Support and Resistance Levels
Past performance
About Aayush Art and Bullion Ltd AKM Lace and Embrotex Limited, established as a private company in 2009 and later converted to a public entity in 2017, is primarily engaged in trading textile products and manufacturing lace and embroidery items. The company's business model includes sales of traded goods like cotton fabrics and grey cloth, as well as manufactured lace-based knitted fabrics. In 2016, AKM expanded by supplying knitted fabrics processed through job work arrangements.
A significant corporate development occurred in February 2024 when Arhat Touch Private Limited acquired 22,39,166 shares, representing a 26% stake in AKM, thereby becoming its promoter. This share acquisition was executed through an open offer at Rs. 15 per share. The company had previously strengthened its capital base through a public issue of 19,02,000 equity shares, raising Rs. 4.76 crore. These strategic moves position AKM Lace and Embrotex Limited as a competitive player in the textile industry.