Shri Techtex Share Price

Shree Techtex Limited was originally formed and registered as a Partnership Firm in the name of M/s Shree Techtex Company, pursuant to a Deed of Partnership dated January 7, 2011. Later on, name of M/s Shree Tech Tex Company changed to M/s Shri Techtex on July 03, 2018 by amendment in Deed of Partnership. M/s Shri Techtex thereafter, was converted from a Partnership Firm to a Private Company in the name of Shri Techtex Private Limited dated September 08, 2018 from the Central Registration Center. Subsequently, Company was converted into a Public Limited Company on December 31, 2022 and its name was changed to Shri Techtex Limited. A fresh Certificate of Incorporation dated January 03, 2023 was issued by the Registrar of Companies, Ahmedabad.The Company specializes in the production of technical textiles, specifically nonwoven fabrics. The manufacturing facility is situated at Dholka Taluka in Ahmedabad District of Gujarat having an installed capacity of 3600 MT PP nonwoven fabric per annum. Since FY 2011, as a Partnership firm, the Company was engaged in the business of industrial trading activity in Polymers, Chemicals, Packaging Materials and other allied products. Later, in 2021, the Company acquired Equity Shares of Aurum Fabrictech Private Limited and Aurum Fabrictech became the wholly owned subsidiary of the Company effective on April 01, 2021.A Scheme of Arrangement between the Company, Aurum Fabrictech Private Limited and their respective shareholders and creditors was approved by Regional Director Ahmedabad on December 24, 2021, which became effective from April 01, 2021. However, the whole undertaking of the Company of contract manufacturing was transferred to and vested in as a going concern with Aurum Fabrictech Private Limited, as a result of demerger and consequently, Aurum Fabritech Private Limited was converted to LLP w.e.f. February 02, 2022. After the demerger process got completed, the Company has engaged in the business of manufacturing of Polypropylene (PP) NonWoven Fabric.The Company raised funds through IPO in July, 2023 by issuing 74,00,000 equity shares of face value of Rs 10 each aggregating to Rs 45.14 crores.