Salem Textiles Limited
About Salem Textiles Limited
Data last updated:
Salem Textiles Limited is a public limited company based in Attur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 29 July 1964 and has been in existence for over 62 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1964PLC000534. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹6.6 Cr. It is led by directors including Ramasamy Udayar Prabakaran (Managing Director) and Velayutha Udayar Subramani.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Selliampalayam Narasingapuram Post, Attur, Tamil Nadu, India – 636108.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.61 Cr on record. Court records list 290 cases involving the company, including 194 filed by the company and 96 filed against it; 24 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Salem Textiles has one previous CIN (Corporate Identification Number): L17111TZ1964PLC000534. The current CIN is U17111TZ1964PLC000534, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111TZ1964PLC000534 | Current |
| L17111TZ1964PLC000534 | Previous |
Contact details
Salem Textiles Limited's registered office is in Attur, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressSelliampalayam Narasingapuram Post, Attur, Tamil Nadu, India – 636108
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Salem Textiles Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Salem Textiles Limited
FY 2018 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Salem Textiles Limited, buy the company report.
Board of directors of Salem Textiles Limited
Salem Textiles has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramasamy Udayar Prabakaran | Managing Director | 26 Feb 1977 | 49 Years 7 Months | Current |
| Velayutha Udayar Subramani | Director | 04 Sep 2002 | 24 Years 1 Months | Current |
| Manoharan Ramabathiran | Director | 14 Feb 2015 | 11 Years 8 Months | Current |
| Suresh Kumar Also directs: R R K Granites Limited | Additional Director | 14 Mar 2023 | 3 Years 7 Months | Current |
| Ramasamy Udayar Prabakaran Rajaram Also directs: Charcos Barbeque LLP, Nilgiris Flower Company Limited, R R K Granites Limited and 5 more | Additional Director | 14 Mar 2023 | 3 Years 7 Months | Current |
Auditor
Salem Textiles Limited is audited by ELANGOVAN & NATARAJAN for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ELANGOVAN & NATARAJAN | FY 2018 | 000799S |
Shareholding
The shareholding of Salem Textiles Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Salem Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 1991 | 80055335 | Industrial Development Bank of India | ₹52 Lakh | Open | |
| 14 Feb 1991 | 80055336 | Industrial Devlopment Bank of India | ₹2.09 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Salem Textiles Limited has 290 court cases on record: 194 filed by Salem Textiles, 96 filed against it. 24 cases are pending and 266 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 259 | 76 | 20 |
| Supreme Court | 17 | 6 | 3 |
| District courts | 14 | 14 | 1 |
Cases on record (5 of 290)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by Simpson and General Finance Co.Ltd | Pending |
| High Court, TAMIL NADU | Writ petition | Filed against the company by Phoenix Arc Pvt Ltd | Pending |
| Supreme Court | Court case (0602-Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution]) | Filed against the company by Authorised Officer M/S. Phoenix Arc Private Ltd. Divisional Engineer Divisional Engineer Having Its Office at Dani Corporate Park, 7Th Floor, 158, CST Road, Kalina , District: Santacruz East ,Mumbai , Maharashtra | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Sundaram Finance Services Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Simpson and General Finance Co.Ltd | Disposed |
To see the full case history of Salem Textiles Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Salem Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Salem Textiles has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Salem Textiles Limited, buy the company report.
Recent activity
Salem Textiles Limited has 11 board changes on record since 1977: 8 appointments and 3 cessations. The latest: Ramasamy Udayar Prabakaran Rajaram was appointed as Additional Director on 14 Mar 2023.
4 earlier events are in the company report.
Frequently asked questions
Salem Textiles is an active public limited company based in Attur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 29 July 1964 (62+ years old) and is registered under CIN U17111TZ1964PLC000534.
Salem Textiles has 5 current directors:
- Ramasamy Udayar Prabakaran - Managing Director
- Velayutha Udayar Subramani - Director
- Manoharan Ramabathiran - Director
- Suresh Kumar - Additional Director
- Ramasamy Udayar Prabakaran Rajaram - Additional Director
The latest financial statements of Salem Textiles on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Salem Textiles has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Salem Textiles is U17111TZ1964PLC000534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salem Textiles has 290 court cases on record: 194 filed by the company and 96 filed against it. 24 are pending. Most are in the high courts.
Salem Textiles was incorporated on 29 July 1964, making it 62+ years old. It is registered with the Registrar of Companies, Coimbatore.
Ramasamy Udayar Prabakaran Rajaram was appointed as Additional Director on 14 Mar 2023. Suresh Kumar was appointed as Additional Director on 14 Mar 2023. Murugan Sundaram ceased to be Director on 21 Jul 2017. Salem Textiles has 11 board changes on record in total.
The registered office of Salem Textiles is at Selliampalayam Narasingapuram Post, Attur, Tamil Nadu, India – 636108.
Salem Textiles operates in the manufacturing industry, in the textile and fabric production segment.