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* - Tentative Dates
The Company proposes to utilize the net proceeds raised through the Issue for the below mentioned Objects:
Akshar Spintex Ltd's revenue increased by 29% and profit after tax (PAT) rose by 224.99% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 73.86 | 76.44 | 92.88 |
| Revenue | 177.91 | 137.92 | 175.57 |
| Profit After Tax | 3.46 | -2.76 | 7.02 |
| Net Worth | 43.88 | 40.64 | 43.23 |
| Reserves and Surplus | 13.88 | 15.64 | 18.23 |
| Total Borrowing | 18.98 | 17.67 | 25.65 |
| Amount in ₹ Crore | |||
Incorporated in 2013, Akshar Spintex operates in the textile sector. The company manufactures cotton yarn, including combed, semi-combed, and carded yarn.
Its product range includes fibres (100% natural cotton, 100% BCI Certified Cotton, 100% organic certified cotton, 100% Model, 100% Excel, etc.) and Yarn (100% Carded Cotton Yarn, 100% Semi Combed Cotton Yarn, 100% Combed Cotton Yarn, Slub Yarn, Fancy yarn, Melange Yarn, Blended Yarn, etc.)
It has a manufacturing setup facility of 220,000 square feets in Kalavad, Jamnagar, Gujarat with capacity of 24,480 spindles with annual production of 7,500 MT.
