The Balarama Varma Textiles Limited


THE BALARAMA VARMA TEXTILES LIMITED was originally incorporated under the Travancore Companies Act IX of 1110 at Travancore and was later re-incorporated as a Non-govt (Private) company under the Indian Companies Act 1913 on 17-07-1945. 

The Capital of Rs. 20,00,000 was divided in to 19,000 Ordinary Shares of Rs 100 each and 10,000 'B' Class Shares of Rs. 10 each.

At the time of incorporation under the Indian Companies Act, the Managing Agents were Karayalar Bros. & Co. This was subsequently changed to Karayalar & Rangaswamy Naidu Sons Co. before these shares were issued. 

 The Mill was located at Shencottah in Tamil Nadu where the Registerd office would have been shifted. It was nationalised around 1974 under Section 41 if the Sick Textile Undertakings (Nationalisation) Act, 1974 and has subsequently been closed down.

Here is  a beautiful Certificate, for 5 shares, printed in Green on white background with Red and Black ink and a lovely border. It bears a 1 Anna Revenue Stamp of Travancore State.

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