Mahalaxmi Fabric Mills Limited, initially incorporated as Sonnet Colours Pvt Ltd in 1991, transitioned from a business in colors and chemicals to focus on textiles as of September 2022. Based in Ahmedabad, Gujarat, the company underwent significant restructuring through a Scheme of Arrangement effective April 1, 2024. This arrangement involved a demerger with Mahalaxmi Rubtech Limited (MRT) and Globale Tessile Private Limited (GTPL), transferring the Traditional Textile Processing Division and Wind Power Division from MRT to Mahalaxmi Fabric Mills. The company issued 1,06,20,275 new equity shares to MRT shareholders, aligning ownership structures accordingly. Concurrently, Mahalaxmi Exports Private Limited became a wholly-owned subsidiary of Mahalaxmi Fabric Mills, further consolidating its position in the textile industry. This strategic shift and asset integration reflect the company's renewed focus on expanding its textile operations and enhancing shareholder value.
