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इंडियन कार्ड क्लोदिंग > कंपनी इतिहास > Textiles - Machinery > कंपनी इतिहास का इंडियन कार्ड क्लोदिंग - बीएसई: 509692, NSE: INDIANCARD

इंडियन कार्ड क्लोदिंग

बीएसई: 509692  |  NSE: INDIANCARD  |  ISIN: INE061A01014  |  Textiles - Machinery

कंपनी इतिहास - इंडियन कार्ड क्लोदिंग
YEAR                       EVENTS
 1955 - The Company was Incorporated on 24th June, as a private
 limited
        company and was converted into a public limited company on
 27th
        March 1975.  It was promoted by The English Card Clothing
 Co.,
        Ltd., England and Carclo Engineering Group, Ltd., who between
        them held the entire share capital in the prop. of 77.5% and
        22.5% respectively till the offer for sale by them to the
 Indian
        public during September 1978.
 
      - The company's objects is to manufacture flexible and metallic
 
        card clothing, woollen, cotton waste and asbestos card
 clothing
        and raising fillets and sheets and saw tooth wire.
 
 1958 - The Company was the pioneer in the manufacture of card
 clothing
        in India.  The first set of flexible card clothing came out
 of
        the factory in October when the productive capacity was only
 500
        sets.  The company has a sophisticated plant in Pimpri, near
 Pune
        in Maharashtra State, spread over approximately 30 acres of
 land.
        The Company's manufacturing operations are divided into
 flexible
        and metallic sections.  
 
      - The flexible division has special type setting machines for 
        manufacturing fillets and taps.  It also had special type of
 wire
        teeth.
 
      - The metallic division comprises of wire rolling, punching and
        hardening machines.  All these machines were specially
        manufactured by the Company's sponsoring companies and their
        associate companies in the U.K.
 
 1973 - All A-Equity shares held by the holding company The English
 Card
        Cloth Co. Ltd., U.K.  All B-Equity shares held by Carclo
 Engg.
        Group. Ltd. U.K.
 
 1974 - 46,825 A-Equity and 14,175 B-Equity shares issued as bonus
 prop.
        1:1.
 
 1976 - 70,308 A-Equity and 20,412 B-Equity shares issued as bonus 
        prop. 18:25.
 
 1978 - In September, the two non-resident shareholders offered
 5,63,472
        No. of equity shares of Rs.10 each (prem. Rs.8.50 per share)
 to
        resident Indian nationals.  Out of this, 75,000 shares were
        reserved and allotted to LIC, UTI and GIC and its
 subsidiaries, 
        58,500 shares were reserved for allotment to resident Indian 
        directors and employees of the company.  The balance 4,29,972
 
        shares were offered to the public.  With this offer for sale,
 
        the non-resident holding by the company stood reduced from
 100%
        to 74%.
 
 1980 - 10,83,600 bonus shares issued in prop. 1:2 in January 1981.
 
 1985 - In February, Acre Street Investment, Ltd., U.K. (formerly
 known
        as The English Card Clothing Co., Ltd.) which was a wholly 
        owned subsidiary of the Carclo Engineering Group Plc. U.K. and
 
        which holds 57.35% in the equity share capital of the
 company,
        became a subsidiary of Gold Card Trading Co., Ltd., Hongkong.
        Carclo however, continued to hold 16.65% of the equity share 
        capital of the Company.
 
 1988 - The Company also undertook Project Export involving supply,
        installation and commissioning of plant and machinery, in
        addition to export trading in a variety of items.
 
 1989 - The Company commenced setting up of a 100% Export oriented
 Unit
        to augment its capacity to manufacture Tops, having good
 export
        potential.  Facilities were also being set up to render
 services
        related to computer Aided Design, having good growth potential
 in
        the country and abroad.
 
      - It was also proposed to promote a company for manufacture and
 
        sale of products, such as undercastings of Carding Engines 
        required in the textile industry.  A proposal was also mooted
 to
        invest a sum of Rs.200 lakhs or 50% of the issued and
 subscribed
        share capital of the ICC - Horologicals, Ltd. which would 
        manufacture watch cases.
 
      - Acre Street Investments, Ltd., U.K. the holding company filed
 a
        non-repatriation undertaking in respect of 34.02% (59.32% of
        their shareholding) of the share capital of the company held
 by
        it resulting in reduction of its shareholding on repatriation
 
        basis from 57.35% to 23.33%.  With Carclo Engineering Group
 Plc.
        U.K. continuing to hold 16.65%, the non-resident shareholding
 on
        repatriation basis in the company, then stood reduced to
 39.98%.
 
 1990 - The Company undertook to market certain products required for
        textile industry, such as undercastings for carding engines. 
 The
        company proposed to manufacture these in the near future.
 
 1992 - The Company undertook to set up a joint venture company,
 Suessen
        Asia Pvt. Ltd. in India with Spindelfabrik Suessen, Schurr
        Stalecker and Grill GmbH, Germany, for manufacturing textile 
        machinery equipments and components.  The project was 
        commissioned in September 1995.
 
 1993 - 13,00,320 rights shares issued (prem. Rs.70 per share) in
 prop.
        2:5.
 
 1994 - The Company made a beginning in the activities of leasing,
        investment and property development.
 
 1996 - Recession in the domestic and overseas markets and the time
 taken
        to stabilise the products, had an adverse effect on the
 working
        of Suessen Asia Ltd.
 
      - Texmatic India Ltd. a joint venture company commenced
 operations
        in the beginning of the year.
 
 2003
 -Company has recommended dividend @ 30%
 
 2005
 -Company has declared special interim dividend of 50%
 
 2008
 -Indian Card - E-mail ID for Investors
 Complaints:investor@cardindia.com
 
 2012
 -Company has declared an Special Interim Dividend of 100 percent
 
 2013
 -Indian Card Clothing Company has recommended final dividend of Rs.
 3.50/- per equity share of Rs. 10/-  each (i.e. 35%).
 
 2014
 -Indian Card Clothing Company has recommended dividend of 30 percent
 (Rs. 3/- per share of Rs. 10 each).
 
 
स्रोत: रेलीगरे टेचनोवा

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