Premier Synthetics Limited was incorporated originally as Premier Synthetics and Processors Limited in Maharashtra on 9 October, 1970 by the original promoter Shri. B.K. Jhunjhunwala for setting up a cloth processing unit at Village Pawne (Maharashtra) with IFCI assistance.The Company was changed to Premier Synthetics Limited in 1992. The Company is having spinning plant for manufacturing of Cotton Yarn. It undertakes trading of yarn, fabrics (both grey and processed), suitings, shirtings, etc. The Company s customers include various denim manufacturing unit such as Raymonds, Arvind, Jindal, Ultra and Other units located in Gujarat, Maharashtra and Rajasthan. The annual capacity of the plant is 5000 MTPA. PSL went public in May 93 to partfinance 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 199596, 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 19992000, 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 Honble BIFR before the Honble AAIFR and the same is still pending.In 2015, Darwin Platform Capital Limited ceased to be Associate Company of the Company. In 201516, Mr.Gautamchand Surana, Mr.Vikram Sanghvi, Mr. Rajiv Bansal and Mr. Sanjay Kumar Majethia became the new promoters of the Company pursuant to the said Open Offer made on October 5, 2015. 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, above 9,50,000 equity shares were listed on BSE Ltd. with effect from June 09, 2017.With effect from 8 November, 2023, the Company had discontinued its major manufacturing activities and presently doing trading activity.
As of 29 Aug, 2025, Premier Synthetics share price is ₹19.3. The stock opened at ₹19.5 and had closed at ₹19.5 the previous day. During today’s trading session, Premier Synthetics share price moved between ₹18.10 and ₹19.50, with an average price for the day of ₹18.80. Over the last 52 weeks, the stock has recorded a low of ₹15.01 and a high of ₹34.65. In terms of performance, Premier Synthetics share price has declined by 3.3% over the past six months and has declined by 30.16% over the last year.
Premier Synthetics Ltd - 509835 - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
25 AUG 2025 | Monday
Premier Synthetics Ltd - 509835 - Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Monday August 25, 2025.
20 AUG 2025 | Wednesday
Premier Synthetics Ltd - 509835 - Board Meeting Intimation for The Meeting Of The Board Of Directors Of The Company Is Scheduled To Be Held On Monday, 25Th August 2025, At The Registered Office Of The Company, Inter-Alia, To Consider And Approve;