SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Polyspin Exports gets nod to close operations of Textile Division in Tamilnadu

14 Aug 2023 Evaluate

Polyspin Exports has received approval for permanent closure of  operations at its Textile Division namely PEL Textiles (A Division of Polyspin Exports)  situated at 206 B/1, Sankarankovil  Road,  Cholapuram South,  Rajapalayam  (Via),  Virudhunagar District, Tamilnadu, which is manufacturing OE Yarn. The Board of Directors of the company at their meeting held on August 14, 2023 has considered and approved the same. 

The Business activity for Manufacturing of OE Yarn will be discontinued at the Textile Division due to reasons including unfavorable market conditions for the past several years, un-remunerative selling price of Yarn for the past several years, unpredictable frequent increase in Rawmaterial Prices for the past several years and the performance of the Division was not satisfactory and it’s making unviable to run the Division.

Polyspin Exports is engaged in the manufacture and sale of PP woven FIBC bags. These bags are air permeable and are widely used in developed countries for packing vegetables. The company also in the business activities of PP Woven FIBC Bags, Cotton Textile Fabrics.  


Polyspin Exports Share Price

31.00 0.00 (0.00%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3665.40
Astral 1583.75
Finolex Inds 174.95
Nilkamal 1340.45
Jain Irrigation Sys 32.71
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×