Le Merite Exports Ltd share Price Today

The Company was originally incorporated as a Private Limited Company in name and style of "Didwaniya Yarn Exports Private Limited" on December 24, 2003 under the Companies Act, 1956 issued by the Registrar of Companies, Maharashtra, Mumbai. Further, name of the Company was changed to "Le Merite Exports Private Limited" and a Special Resolution was passed by the Shareholders of the Company at the Extra-Ordinary General Meeting held on August 07, 2004. The Assistant Registrar of Companies, Maharashtra, Mumbai issued a fresh Certificate of Incorporation dated September 02, 2004, upon change of the name. Further, Company got converted into a Public Limited Company pursuant to the Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the Company held on June 02, 2015 and consequent upon such conversion, name of the Company was changed to "Le Merite Exports Limited" vide a fresh Certificate of Incorporation dated July 08, 2015. Abhishek Lath & Umashankar Lath are the Present Promoters of the Company. Le Merite Exports is Limited an ISO 9001:2015 certified company is vertically integrated into manufacturing and trading of textile products namely cotton yarn, greige fabric and finished fabric for domestic and export sales. The Company deal in diversified product portfolio to supply compact cotton yarn, combed carded & double yarn that are used in various forms for ultimate customers. "Le Merite" is a well-renowned & popular brand name in several yarn importing countries. The Company is a recognized 3 Star Export House and exports more than 20,000 tons of yarn annually. Presently, the Company is exporting to almost 37 countries. The Company has long standing customer relationship, exclusive tie-ups & agents in top importing countries of cotton yarn & fabrics like Bangladesh, China, Turkey, Portugal, Egypt, South Korea, Iran, Italy, Vietnam, Thailand, Peru, UAE and the USA. Apart from this, the Company exports sustainable eco-friendly organic yarn and fabric to international textile and garment manufacturers. The Company has incorporated two subsidiary companies for diversification into non cotton yarn products. The Company`s manufacturing plant Unit I located in Nagpur is engaged in processing of cotton yarn doubling. The Company has undertaken Operation and Management of Unit 1 with Sainath Textiles Private Limited for a period of 4 years. As per the arrangement, the Company has exclusive rights to sell the product manufactured at Unit 1. Unit II is located in the cotton growing belt of Maharashtra and is engaged in manufacturing of Cotton Yarn with an installed capacity of 3040 MTPA. The Company is presently operating Unit 3 located at MIDC (Plot No. B1), Jalgaon Arvi, Dist Amravati, in Maharashtra. Unit 3 comprises of factory building, Godowns and other ancillary construction. Unit 3 is well equipped with Raw Material like Cotton Bales, Process - Blowroom, Carding, Draw frame, Speed frame, Ring frame, Link coner, YCP Finished Goods - Yarn and Spinning Plant Machineries. Unit 3 is engaged in manufacturing of Cotton Yarn with an installed capacity of 6000 MTPA. The Company is certified by some of the most reputed global certification agencies for quality, environment consciousness, processes and customer services such as ISO 9001:2015, OEKO-TEXr Standard 100, Global Organic Textile Standard (GOTS) for 100% Organic cotton yarn and greige fabric. The Company is also a registered member of Better Cotton Initiative (BCI) etc. In March 2006, the entire Share Capital of Company got transferred by Didwaniya family to the Lath family and the control of Company was handed over to Lath Family, the New Promoters of the Company, Mr. Abhishek Lath & Ms. Umashankar Lath, pursuant to Share Transfer Deed. In 2013-14, the Company was awarded Gold Plaque the highest Exports of Cotton Yarn from TEXPROCIL. The Company bagged Certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC). From year 2014-17, the Company received Certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC). In 2016-17, the Company received First Award for the Best Export Performance by Government of Maharashtra Industries Dept. Directorate of Industries. In 2017-18, the Company received a Certificate from Federation of Indian Export Organization (FIEO) (Set up by Ministry of Commerce, Govt of India) for outstanding Export Performance in the category of Highest Foreign Exchange Earner - Maharashtra State - MSME. The Company participated in TexTech Bangladesh International Expo. In 2018-19, the Company received Certificate & Award for Second Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC). In 2021-22, the Company received a Certificate from Oeko Tex for Griege woven fabrics made of 100% cotton exclusively produced from material certified according to Standard 100.

Le Merite Exports share price as on 17 Jul 2024 is Rs. 152.7. Over the past 6 months, the Le Merite Exports share price has increased by 246.26% and in the last one year, it has increased by 202.38%. The 52-week low for Le Merite Exports share price was Rs. 40.55 and 52-week high was Rs. 154.4.