Divyadhan Recycling Industries Ltd

Divyadhan Recycling Industries Limited (DRIL) was incorporated as a Private Limited Company with the name of 'Divyadhan Consultants Private Limited' vide certificate of incorporation dated May 03, 2010, issued by Registrar of Companies, Maharashtra, Mumbai. Thereafter, the name changed from 'Divyadhan Consultants Private Limited' to 'Divyadhan Recycling Industries Private Limited' vide certificate dated November 10, 2023. Further, status of Company was converted into a Public Limited and the name of Company changed to 'Divyadhan Recycling Industries Limited' & Registrar of Companies, Mumbai issued a New Certificate of Incorporation upon the conversion dated March 2,2024. DRIL was formed by executives from textiles industry with experience in Yarn Spinning and Home Textiles. Company is manufacturing Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. It acquired manufacturing facility in 2016. It further started the operations in FY 2018-19, by manufacturing Recycled Polyester Staple Fibre (R-PSF) at their facility based in Baddi, Himachal Pradesh having a capacity of 8030 metric tons per annum. The Company produce Hollow and Solid Recycled Polyester Staple Fibre, which gives good resilience properties and is used to make premium pillows, cushions and quilts. The recycled fibre is supplied to various industries such as Packaging, home furnishing and Textiles. Further, in November 2023, the Company also started manufacturing of Recycled Pellets. The Company raised funds through public issue aggregating to Rs 24.17 crore comprising a fresh issue of 37,76,000 Equity shares of Rs 10 in September 2024.