मैट्रिक्स
 
 
आधुनिक सिंथेटिक्स > कंपनी इतिहास > Textiles - Weaving > कंपनी इतिहास का आधुनिक सिंथेटिक्स - बीएसई: 514055, NSE: N.A

आधुनिक सिंथेटिक्स

बीएसई: 514055  |  NSE: N.A  |  ISIN:  |  Textiles - Weaving

कंपनी इतिहास - आधुनिक सिंथेटिक्स
YEAR                       EVENTS
 The Company was Incorporated as a private limited company on 21st
 January 1982, and was converted into a public limited company on 6th
 September.
 
 The Company was originally promoted by Radheshyam Poddar,
 Gourishankar Poddar, Satyanarayan Jalan, Ramdas Jalan and their
 associates to set up a textile division at MIDC, Murbad of 
 Maharashtra with an installed capacity of 84 Automatic looms for
 manufacturing 16.56 lakh mts. per annum.
 
 In order to diversify, the Company had set up another unit at MIDC,
 Jalgaon, Maharashtra, for manufacturing 960 tonnes per annum of
 texturised yarn, 120 tonnes per annum of twisted yarn  and 300 tonnes
 per annum of dyed yarn.
 
 1984 - All shares taken up by promoters etc.
 
 1986 - 8,50,000 No. of equity shares issued at par out of which
 2,50,000
              shares were reserved and allotted on a firm basis to
 promoters,
              directors etc. and business associates.  Out of the
 remaining
              6,00,000 shares, the following shares were reserved and
 allotted
              on a preferential basis:
 
           - (i) 2,40,000 shares to NRIs with repatriation rights;
  
           - (ii) 42,500 shares to employees and
    
          - (iii) 12,000 shares to business associates.  The balance
 3,05,000
             shares offered to the public in Dec. 1986.  2,12,500
 shares
             allotted to retain oversubscription (1,17,200 shares to
 the
             public, 19,200 shares to NRIs on repatriation basis,
 13,600 
             shares to employees and business associates and 62,500
 shares to
             promoters, directors etc.)  3,11,000 bonus equity shares
 allotted
             on 13.1.1987 in prop. 1:1 to shareholders prior to the
 public
              issue.
 
 1989 - Subsequent to the change in the management, Satyanarayan
 Jalan,
              Ramdas Jalan and Anand Jalan resigned from the
 directorships of
              the Company.  Since then, the company was being
 controlled by the
              Poddars and their associates.
 
           - In order to reduce the cost of production, 4 TFO machines
 for
              twisting of yarn and one cone winder for rewinding of
 dyed yarn
              were installed.
 
           - Further expansion at Dhule was undertaken.  All the 24
 Ruti `C'
              looms were installed at the plant site.
  
 1991 - The installation of one texturising machine of 216 spindles at
 
              Palod was completed.
 
           - At Umergaon only 8 looms were installed out of 20 looms
 of Laxmi
             Rapier.
 
           - The Company further proposed to install 24 looms of
 Cimmco make
              C.F.R. 92 at Umergaon.
 
 1992 - Modernisation of the unit at Murbad was undertaken.  The
 existing
              84 nos. Cimmco looms were being replaced by 23 nos. 
 Darnier 
              looms imported secondhand and 2 nos. indigenous Cimmco
 Dornier
              looms.  The Company further, proposed to install 18
 nos.
 
           - Dornier Looms to be imported secondhand and also
 expansion of
              texturising machines to be imported secondhand.  
 
           - The Company offered 3,36,900 - 14% secured fully
 convertible 
             debentures of Rs.125 each on rights basis in the prop. 20
 
             debentures : 100 shares held.  Additional 50,535
 debentures were
             allotted to retain oversubscription.
 
           - Simultaneous to the rights issue, the Company offered
 1,63,100
              - 14% Secured fully convertible debentures of Rs.125
 each through
             prospectus of which 25,000 debentures were offered to the
 
             employees (only 3,460 debentures taken up).  The
 remaining 
             1,38,100 debentures along with the 21,540 debentures not
 taken by
              the employees were offered to the public.  Additional
 24,460
             debentures were allotted to retain oversubscription.
 
           - Each debenture of Rs.125 was to be converted into five
 equity
             shares of Rs.10 each at a prem. of Rs.15 per share on the
 expiry
             of 12 months from the date of allotment of the
 debentures.
             Accordingly 28,74,975 No. of equity shares were issued.
 
          - The Company issued 2,50,000 - 18% non-convertible
 debentures of
             Rs.100 each to Canbank Mutual Fund on private placement
 basis.
             These debentures would be redeemed at a prem. of 5% in
 three
             equal instalments of Rs.35 per share at the end of 5th,
 6th, and
             7th years from the date of allotment.
 
 1993 - Modernisation of the unit at Murbad was implemented, by 
              installing 26 of Dornier looms.  The weaving capacity
 was further
              expanded by installation of 30 nos. and 8 nos. of
 imported second
              hand Dornir Loms at Murbad and Dhule units
 respectively.
 
           - 28,74,975 No. of equity shares of Rs.10 each issued at a
 prem. of
              Rs.15 per share on conversion 14% secured fully
 convertible
             debentures.  35,035 shares forfeited.   
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `2315 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `1565 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `1339 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1470 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1307 Cr की बिकवाली
  • MARKET CUES : स्टॉक फ्यूचर्स में `1553 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `50.49 Cr की खरीदारी
  • CS ON ITC : Neutral रेटिंग, लक्ष्य `225/Sh
  • JEFFERIES ON TATA POWER : HOLD रेटिंग, लक्ष्य घटाकर `55/Sh
  • MOFSL ON GUJ GAS : BUY रेटिंग, लक्ष्य `340/Sh

अभी देखें

सौदा आपका

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.