rs.5 Cr. to UTI Banks in 2001 and same were redeemed during the year itself.