Vertex Spinning Limited
About Vertex Spinning Limited
Data last updated:
Vertex Spinning Limited is a public limited company based in Dhule, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 12 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28900MH1994PLC108684. It is recorded as listed by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹22.5 Cr and a paid-up capital of ₹19.91 Cr. It is led by directors including Sachin Sharma (Managing Director) and Kapil Vijay Pandya (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot. T – 1 Naradhana Industrial Area, Dhule, Maharashtra, India – 424001.
As per MCA filings, the company has open charges of ₹42.35 Cr on record. Court records list 14 cases involving the company, including 8 filed by the company and 6 filed against it; 5 cases are pending. The company has 8 deals on record (8 market trades); the latest was in July 2015.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Vertex Spinning has one previous CIN (Corporate Identification Number): L28900MH1997PLC108684. The current CIN is L28900MH1994PLC108684, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28900MH1994PLC108684 | Current |
| L28900MH1997PLC108684 | Previous |
Contact details
Vertex Spinning Limited's registered office is in Dhule, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot. T – 1 Naradhana Industrial Area, Dhule, Maharashtra, India – 424001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vertex Spinning 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 Vertex Spinning Limited
FY 2023 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Vertex Spinning Limited, buy the company report.
Board of directors of Vertex Spinning Limited
Vertex Spinning has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Sharma Also directs: S.S.Forgings and Engineering Limited, Nardhana Infrastructure Limited, Brakes Auto (India) Limited and 3 more | Managing Director | 22 Jun 1995 | 31 Years 4 Months | Current |
| Samar Ballav Mohapatra | Additional Director | 23 Apr 2008 | 18 Years 6 Months | Current |
| Surendra Mungee | Additional Director | 23 Apr 2008 | 18 Years 6 Months | Current |
| Shiv Kumar Misra | Additional Director | 23 Apr 2008 | 18 Years 6 Months | Current |
| Suresh Jairam Sharma Also directs: S.S.Forgings and Engineering Limited, Nardhana Infrastructure Limited, Brakes Auto (India) Limited and 3 more | Director | 28 Sep 2007 | 19 Years 0 Months | Current |
| Giriraj Prasad Sharma | Additional Director | 31 Jul 2008 | 18 Years 2 Months | Current |
Auditor
Vertex Spinning Limited is audited by SUDHEENDRA & COMPANY for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHEENDRA & COMPANY | FY 2021 | 140100W |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2007 | 10103876 | Syndicate Bank | ₹6.5 Cr | Open | |
| 30 Nov 2007 | 10106722 | Syndicate Bank | ₹11.85 Cr | Open | |
| 18 Jun 2004 | 80026200 | Syndiacate Bank | ₹12 Cr | Open | |
| 18 Jun 2004 | 90352260 | Syndicate Bank | ₹12 Cr | Open |
To see the full charge records of Vertex Spinning Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Vertex Spinning Limited has 8 deals on record (8 market trades); the latest was in July 2015.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2015 | Market trade | ₹4.4 Lakh | Buyer: an individual Seller: an individual |
| Dec 2014 | Market trade | ₹24.8 Lakh | Buyer: an individual |
| Oct 2010 | Market trade | ₹40.7 Lakh | Seller: Phenomenal Craft Private Limited |
| Jul 2010 | Market trade | ₹54.1 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Jul 2010 | Market trade | ₹48 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
To see the full deal history of Vertex Spinning Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vertex Spinning Limited has 14 court cases on record: 8 filed by Vertex Spinning, 6 filed against it. 5 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 3 |
| District courts | 3 | 3 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Canara Bank | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The State of Maharashtra THR Dept. of Industries and Others and 4 others | Pending |
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed against the company by Sindicate Bank Through Vinod Kumar | Pending |
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed against the company by Sindycate Bank Through Shri Vinod Kumar | Pending |
To see the full case history of Vertex Spinning 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 Vertex Spinning Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Vertex Spinning Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vertex Spinning Limited has 13 board changes on record since 1994: 10 appointments and 3 cessations. The latest: Kapil Vijay Pandya was appointed as Managing Director on 01 Apr 2015.
10 earlier events are in the company report.
Frequently asked questions
Vertex Spinning is an active public limited company based in Dhule, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 September 1994 (32+ years old) and is registered under CIN L28900MH1994PLC108684.
Vertex Spinning has 7 current directors:
- Sachin Sharma - Managing Director
- Kapil Vijay Pandya - Managing Director
- Samar Ballav Mohapatra - Additional Director
- Surendra Mungee - Additional Director
- Shiv Kumar Misra - Additional Director
- Suresh Jairam Sharma - Director
- Giriraj Prasad Sharma - Additional Director
The latest financial statements of Vertex Spinning on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vertex Spinning is L28900MH1994PLC108684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vertex Spinning is recorded as a listed company by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Vertex Spinning has 14 court cases on record: 8 filed by the company and 6 filed against it. 5 are pending. Most are in the high courts.
Vertex Spinning was incorporated on 12 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Vertex Spinning has 8 deals on record (8 market trades); the latest was in July 2015.
Kapil Vijay Pandya was appointed as Managing Director on 01 Apr 2015. Pankaj Harinarayan Vaidya ceased to be Director on 08 May 2009. Giriraj Prasad Sharma was appointed as Additional Director on 31 Jul 2008. Vertex Spinning has 13 board changes on record in total.
The registered office of Vertex Spinning is at Plot. T – 1 Naradhana Industrial Area, Dhule, Maharashtra, India – 424001.