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श्रेयांस इंडस्ट्रीज > कंपनी इतिहास > Paper > कंपनी इतिहास का श्रेयांस इंडस्ट्रीज - बीएसई: 516016, NSE: SHREYANIND

श्रेयांस इंडस्ट्रीज

बीएसई: 516016  |  NSE: SHREYANIND  |  ISIN: INE231C01019  |  Paper

कंपनी इतिहास - श्रेयांस इंडस्ट्रीज
YEAR                                              EVENTS
 1979 - The company was incorporated on 11th June, at Jullundur.  The
              company was promoted by M/s. Vardhaman Spinning and
 General Mills
              Ltd.  The company's object is to manufacture of pulp and
 writing
              and printing paper.
 
           - Chemprojects Designs and Engineering Private Ltd., New
 Delhi, 
              were appointed as technical consultants for the
 project.
 
 1981 - 11 equity and 10 pref. shares taken up by promoters. 
 20,49,989 
              No. of equity shares issued in Jan. 1982.  9,69,989
 shares 
              reserved to promoters, directors, etc.  3,00,000 shares
 allotted
              to PSIDC and 7,80,000 shares offered to the public.
 
 1985 - 39,250 forfeited equity shares reissued.
 
 1987 - The Company proposed to set up a project in Joint Sector, in 
              association with Gujarat Industrial & Investment
 Corporation Ltd.
              (GIIC), to manufacture Medium Density Board with an
 annual
              capacity of 15,000 tonnes.  For this purpose, a new
 company in
              the name and style of `Gujarat Oswal Boards Ltd.' was
 being
              incorporated.
 
 1989 - The Company undertook the implementation of the second phase
 of
              modernisation scheme.
       
 1990 - The Company implemented a spinning project of 24,960 cotton
              spindles.  600 spindles were installed and were in
 production. 
 
           - 100 forfeited equity shares reissued.
        
 1991 - 11,520 spindles were installed and commissioned.
 
           - On 3rd September, the company offered 3,48,500 - 14%
 secured
              redeemable partly convertible debentures of Rs.300 each
 for cash
              at par to the shareholders of the company on rights
 basis in the 
              ratio of 17 debentures: 100 No. of equity shares (only
 3,11,614
              debentures were taken up).
 
            - Another 3,51,500 - 14% redeemable partly convertible
 debentures
              of Rs.300 each for cash at par were offered through
 prospectus.  
              Out of these, 35,000 debentures were reserved for
 employees 
              (including Indian working directors)/workers of the
 company
              (only 9,680 debentures were taken up), 37,500 debentures
 on a
              preferential basis to the NRIs on repatriation basis
 (all were
              taken up), 35,150 debentures for allotment on a
 preferential 
              basis to the shareholders of Adhinath Textile Ltd. (all
 were 
              taken up).
 
           - The balance 2,43,850 debentures together with the
 unsubscribed
              25,320 debentures of the employees quota were offered
 for public
              subscription (all were taken up).  Additional 5,620
 debentures to
              NRI investors, 5,278 debentures to Adhinath Textiles,
 Ltd.,
              shareholders and 41,835 debentures to general public
 were alloted
              to retain oversubscription.
 
            - Conversion of partly convertible debentures of the face
 value of
               Rs.300 each will be in two parts.  Part-A of Rs.200
 will be
               converted into 5 equity shares of Rs.10 each at a prem.
 of Rs.30 
               per share on the expiry of nine months from the date of
 allotment
      
            - Part-B, the non-convertible part of Rs.100 will be
 redeemed in
              three instalments of Rs.30, Rs.35, and Rs.35 at the end
 of the 
              7th, 8th and 9th years respectively from the date of
 allotment.
 
            - Subject of necessary approvals being obtained the
 company
               proposed to make a right issue of equity shares at a
 prem. of
               Rs.20 per share in the ratio of 1:1 to the existing
 shareholders.
  
            - Two boilers were converted to fluidized-bed-combustion
 system to make
               them more fuel efficient.
 
             - The company installed the Bi-Nip press on the paper
 machine to improve upon
               dryness of the sheet as entering the dryer so as to
 save on steam consumption.
 
            - During the period under review major re-build of the
 machine was taken up with
               latest technology of dewatering on wire and better
 pressing which has enabled the
               company to speed up the Machine and also have better
 productivity and energy
               efficiency.
 
