Premier Synthetics Ltd share Price Today

Incorporated in 1969, Premier Synthetics (PSL) manufactures texturised yarn and fabric. Most of the income of the company comes from trading. PSL undertakes trading of yarn, fabrics (both grey and processed), suitings, shirtings, etc. The company has focusing more on trading than to manufacture. It was promoted by the Arya group. Anand Arya is the chairman of the company. PSL went public in May `93 to part-finance its expansion project. PSL expanded its capacity for twisting and also added a rotor spinning unit to manufacture yarn for exports. Commercial production of this project commenced in Jun.`94. The company has undertaken a diversification programme to manufacture cotton yarn at Rakoli, Silvassa. In 1995-96, the company has undertaken a diversification programme for the manufacture of cotton yarn in the Mehsana district of Gujrat. The project was apprasied by Industrial Finance Corporation of India Limited (IFCI). The company has invested Rs. 1.70 cr in Premier Equity Limited, a Subsidiary Company. During 1999-2000, the net accumulated losses exceeded more than 50% of its peak networth and hence it has become a sick industrial company as per SICA, 1985.The company has appealed against the said order of the Hon`ble BIFR before the Hon`ble AAIFR and the same is still pending. The Company issued and allotted 9,50,000 equity shares of Rs. 10/- each at a premium of Rs.17/- per share to non promoter on preferential/private placement basis on May 18, 2017 and consequently, thee above 9,50,000 equity shares were listed on BSE Ltd. with effect from June 09, 2017.

Premier Synthetics share price as on 18 Jul 2024 is Rs. 22.08. Over the past 6 months, the Premier Synthetics share price has decreased by 1.78% and in the last one year, it has increased by 47.3%. The 52-week low for Premier Synthetics share price was Rs. 12.76 and 52-week high was Rs. 29.95.