The Company was incorporated on 30th August 1993 as Silktex Private Limited and was converted into a Public Limited Company within the meaning of Section 3(1)(iv) of the Companies Act, 1956 by passing a Special Resolution under Section 44 of the Companies Act, 1956 on 11th July, 1994 and adopted a new set of Articles w.e.f. 12th July 1994. The name of the Company was changed to Silktex Limited w.e.f. 12th July 1994. The Company is setting up a 100% EOU project for the manufacture of superior quality Silk Fabrics for export with an installed capacity of 6 lakhs meters per annum. The group is already in the business of Export of Silk Fabrics which is of different quality and does not attract the excise/custom bondage. The new Company is established so that the identity of 100% Export Oriented Unit which falls under the custom bondage can be retained independent of the existing product range and other Companies of the Group. b) COMPANY MANAGEMENT : The Company is managed by Board of Directors with Sri. Sushil Kumar Churiwala as the Chairman and Managing Director. He will be assisted by Sri. Saket Churiwala, Executive Director in day to day management. The Company will appoint a team of qualified professionals in the Technical and Research & Development field. The other Directors of the Company includes Sri. T.R. Satishchandran IAS (Retd.), Sri. Arun Kumar Churiwal, Sri. Sajjan Kumar Jhunjhunwala, Sri. Suneil Kumar Churiwala and Sri. Sandeep Kumar Churiwala. 2004 -Company has recommend a dividend @ 9%. 2007 -Company has created email id for grievance redressalemail is : info@silktexlimited.com.