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
The Company is engaged in man made fabric processing activities.
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.
BOARD OF DIRECTORS
Shri Prakash Chand Chhabra
Shri Tilok Chand Chhabra
Shri Sourabh Chabra
Shri Divya Rameshchandra Kachchhara
Shri Praveen Kumar Kothari
Shri Sandeep Hingar
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,
Registrar of Companies
Stock Exchanges Where Company is listed
Delhi Stock Exchange Ltd., Jaipur Stock Exchange Ltd.
DSE House-3/1, Asaf Ali Road, Stock Exchange building,
New Delhi-110002 JLN Marg, Malviya Nagar, Jaipur - 302017
M/S O.P. Dad and Company,
Bhilwara – 311 001
Bankers to the Company
Axis Bank Ltd.
BRIEF PROFILE OF DIRECTORS
Shri Prakash Chand Chhabra- Managing Director
Mr. Prakash Chand Chhabra is the Managing Director of A.K. SPINTEX LTD he is 51 year old having educational degree of B.com. He is market leader and very experience person in textile Business having more than 30 year experience He is multitalented & always gives importance to values & ethics in his life. He himself has worked among the people to imbibe those values in their life. He is also actively involving himself in the social services.
Under his leadership, A.K. SPINTEX LTD team is constantly striving for being the finest & best in his class
Shri Tilok chand Chhabra, Director
Mr. Tilok Chand Chhabra is the Director of A.K. SPINTEX LTD he is 56 year old having educational degree of B.com and He has over 35 years of extensive experience in Textile Business and with his innovative ideas in the year of 2000; he launched a new Direct Selling marketing plan under a brand name “RCM”. He is a man of multi-facets qualities & always gives importance to values & ethics in his life. He himself has worked among the people to imbibe those values in their life.
Under his leadership, A.K. SPINTEX LTD team is constantly striving for being the finest & best in his class.
Shri Sourabh Chhabra - Director
Saurabh Chhabra S/o Tilok Chand Chhabra, R/o Bhilwara. (D.O.B.:- 22-04-1985)Having a educational degree of BBA from Mumbai, after completion of study he has joined Fashion Suitings Pvt.Ltd., Bhilwara as a director and served till Sept. 2012. Presently he is a Director in Acme care international Pvt. Ltd. Apart from this; he is managing partner of Acme Industries, Roorkee (one of the India’s bigger soap noodle plant.). He is also managing various manufacturing industries from last 5 year
Shri. Praveen Kumar Kothari-Independent Director
Praveen kumar Kothari S/o Sundar Lal Kothari, R/o- Mumbai (D.O.B.- 01/07/1986) having a educational degree of MBA from Mumbai, after completion of study he has joined India infoline as a Sr. Branch manager for 4 years and from last one and half year he is working as Associate Vice President at Anand Rathi, Mumbai. He is having very good knowledge of accounts and finance.
Smt. DIVYA RAMESHCHANDRA KACHHARA-Independent Director (woman)
Divya Rameshchandra Kacchara D/o Rameshchandra bhanwarlal kacchara R/o- Naned(Maharstara) (D.O.B.- 10/11/1988) having a educational degree of MBA from naned, she is also have good knowledge of finance & Accounts.
Shri Sandeep Hinger-Independent Director
Sandeep Hinger S/o Chnad Mal Hinger, R/o- Bhilwara (D.O.B.- 07/10/1984) having a educational degree of B.com and C A final 1st Group and still completing his C A final, he had worked for 3 years at Financial Hospital, Mumbai as Asst, Manager Finance, having good knowledge & experience of Auditing, Accounting and finance.
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.