Sai Silks (Kalamandir) Ltd Performance
Open
187.4
Traded Value (Cr)
0.36
Prev. Close
186.85
Face Value
2
Volume
19110
Sai Silks (Kalamandir) Ltd Fundamentals
Sai Silks (Kalamandir) Ltd Financials
Resistance and Support
₹187.30
PIVOT
 Resistance | |
|---|---|
| First Resistance | ₹188.600 |
| Second Resistance | ₹190.350 |
| Third Resistance | ₹191.650 |
 Support | |
|---|---|
| First Support | ₹185.550 |
| Second Support | ₹184.250 |
| Third Support | ₹182.500 |
Delivery and Volume
About Sai Silks (Kalamandir) Ltd
The business was started as a Partnership Firm under the name of 'Sai Silks' on August 10, 2005 with Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi as its Partners. Subsequently, name of Partnership Firm was changed to 'Sai Silks (Kalamandir)' on March 4, 2008 to incorporate the brand name and further converted into a Private Limited Company vide Certificate of Incorporation dated July 3, 2008 under the name and style of Sai Silks (Kalamandir) Private Limited' from the Registrar of Companies, Andhra Pradesh at Hyderabad. The Company was further converted into a Public Limited Company on May 21, 2009 and consequently, name of Company was changed to Sai Silks (Kalamandir) Limited'. Through its four store formats, Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, the Company offer products to various market segments including premium ethnic fashion, ethnic fashion for middle income and value-fashion. The business was founded by Nagakanaka Durga Prasad Chalavadi a first generation entrepreneur. The Company established its first retail store outlet in Ameerpet, Hyderabad in 2005 and merely operated to 46 stores in Southern India States of Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. In 2011, it introduced 'Varamahalakshmi' retail store in Chickpet, Bengaluru and further, opened a retail store 'Mandir' in Banjara Hills, Hyderabad. On August 18, 2016, the High Court of Hyderabad sanctioned the amalgamation of I-ONE Investments Private Limited (Transferor Company) with the Company (Transferee Company), from October 1, 2015 as the Appointed Date. Accordingly, the SSKL Scheme was taken up and implemented to acquire the brand 'Kalamandir' and consequently, the entire business undertaking of I-ONE Investments Private Limited, were transferred to and vested into the Company as a going concern. The Company had entered into a Supplier's Agreement with Sai Retail India Limited (SRIL) dated April 1, 2017 for the purchase of apparel products from Sai Retail India Limited. As a result of discontinuation in business, the Company later acquired the business assets of Sai Retail India Limited with effect from April 1, 2022. It expanded the brand 'KLM Fashion Mall' to 18 stores with the first store launched in 2017. The Company is proposing a fresh issue of equity shares aggregating upto Rs. 600 crore and an offer for sale of upto 18,048,440 equity shares through Public Offer.
Managing Director
2008
Founded
Nagakanaka Durga Prasad Chalavadi
NSE Symbol
KALAMANDIR
Sai Silks (Kalamandir) Ltd Management
| Name | Designation |
|---|---|
| Ravindra Vikram Mamidipudi | Chairman & Independent Directo |
| Nagakanaka Durga Prasad Chalavadi | Managing Director |
| Kalyana Srinivas Annam | Whole-time Director |
| Durgarao Doodeswara Kanaka Chalavadi | Whole-time Director |
| Pramod Kasat | Independent Director |
| Sirisha Chintapalli | Independent Director |
| VENKATA RAMAKRISHNA KUNISETTY | Independent Director |
| Matte Koti Bhashkara Teja | Company Sec. & Compli. Officer |
Sai Silks (Kalamandir) Ltd News
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