Sri Lakshmi Saraswathi Textiles (Arni) Ltd. (SLST), incorporated in May 1964 by promoters B R Naidu and R Srihari, engages in manufacturing yarn and surgical face masks, and generating electricity from windmills for internal use. The company operates with a significant capacity of 56,784 ring spindles and 336 rotors, distributing its yarn across Maharashtra, Gujarat, West Bengal, and internationally to countries like Malaysia and Switzerland. The company's continuous expansion has seen the installation of advanced machinery and wind turbine generators to enhance production and profitability.
In 2022-23, SLST underwent a strategic restructuring through a Scheme of Arrangement for Demerger, effective April 1, 2021. This involved the demerger of its B Mill with 35,088 ring spindles, while retaining A Mill with 33,360 ring spindles in Tiruvannamali, Tamil Nadu. This restructuring aims to streamline operations and focus on its core manufacturing competencies, presenting potential opportunities for market growth and efficiency.
