Binny Mills Ltd was incorporated on 20th December 2007 as a Public Limited Company. It obtained Certificate for Commencement of Business on 6th February 2008. The Registered Office of the company is at No.4, Karpagambal Nagar, Mylapore, Chennai 600 004.

Business Activities:
The company is in the process of acquiring the Agencies and Services business of Binny Limited by a Demerger process. After the demerger is completed, the company will engage in the business of Agencies and Services which will include business, activities and operations pertaining to Trading of Textiles and engineering products, Agencies, cold storage plants at Cochin and warehousing.

Scheme of Arrangement:
The Scheme of Arrangement between Binny Limited and the company and their respective shareholders and creditors was approved by the Honourable High Court of Madras on 22nd April 2010. The Scheme will become effective on filing a certified copy of the Order of the High Court of Madras with the Registrar of Companies. As per the Scheme the Appointed Date for the Demerger is 1st January 2010

Board of Directors:
The present directors of the company are:
Shri V.R. Venkataachalam,
Shri V.Rajasekaran; and
Shri V. Sengutuvan

The Authorised Share Capital of the Company is Rs.10 lakhs comprising 1 lakh Equity Shares of Rs.10/- each. The Paid-up Share Capital is Rs.5 lakhs comprising 50,000 Equity Shares of Rs.10/- each. However, the Authorised and Paid-up share capital will substantially increase after the Scheme of Arrangement is given effect and allotment of shares is made to the shareholders of Binny Ltd as envisaged in the Scheme

Since the company is in the process of acquiring business undertaking, there are no financials to be reported on the operations and profit. The latest audited Balance sheet is:

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Results for Remote e-Voting & Poll on 9th AGM