SHERVANI INDUSTRIAL SYNDICATE LTD
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BSE Code:
526117
NSE Code:
SHERVANI
Business Profile
Business Profile
Shervani Industrial Syndicate (SHERVANI), incorporated in 1948, is engaged mainly in the manufacture of flashlights. Earlier known as Geep Industrial Syndicate, it acquired its present name with effect from May 21, 1999.
Located at Allahabad in Uttar Pradesh and Mysore in Karnataka, the manufacturing units has installed capacities of 5 million flashlight cases, 153 million dry cell batteries, and 6 million miniature lamps and undertakes related job work. In FY08, due to non receipt of adequate orders for production of flashlights, the company suffered huge operational losses and shareholders have approved to dispose off the flashlight and dry-cell battery division. Tara Snacks & Foods is a subsidiary.
The registered office is located at 332, Shervani Nagar, Sulem Sarai, Harwara, Allahabad-211011, Uttar Pradesh.
Financials
Shervani Industrial Syndicate announced that it has swung to a profit for the quarter ended in September 2008. During the quarter, the company registered a profit of Rs 6.2 million for the quarter as compared to a loss of Rs 19.6 million in the same quarter last year.
Net sales for the quarter declined 96.77% to Rs 0.1 million, while total income for the quarter rose marginally 85.25% to Rs 11.3 million, when compared with the prior year period.
Recent Developments
02-SEP-08
The shareholders of the company, by way of postal ballot, have passed a special resolution for disposal of the flashlight and dry-cell battery division.