![]() ![]() Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. is just acting as a distributor/ referral Agent of such products / services and all disputes with respect to the distribution activity would not have access to Exchange investor redressal or Arbitration mechanism. are not exchange traded products / services and ICICI Securities Ltd. The non-broking products / services like Mutual Funds, Insurance, FD/ Bonds, loans, PMS, Tax, Elocker, NPS, IPO, Research, Financial Learning, ESOP funding etc. Modernisation programme has been availed by the company to the tune of Rs.340.00 lacs under the Technology Upgradation Fund Scheme.During 2000-2001 the company had gone for expansion of Spindles to the extent of 4752 spindles. In 1996-97 the installed capacity has been increased by 6016 spindles to 18992 spindles. ASM completed its first full year of operations in 1994-95, after raising capital through a public issue. The company has installed the latest textile machineries including blow room, carding machines, draw frames, simplex frames and ring frames from Lakshmi Machine Works and autoconers with electronic clearers and automatic splicers from Schlafhrost (India). To meet part of the project cost, ASM issued secured NCDs worth Rs 2.20 cr on a private placement basis.įor cotton spinning, the company has adopted the ring spinning system. : 12,096 spindles) in Pudusuripalayam, Tamilnadu. ASM went public with its maiden issue in Jan.`93 to part-finance a spinning mill to manufacture cotton yarn (inst. It was promoted by the Amarjothi group of Tirupur. Incorporated in Dec.`87, Amarjothi Spinning Mills (ASM) was converted into a public limited company in Dec.`91.
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