About us

BRIEF HISTORY OF THE COMPANY

The Company was originally incorporated as Private Limited Company in the name & style of “A.K. Processors Private Limited” on October 6, 1994 having object of Processing of man made fabrics. Later to expand the area of operation and to fulfill its Capital requirement the Company was converted as Public Limited Company on January 6, 1995. In eighties there were lots of opportunities in textile sector. The Government focused on textile development.To avail this opportunity the Company decided to start fabric processing business and the name of the Company was changed to “A.K. Spintex Limited” on February 24, 1995.

BUSINESS ACTIVITIES OF THE COMPANY

Experienced Management and Employees

The Company has a team of experienced management and employees who posses significant experience in the fabric processing in textile sector. Our management and professional personnel have extensive experience in anticipating market trends, identifying new markets and potential sites for development. Their experience includes relationships with the customers and suppliers from whom we source raw materials and the contractors we engage for job processing services, allowing us to better manage the quality, schedule and cost of the materials and production in our premises. We believe that this experience and expertise will enable us to replicate our business model in other geographic areas of India.

Our standardized and documented internal processes.

Under the guidance of our Management, we have documented our internal processes and methodologies which ensure that each department and each employee of our Company are aware of their respective roles and obligations, and each activity of fabric processing and development is as per the standards of quality that we have set for ourselves. This also ensures uniformity in all our processes.

Established Reputation for Quality Projects and Construction

We have successfully completed several years in this market. We have never experienced any significant quality issues nor have we ever been cited for any quality deficiencies in fabric processing. We believe customers identify our products with quality and, as a result, we enjoy customer confidence, enhancing our ability to sell our products.

Management of the company

A.K. Spintex Ltd. is a professionally managed company. Under our Articles of Association, we are required to have not less than three directors and not more than twelve directors. The overall management is vested in the Board of Directors, comprised of qualified and experienced persons. We currently have five directors on our Board out of which 3 are non-executive directors and two are executive directors.

Demat Credit

The Company has executed Agreements with NSDL and CDSL for its securities in Demat form. Tripartite agreements have been signed between the Company, the Registrar and CDSL and NSDL. The ISIN No. allotted to the Company is 671K01019.

Registrar of Companies

Jaipur,Rajasthan

Stock Exchanges Where Company is listed

Delhi Stock Exchange Ltd., DSE House-3/1, Asaf Ali Road, New Delhi-110002

Stock Exchanges Where Company is listed

Jaipur Stock Exchange Ltd. Stock Exchange building, JLN Marg, Malviya Nagar, Jaipur - 302017

Auditors

M/S O.P. Dad and Company,Pur Road,Bhilwara – 311 001

MANAGEMENT OF THE COMPANY

A.K. Spintex Ltd. is a professionally managed company. Under our Articles of Association, we are required to have not less than three directors and not more than twelve directors. The overall management is vested in the Board of Directors, comprised of qualified and experienced persons. We currently have five directors on our Board out of which 3 are non-executive directors and two are executive directors.

BRIEF PROFILE OF DIRECTORS

Shri Prakash Chand Chhabra

Managing Director

Shri Tilok chand Chhabra

Director

Shri Sourabh Chhabra

Director

Shri. Praveen Kumar Kothari

Independent Director

Shri Sandeep Hinger

Independent Director

Smt Divya Rameshchandra Kacchara

Independent Director

Corporate Governance

Good corporate governance is a pre-requisite for enhancing shareholder’s long-term value. The company’s policies and practices are aimed at efficient conduct of business and effectively meeting its obligations to shareholders.AKSL has been consistently improving transparency and accountability to all its shareholders.

The Company complies with the current requirements relating to corporate governance, under the Listing Agreement entered into with the Stock Exchanges. AKSL firmly believes that good corporate practices underscore its drive towards competitive strength and sustained performance. These practices are also powerful tool for building trust and long-term relationship with stakeholders of the Company. Company’s thrust on transparency, integrity, accountability and disclosure has enabled it to accomplish best Corporate Governance practices.

The company has complied with SEBI Guidelines in respect of Corporate Governance specially with respect to composition of Board, constituting the committees such as shareholding / investor grievances committee, etc. Currently our boards comprised of 6 Directors with 3 directors are from the promoters group and 3 are independent non-executive directors. The promoter, Mr. Prakash Chand Chhabra is the Managing Director and Mr. Tilok Chand Chhabra is Whole Time Director of the Company. Thus, AKSL complies with the provisions of the Clause 49 of the Listing Agreement in respect of composition of the board of directors.