Kamadgiri Fashion Share Price

Kamadgiri Fashion Limited was erstwhile incorporated as Kamadgiri Synthetics Limited in 1987. The Company changed its name from Kamadgiri Synthetics Limited to Kamadgiri Fashion Limited in 2010. The Unit at Umbergaon, Gujarat, has an installed capacity to manufacture 14 million meters p.a. KSL commenced production, sales and exports in 1987.KFL is a manufacturers of Fabric Apparel in Textile Industry. The companys product is exported to Egypt, Indonesia, Kuwait, Saudi Arabia, Bahrain, Colombia, Lebanon, U.A.E, Bangladesh, Jordan, Singapore. The company has been granted Export House Status by Government of India, Ministry of Commerce for a period of 3 years from 01.04.96 to 31.03.99. Company went public in Nov.93 to partfinance the increase in its existing weaving capacity from 21 lac mtr pa to 29 lac mtr pa by installing stateoftheart shuttleless weaving machines and to set up a spinning unit with a capacity of 360 tonnes per annum. Strips Apparels Limited, a subsidiary company was merged with the Company during the year 200607 and the said Scheme became effective on 29th June, 2009. As result of amalgamation and exchange ratio approved in the Scheme, Company issued 17,39,866 equity shares of Rs. 10/ aggregating to Rs. 17,398.66 in the ratio of 1 fully paid up equity share of Rs. 10/ each of the Company to be issued and allotted to shareholders of Strips Apparels Limited for every 3.44 equity shares of Rs. 10/ each held in by Strips Apparels Limited.Increasing demand for apparel from the fashion industry coupled with the growth of Ecommerce platforms is expected to drive themarket growth over the next few years.