About Akshar Spintex Limited

Akshar Spintex Limited, incorporated in 2013, is engaged in the manufacturing of cotton yarn. The company operates a modern spinning facility at Kalavad in Jamnagar District, Gujarat, with 24,480 spindles and an annual production capacity of 7,500 MT of cotton yarn in the count range of 16’s to 44’s Ne. Its product portfolio includes carded, semi-combed, combed, slub, core-spun, TFO, Eli Twist, fancy, mélange, and blended yarns.

The company is strategically located in the Shankar-6 cotton-rich belt, just 250 km from Kandla Port, ensuring easy access to high-quality raw material and efficient logistics. Akshar Spintex has built strong customer relationships supported by experienced promoters in the cotton industry.

Akshar Spintex Limited’s Business Segments

Akshar Spintex operates under a single business segment:

• Textiles – Cotton Yarn Manufacturing: Production and trading of yarn for domestic and international customers.

Akshar Spintex Limited’s Key Management

• Mr. Harikrushna Shamjibhai Chauhan – Chairman cum Whole Time Director

• Mr. Harry Paghdar – Managing Director (Additional)

• Mrs. Ilaben Dineshbhai Paghdar – Executive Director

• Mr. Sureshkumar Chaturbhai Gajera – Additional Director (Independent)

• Mr. Rohit Bhanjibhai Dobariya – Independent Director

• Mr. Parshotam Lakhabhai Vasoya – Independent Director

• Mrs. Poonam Pratik Kapupara – Chief Financial Officer

• Mr. Dhirajkumar Sahu – Company Secretary (resigned w.e.f. June 30, 2025)

Latest Updates on Akshar Spintex Limited

• Financial Performance: Revenue from operations was Rs 11,676.91 lakh in FY 2024–25, compared to Rs 17,495.51 lakh in FY 2023–24. The company reported a net loss of Rs 444.81 lakh in FY 2024–25 as against a profit of Rs 345.51 lakh in the previous year.

• Equity Capital Expansion: Equity share capital increased significantly to Rs 7,874.68 lakh as on March 31, 2025, from Rs 2,999.88 lakh in the prior year, primarily due to new issue of shares.

• Operational Efficiency: Management implemented measures to strengthen supply chain management, rationalise inventory, optimise production cycles, and reduce input costs amidst sectoral pressures.

• Technology Investments: Continued investment in German and Japanese spinning machinery to enhance productivity and maintain quality standards.

• Geographical Advantage: The plant’s proximity to Kandla Port ensures cost-efficient raw material procurement and export opportunities.