MKP Mobility Share Price

MKP Mobility Limited, formally known as Chitradurga Spintex Limited was incorporated as a Private company on 12 December, 1990 and was converted into a Public Limited Company in May 1992. The Companys name was changed to MKP Mobility Limited w.e.f. December 21, 2022. Presently, the Company is s involved into the business of distribution and exports Automotive Parts, Industrial Products, Mechanical and Electronic Components, Auto Care Products, Lubricants, Tyres, Batteries and Refurbished Parts.The Company was incorporated in 1990 to carry on the business of Spinning (Textile). The Company set up a plant to manufacture cotton yarn of 4s to 20s count, at Challakere (Chitradurga District), Karnataka, with termloan assistance from KSIIDC and KSFC. PhaseI of the project commenced commercial production in Feb.93.In 1995, in the phaseII of the project, the company diversified into low count cotton yarn of 4s and 6s count by importing conversion kits from Flitex Corveny Kosetec, Czech Republic and also expanded the existing capacity of phaseI. The company came out with a public issue of 30 lac equity shares of Rs 10 each for cash at par aggregating Rs 3 cr, in Jan.95 to partfinance phaseII of its project. The company replaced new 320 KVA DG set in the place of old 320 KVA DG set to take better advantage. It installed chute feeding system to blow room line at a cost of Rs 26 lac to improve quality of finished goods and production. The Company disposed off some of the textile machines after stopping the spinning activity from 31.12.2008.The object of the company was modified from Spinning (Textile) to carrying on business of Spinning (Textile), distribution and export of automotive parts, industrial products, mechanical and electronic components, auto care products, lubricants, tyres, batteries, refurbished parts, to generate, acquire by purchase, accumulate electrical power and transmit, distribute and supply such power by setting up power plants, to carry on the business of taking up and executing infrastructural projects in FY 2026.