Vertex Spinning Limited - manufacturing in Dhule, Maharashtra, India. FY 2026 financials & compliance.
CIN L28900MH1994PLC108684 Incorporated 12 September 1994 ROC Mumbai HQ Dhule, Maharashtra, India
Active Listed Delisted from BSE on 11 May 2018 · compulsory delisting Public Limited Company manufacturing
Data last updated
Authorised capital
₹22.5 Cr
Registered with MCA
Paid-up capital
₹19.91 Cr
Issued & subscribed
Open charges
₹42.35 Cr
Secured borrowings
Company age
32 yrs
Est. 1994
Directors on board
7
As per MCA filings
Last financials
Mar 2023
Balance sheet date
Last AGM
30 Sep 2023
Annual general meeting
Company status
Active
MCA master data

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 L28900MH1994PLC108684
Registration Number 108684
Incorporation Date 12 September 1994
ROC Mumbai
Listing Status Listed - Delisted from BSE on 11 May 2018 · compulsory delisting
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Non-Compliant

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.

CINStatus
L28900MH1994PLC108684Current
L28900MH1997PLC108684Previous

Contact details

Vertex Spinning Limited's registered office is in Dhule, Maharashtra. Its e-mail address is in the company report.

  • Email
  • Registered Address
    Plot. T – 1 Naradhana Industrial Area, Dhule, Maharashtra, India – 424001
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Vertex Spinning Limited, buy the company report.

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Vertex Spinning Limited - one report that includes everything
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  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Financials of Vertex Spinning Limited

FY 2023 filings available

Financial Statement Summary

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
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Profit Before Tax
Tax Expense
Net Profit (PAT)
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin
Net Profit Margin
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Sachin SharmaManaging Director22 Jun 199531 Years 4 MonthsCurrent
Samar Ballav MohapatraAdditional Director23 Apr 200818 Years 6 MonthsCurrent
Surendra MungeeAdditional Director23 Apr 200818 Years 6 MonthsCurrent
Shiv Kumar MisraAdditional Director23 Apr 200818 Years 6 MonthsCurrent
Suresh Jairam SharmaDirector28 Sep 200719 Years 0 MonthsCurrent
Giriraj Prasad SharmaAdditional Director31 Jul 200818 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Vertex Spinning Limited is audited by SUDHEENDRA & COMPANY for the financial year 2021.

Auditor firmFinancial yearFirm registration number
SUDHEENDRA & COMPANYFY 2021140100W

Charges & borrowings

Open charges
₹42.35 Cr
Satisfied charges
None
Breakdown by lending institutions
Syndicate Bank₹30.35 Cr
Syndiacate Bank₹12.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Nov 200710103876Syndicate Bank₹6.5 CrOpen
30 Nov 200710106722Syndicate Bank₹11.85 CrOpen
18 Jun 200480026200Syndiacate Bank₹12 CrOpen
18 Jun 200490352260Syndicate Bank₹12 CrOpen

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.

Total deals
8
Market trades
8

Deals on record (5 of 8)

WhenDealAmountParties
Jul 2015Market trade₹4.4 LakhBuyer: an individual
Seller: an individual
Dec 2014Market trade₹24.8 LakhBuyer: an individual
Oct 2010Market trade₹40.7 LakhSeller: Phenomenal Craft Private Limited
Jul 2010Market trade₹54.1 LakhBuyer: JMP Securities Private Limited
Seller: JMP Securities Private Limited
Jul 2010Market trade₹48 LakhBuyer: 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.

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.

AGM
Vertex Spinning Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Vertex Spinning Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai Ii.
Appointed
Kapil Vijay Pandya was appointed as Managing Director.
Ceased
Pankaj Harinarayan Vaidya ceased to be Director.
Appointed
Giriraj Prasad Sharma was appointed as Additional Director.
Ceased
Mandar Kailash Viyala ceased to be Director.
Appointed
Samar Ballav Mohapatra was appointed as Additional Director.
Appointed
Shiv Kumar Misra was appointed as Additional Director.
Appointed
Surendra Mungee was appointed as Additional Director.
Charges
A charge with Syndicate Bank amounted to Rs. 6.50 Cr with Charge ID 10103876 was registered on 30 Nov 2007.
Charges
A charge with Syndicate Bank amounted to Rs. 11.85 Cr with Charge ID 10106722 was registered on 30 Nov 2007.
Ceased
Goutam Sharma ceased to be Director.

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:

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.