The company was incorporated on December 10, 1990 under the provision of the Companies Act 1956, to carry on the business of Spinning (Textile). The Company has disposed of some of the textile machineries after stoppage of spinning activity, and taken steps to dispose of remaining textile machines. The Company has cleared all secured liabilities and as of now the Companies liability is very meagre which is normal in normal course of business. The directors are under the process of exploring other avenues of diversifying into new areas of business to continue in operational existence. The registered office of the Company is situated at Roadchallekere Challekere Chitradurga KA, Bangalore, India.
Business area of the company
The main objective of the company was to carry on the business of Spinning (Textile).