167.04 4.44(2.73%)
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Mahalaxmi Rubtech Limited (MRL) incorporated in September, 1991 in the State of Gujarat as a Public Limited Company and obtained Certificate for Commencement of Business. At present, the Company is engaged in manufacturing and marketing of products falling under the segment of Traditional Textiles and Polymer based Technical Textiles & Rubber. The Company was promoted by Mr. Jeetmal Parekh in the industry and business of textile, chemicals, dyes and rubber industries. It mainly operates mainly in two broad areas: Traditional Textiles Division and Polymer Based Technical Textile Division. In 2005-06, Company's Project of Textile Weaving Division named as 'MAHEEKA TEXTECH ' has commenced the commercial activities. The amalgamation of Mahalaxmi Fabric Mills Pvt. Ltd. (MFMPL) with Company was implemented and made effective from 01.04.2007. Through the Scheme of Amalgamation, and in consideration of transfer and vesting of undertaking of MFMPL, the Company allotted 3646400 equity shares on 30.01.2009 to the shareholders of MFMPL as per the exchange ratio of 43 equity shares of the Company for every 1 equity share of MFMPL. i.e., 43:1.In FY 2024, pursuant to the Scheme of Arrangements between the Company, Mahalaxmi Fabric Mills Limited (MFML) and Globale Tessile Limited (G...