Vardhman Holdings Ltd Performance
Open
3034.35
Traded Value (Cr)
12.49 L
Prev. Close
3010.75
VWAP
3053.33
Volume
608.00
Face Value
10
Vardhman Holdings Ltd Fundamentals
Vardhman Holdings Ltd Financials
Resistance and Support
₹3,050.60
PIVOT
Resistance | |
---|---|
First Resistance | ₹3,089.200 |
Second Resistance | ₹3,135.500 |
Third Resistance | ₹3,174.100 |
Support | |
---|---|
First Resistance | ₹3,004.300 |
Second Resistance | ₹2,965.700 |
Third Resistance | ₹2,919.400 |
RSI | 48.312 |
MACD | 18.086 |
ADX | 27.329 |
CCI | -78.310 |
Delivery and Volume
About Vardhman Holdings Ltd
Vardhman Holdings Ltd (Formerly known Vardhman Spinning & General Mills Ltd) was incorporated in 1962 and commenced production in 1965. It was promoted by V S Oswal and R C Oswal and is a part of the Vardhman group, which also includes companies like Mahavir Spinning Mills and Vardhman Polytex. The Company is presently engaged in lending and investing activities. In Nov.'92, the company came out with a Rs 47.82-Cr. Rights Issue of 14% PCDs to part-finance its expansion and to meet long-term working capital requirements, totaling Rs 58 cr. VSGML has a product portfolio consisting of cotton/worsted blended yarn and, cotton yarn and fabric. The company exports to the UK, Spain, Germany, Italy, Hong Kong, Indonesia, Japan, the US, and African countries. VSGML became an Export House in 1990-91. It also received the ISO 9002 certification for its textile mill. The company sold its steel unit at Faridabad to Mahavir Spinning Mills in Mar.'95. The company's Fabric Process House in the name and style of 'Auro Textiles' at village Baddi, H.P. in technical collaboration with Tokai Senko of Japan, with an annual installed capacity of 30 million metres started commercial production in December 1999. The 100% EOU Spinning unit at Industrial Focal Point, Ludhiana was commissioned in March 2002. The Dyeing Unit at Baddi was fully modernised and the capacity was expanded to 9 tons per day. The company also installed 2 Open End Spinning Machines of 264 Rotors each to cater to weaving yarns requirement. During the year 2004-05, as part of the Scheme of Arrangement and Demerger between Vardhman Spinning and General Mills Ltd and Mahavir Spinning Mills Ltd, the Textile Business of the Company was demerged to Mahavir Spinning Mills Limited with effect from 1st April, 2004. As per the said Demerger, the Company was left with assets other than that related to textile business, which mainly comprise of investments in the shares of the Group companies. And hence, the name of the Company was, therefore, changed from 'Vardhman Spinning and General Mills Limited' to 'Vardhman Holdings Limited' with effect from 27th March, 2006. In accordance with the Scheme of Arrangement and Demerger, the shareholders of the VSGML were allotted/issued 8 Equity Shares of the Mahavir Spinning Mils Ltd and 2 Equity Shares of the VSGML for every 10 Equity Shares held in the VSGML and accordingly, the Company issued 31,91,536 equity shares of Rs. 10/- each in lieu of the retained shares in the Company.
Managing Director
Paul Oswal
Founded
1962
NSE Symbol
VHL
Vardhman Holdings Ltd Management
Name | Designation |
---|---|
Paul Oswal | Chairman & Managing Director |
Sachit Jain | Non Executive Director |
Suchita Jain | Non Executive Director |
Rajeev Kumar Mittal | Independent Director |
Vikas Kumar | Non Executive Director |
Sanjeev Jain | Independent Director |
Shakun Oswal | Non Executive Director |
Swati Mangla | Company Sec. & Compli. Officer |
Pooja Mehta | Independent Director |
Devendra Bhushan Jain | Independent Director |
Manjul Pahwa | Independent Director |
Vardhman Holdings Ltd News
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