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Sky Industries gets nod to incorporation of wholly owned subsidiary

19 Jun 2023 Evaluate

Sky Industries has received approval from the Ministry of Corporate Affairs for the incorporation of wholly owned subsidiary (WOS) of the company in the name of ‘Skytech Textiles’.

The objective of incorporation is to carry on business as manufacturers, processors, fabricators, packers, assemblers, laminators, repairers, buyers, sellers, dealers, brokers, importers, exporters, warehousing agents, commission agents and servicing agents, of all types of coated products, flocked products, fabric tapes, elastic laces, fasteners, products of polyurethane or Pu foam, detergents binders, resins, fibers, leather, adhesives, nonwoven, jute felts, their raw materials and their by-products, and deal in machineries, equipment, accessories, components, appliances and all sorts of materials, articles, commodities and substances required for any of the foregoing businesses or activities connected therewith.

Sky Industries is India's largest manufacturer of hook and loop tape fasteners.

Peers
Company Name CMP
Vardhman Textiles 562.05
Welspun Living 223.60
Arvind 558.15
Raymond Lifestyle 693.00
K.P.R. Mill 1113.65
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