New Light Industries Ltd Share Price Textiles
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New Light Apparels Ltd, promoted by Gurcharan Lal Makkad and Amrik Lal Makkad was incorporated in 1995. The company took over the running business of "New Light Hosiery Manufacturing Works," the partnership concern of the promoters. It is being headed by Gurcharan Lal Makkad as Chairman cum Managing Director. It is presently engaged in the manufacture of socks with 59 machines in operation. It proposes to expand its capacity from 59 machines to 84 machines by way of adding 25 computerised machines. The company came out with a public issue of 17,50,000 equity shares of Rs 10 each for cash at par aggregating to Rs 1.75 cr in Jan.'96, to meet its expansion plan.