Kakatiya Textiles Ltd was incorporated in the year 1981 with a licensed capacity of 25000 spindles. The unit is located at Nallabandagudem Village- 508 206, Nalgonda District; Andhrapradesh.There was a change in the management of the company in the year 2006. Now, the company is under the control and management of Sri Sumanth Ramamurthi. Sri Sumanth Ramamurthi has more than 3 decades of experience in Textiles and Engineering Industries and he is also the Managing Director of Super Spinning Mills Ltd. 1981 - The Company was incorporated on 26th August, and was promoted by K. Sudeesh, T.V. Surya Prasad for manufacture of cotton yarn. The Company's objects is to manufacture and sale of cotton yarns of different counts. 1991 - 9,30,000 No. of equity shares of Rs.10 each issued, subscribed and paid-up. (Of which 8,46,800 shares to promoters and 83,200 shares to APIDC). 1992 - 9,30,000 Rights equity shares of Rs.10 each issued in prop. 1:1. 1993 - The company charted out a two phase expansion-cum-modernisation programme with a view to enhance the quantity as well as quality of product. It undertook to expand the capacity to 15,360 spindles, and modernise certain facilities, instal new ones such as auto-cones and twisters to ensure competitiveness in the international markets. - Capacity of spindles was increased to 14400 from 9600 nos. Another 960 spindles were to be added during 1994-95. - 39,50,600 No. of equity shares of Rs.10 each were issued for cash at par of which 2,00,600 No. of equity shares reserved for allotment on preferential basis to promoters, friends etc. Balance 37,50,000 shares offered for public subscription during March, (all were taken up). 1994 - A set of imported E7/5 cumbers and fully automatic yarn dyeing plant were installed. It was proposed to import auto coner and two for one twisters to meet the export markets. 1996 - The Company installed another 2016 spindles thereby increasing the total spindleage to 18,144. 2005 -Edelweiss Capital Ltd ("Manager to the Offer") on behalf of Mr. L G Ramamurthi & Mr. Sumanth Ramamurthi ("Acquirers"), has issued this Public Announcement ("PA"), pursuant to Regulation 10 & 12 in compliance with the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations 1997 and subsequent amendments thereto [SEBI (SAST) Regulations] as below: The Acquirers are making an Open offer to the public shareholders of Kakatiya Textiles Ltd ("Target Company") to acquire 11,53,720 Equity Shares ('Shares') of Rs 10/- each representing 20% of the voting capital of the Target Company at a price of Re 1/- per Share ("Offer Price") payable in cash ("Offer") subject to the terms & conditions. 2008 -Kakatiya Textiles Ltd has appointed Mr. Sumanth Ramamurthi as the Managing Director (MD) of the Company with effect from May 30, 2008.