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माइलस्टोन ग्लोबल > कंपनी इतिहास > Ceramics & Granite > कंपनी इतिहास का माइलस्टोन ग्लोबल - बीएसई: 531338, NSE: N.A

माइलस्टोन ग्लोबल

बीएसई: 531338  |  NSE: N.A  |  ISIN: INE151H01018  |  Ceramics & Granite

कंपनी इतिहास - माइलस्टोन ग्लोबल
YEAR                       EVENTS
 1990 - The Company was Incorporated on 23rd July as a private
 limited
        company under the SSD sector for processing of polished
 granite
        tiles etc.  It was promoted by S.G. Agarwal, Ms. Renubala
        Agarwal, Syed Yasmin and Sunil Kumar Agarwal.  It was
 converted
        into a public Ltd. Company on 25th January, 1995.
 
      - The Company is a 100% Export Oriented Unit exclusively engaged
 in
        the manufacture of granite monuments, tombstones, memorials
 with
        an installed capacity of 4500 smt.  It obtained 100% EOU
 status
        on 7th June, 1993.  The Company switched its line from
 Granite
        tiles and slabs to granite monuments from 1993-94 onwards.
 
      - The Company's object is the business of processing of
 polished
        granite tiles, slabs and monuments.
 
      - The Company undertook to expand the granite processing
 capacity
        to 32,500 sq. Mt. from 4,500 Sq. Mt.  The Company also
 undertook
        to develop leased quarries for long term captive storing of
 raw
        material.  Two acres of land adjoining its existing factory at
 
        Karnataka Industrial Area Development Board (KIADB) was
 acquired
        for the same.
 
      - The Company also undertook to set up two showrooms at Paris, 
        California and Cocksville, Maryland for retail sales.  Orders
 for
        plant and machinery were placed.
 
      - The Company entered into exclusive agency agreements with two
        resident representatives in USA on 12.5% commission on FOB
 basis.
        The Agents GB Enterprises and M.V. Monty Mittal are in the
        granite business over 10 years.  The Company would also sell
        directly to bulk customers in USA, France and Ireland.
 
 1996 - 10,67,500 No. of Equity shares held by promoters (of these 
        1,00,000 shares issued at a prem. of Rs.5 per share).  During
        October 1995, the company issued 39,50,000 No. of equity
 shares 
        at a prem. of Rs.5 per share of which the following were
 reserved
        and allotted on a firm basis:
 
      - (i) 66,600 shares to Karnataka State Financial Corporation
        (KSFC),
 
      - (ii) 33,300 shares to KSIIDC,
 
      - (iii) 1,00,000 shares to SBI Funds Management,
 
      - (iv) 2,00,000 shares to PNB Asset Management Co. Ltd.,
 
      - (v) 4,50,000 shares to NRIs/Overseas Corporate Bodies.  Of
 the
        remaining, the following were reserved for allotment on a
 pref.
        basis:
 
      - (1) 5,00,100 shares to banks FIs, 
 
      - (2) 3,00,000 shares to Indian Mutual Funds of these none were
 
        taken up.  Balance 13,50,000 shares along with 8,00,000
 shares
        not taken up under preferential allotment issued to the
 public.
 
 2003 - Re-issue of forfeited Equity share
 
 2005
 
 -Company has changed its name from Sangeeta Granites Ltd. to
 Milestone Global Ltd.                                                
      
                                                     
 2006
 
 -Mr Rajeev K Garg appointed as Additional Director of the Board.
 
 -Milestone Global Ltd has appointed Mr. Deepak Agarwal as additional
 director who shall hold office till the next AGM or his resignation
 whichever is earlier.
 
 2008
 
 - Milestone Global Ltd has has appointed Ms. Vinita Sahaly as
 additional director of the Company.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1352 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `985 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `2645 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `417 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `2929 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `66 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शन में `199.26 Cr की खरीदारी
  • MACQUARIE ON CHOLA FIN : Outperform रेटिंग, लक्ष्य `300/Sh
  • MACQUARIE ON SBI LIFE : Underperform रेटिंग, लक्ष्य `645/Sh
  • CLSA ON DB CORP : BUY रेटिंग, लक्ष्य `185/Sh

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