VTX Industries Limited
About VTX Industries Limited
Data last updated:
VTX Industries Limited is a public limited company based in Pollachi, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 05 September 1953.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN L17111TZ1953PLC000248. The company has 1 GST registration on record, which is no longer active. 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 ₹20 Cr and a paid-up capital of ₹18.17 Cr. It was formerly known as Vijayeswari Textiles Limited. It is led by directors including Adusumilli Lakshmi Ramachandra (Managing Director) and Janakarathnam Balamurugan (Director Appointed In Casual Vacancy).
Its last annual general meeting (AGM) was held on 30 December 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at 2/185 Palladam Road Puliampatti, Pollachi, Tamil Nadu, India – 642002.
As per MCA filings, the company has open charges of ₹830.45 Cr and satisfied charges of ₹18.98 Cr on record. Court records list 148 cases involving the company, including 39 filed by the company and 113 filed against it; 12 cases are pending. The company has 14 deals on record (13 market trades, 1 ipo); the latest was in October 2010.
Company details
CIN history
VTX Industries has one previous CIN (Corporate Identification Number): U17111TZ1953SGC000248. The current CIN is L17111TZ1953PLC000248, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17111TZ1953PLC000248 | Current |
| U17111TZ1953SGC000248 | Previous |
Contact details
VTX Industries Limited's registered office is in Pollachi, Tamil Nadu.
- Registered Address2/185 Palladam Road Puliampatti, Pollachi, Tamil Nadu, India – 642002
- IndustryManufacturing, Textile & Fabric Production
- 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 VTX Industries Limited
FY 2014 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of VTX Industries Limited, buy the company report.
Board of directors of VTX Industries Limited
VTX Industries has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janakarathnam Balamurugan Also directs: LG Sports Private Limited, Sree Karpagambal Mills Limited, Unity Electro Systems Private Limited and 5 more | Director Appointed In Casual Vacancy | 29 May 2012 | 14 Years 5 Months | As last reported |
| Siddineni Shreenivasa Rao | Director Appointed In Casual Vacancy | 10 May 2012 | 14 Years 5 Months | As last reported |
| Veerappan Chettiar Dharmaraj | Director | 01 Jan 1991 | 35 Years 10 Months | As last reported |
| Mohan Rao | Director | 10 May 2012 | 14 Years 5 Months | As last reported |
| Jayanthi Ramachandra Adusumilli Also directs: Seshraj Enterprises Private Limited | Director | 09 Aug 2000 | 26 Years 2 Months | As last reported |
| Adusumilli Lakshmi Ramachandra | Managing Director | 26 Jun 1996 | 30 Years 4 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2012 | 10392055 | Andhra Bank | ₹5 Cr | Open | |
| 05 Sep 2012 | 10384068 | Others | ₹165.81 Cr | Open | |
| 23 Nov 2011 | 10330974 | Others | ₹23.75 Cr | Open | |
| 13 Oct 2011 | 10315374 | S. E. Investments Limited | ₹2.4 Cr | Open | |
| 13 Oct 2011 | 10315354 | S. E. Investments Limited | ₹2.6 Cr | Open |
To see the full charge records of VTX Industries Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
VTX Industries Limited has 14 deals on record (13 market trades, 1 ipo); the latest was in October 2010.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2010 | Market trade | ₹31.3 Lakh | Seller: an individual |
| Jul 2010 | Market trade | ₹48.4 Lakh | Seller: Hsbc Investdirect Ltd |
| Jul 2010 | Market trade | ₹29.3 Lakh | Seller: Hsbc Investdirect Ltd |
| Jun 2010 | Market trade | ₹22.5 Lakh | Buyer: Amit Jasani Fin Ser Pvt Ltd |
| Mar 2010 | Market trade | ₹19.3 Lakh | Seller: Hsbc Investdirect Ltd |
To see the full deal history of VTX Industries 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
VTX Industries Limited has 148 court cases on record: 39 filed by VTX Industries, 113 filed against it. 12 cases are pending and 136 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 86 | 51 | 7 |
| District courts | 55 | 55 | 3 |
| Supreme Court | 7 | 7 | 2 |
Cases on record (5 of 148)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Guntur, Andhra Pradesh | Criminal complaint | Filed against the company by M/S Sri Dhanalakshmi Cotton and Rice Mills Pvt Ltd Rep by Its DGM P. Sita Rama Rao | Pending |
| Supreme Court | Court case (2811-Mercantile Laws, Commercial Transactions Including Banking : Matters relating to Securitisation and Reconstruction of Financial Assets and Reinforcement of Security Interest Act, 2002.) | Filed against the company by Jayanthi Ramachandra S/D/W/Thru:- A.L. Ramachandra Ex-Chairman of M/S.Vtx Industries Ltd. No.166-A, Tea Estate Race Course ,Coimbatore , Tamil Nadu | Pending |
| Supreme Court | Court case (2811-Mercantile Laws, Commercial Transactions Including Banking : Matters relating to Securitisation and Reconstruction of Financial Assets and Reinforcement of Security Interest Act, 2002.) | Filed by the company against The Official Liquidator the Official Liquidator High Court, Madras As the Liquidator of M/S.Vtx Industries Limited (in Liquidation) No.29, Corporate Bhavan, 2 Nd Floor, Rajaji Salai, Chennai &Ndash; 600001 ,Chennai , Tamil Nadu and 4 others | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed by the company against VTX Industries Ltd., and 2 others | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by Ca.Mahalingam Suresh Kumar Liquidator of M/S. Lakshmi Apparels and Wovens Limited, | Disposed |
To see the full case history of VTX Industries 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 VTX Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VTX Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of VTX Industries Limited, buy the company report.
Recent activity
VTX Industries Limited has 24 board changes on record since 1972: 15 appointments and 9 cessations. The latest: Pattabhi Rama Rao Sree Balusu Prabhakara ceased to be Director Appointed In Casual Vacancy on 01 Dec 2016.
55 earlier events are in the company report.
Frequently asked questions
VTX Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
VTX Industries is a company under liquidation, formerly operating as a public limited company based in Pollachi, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 05 September 1953 and is registered under CIN L17111TZ1953PLC000248. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
VTX Industries has 6 current directors:
- Adusumilli Lakshmi Ramachandra - Managing Director
- Janakarathnam Balamurugan - Director Appointed In Casual Vacancy
- Siddineni Shreenivasa Rao - Director Appointed In Casual Vacancy
- Veerappan Chettiar Dharmaraj - Director
- Mohan Rao - Director
- Jayanthi Ramachandra Adusumilli - Director
The latest financial statements of VTX Industries on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 December 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of VTX Industries is L17111TZ1953PLC000248. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VTX Industries 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.
VTX Industries has open charges of ₹830.45 Cr and satisfied charges of ₹18.98 Cr as per latest MCA filings.
VTX Industries has 148 court cases on record: 39 filed by the company and 113 filed against it. 12 are pending. Most are in the high courts.
VTX Industries was incorporated on 05 September 1953. It is registered with the Registrar of Companies, Coimbatore.
VTX Industries has 14 deals on record (13 market trades, 1 ipo); the latest was in October 2010.
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