 1992 - 40,25,000 No. of equity shares allotted on part conversion of
 14%
              debentures.
 
            - Company proposes to plant more than 50,000 trees during
 the current year.
 
            - The Company entered the capital market during the year
 under review with
               Right-cum-Public Issue of 700,000 partly convertible
 debentures of Rs. 300/- each
               aggregating to Rs. 21 crores.
 
 1994 - The Company entered into an agreement with Zenith Limited for
 purchase of the
              assets of their Paper Division, working under the name
 and style of Zenith Papers
              at Village Banah, District Ropar of Punjab.
 
            - The Company also proposes to put up a plant for recovery
 of Caustic Soda in
               Shreyans Paper Division, Ahmedgarh.
 
            - The Company has entered into an agreement to buy the
 fixed assets of Paper
               Division of M/s. Zenith Limited, Mumbai, situated at
 Village Banah, District Ropar,
               Punjab for the total sum of Rs. 1475 Lacs.
 
 1995 - A Co-generation plant with a generating capacity of 2 MW was 
             commissioned at Ahmedgarh.  The drying capacity of paper
 machine
             at Ahmedgarh was proposed to be increased by installation
 of 
             infra-red drying system.
 
 1996 - The Co-generation plant was commissioned at the Shreyans
 paper,
              Ahmedgarh leading to production of 30% of the total
 power
              requirement of the unit.
 
           - The expansion cum modernisation scheme at Shree Rishabh
 paper,
              Banab, was taken up.  This would result in an increase
 in the
              capacity of the division to 25,000 TPA.
 
            - During the year, it was proposed to increase the
 capacity of the
              Shreyans Spinning Mills by installation of additional
 4000
              spindles.
 
 1997 - Expansion-cum-modernisation scheme was taken up for
 implementation in
              Shree Rishabh Papers, Banah during the current year.
 
            - The Shreyans Spinning Mills, Machhiwara unit was granted
 ISO 9002
              certification during the year under review which shows
 the commitment
              of the management to produce quality yarns.
 
            - An Infra-red Drying System has been commissioned in the
 current year at
              Shreyans Papers, Ahmedgarh which would result in
 increasing the drying
              capacity of the paper machine.
 
            - It is proposed to increase the capacity of Shreyans
 Spinning Mills by
              installation of additional 4,000 spindles.
 
            - Shri K.L. Dalal and Dr.(Mrs.) H.K Bal Directors of the
 Company retires.
 
            - Company has allotted 30,00,000 warrants with an option
 to convert
              the said warrants with 30,00,000 No. of Equity Shares of
 Rs. 10/- each at a
              premium of Rs. 57/- within a period of 5 years from the
 date of
              allotment i.e. 30th March, 1994.
 
            - 25000, 14% Debentures of Rs 100/- each fully paid
 privately placed
               with Unit Trust of India Redeemable at Premium of Rs
 5/- per debenture
              on the expiry of 7th year from the date of allotment
 i.e. 11th April, 1990
 
            - 25000, 14% Debentures of Rs 33.33 (Previous Year Rs.
 66.67) each
               fully paid privately placed with LIC of India
 Redeemable at Premium of
               Rs 5/-per debenture in three annual instalments
 commencing on the
               expiry of 6th year from the date of allotment i.e. 13th
 March 1990.
 
            - 450000, 17.5% Debentures of Rs. 100/- each fully paid
 privately
               placed with IDBI Redeemable in three annual instalments
 commencing on
               the expiry of 6th year from the date of allotment i.e.
 28th March,1994.
 
            - 805000, 14% Non convertible Debentures of Rs. 100/- each
 Redeemable
              in three annual instalments commencing on the expiry of
 7th year from
              the date of allotment i.e. 29th October, 1991.
 
            - The Chemical Recovery Plant at Shree Rishabh Papers
 Banah is stated to be
              commissioned during the current year.
 
            - 50000 Unsecured Debentures of Rs. 100 each issued at a
 discount of
              Rs. 7.40 per debenture.
 
 1998 - Operations of the Spinning Division were affected adversely
 because of very
              poor cotton crop during 1997-98 cotton season due to
 adverse weather conditions.
 
            - Infrared Drying System was commissioned during the year
 under review.
 
            - Shri. R. M. Mehta and Shri. Rajneesh Oswal Directors of
 the Company retires.
 
 1999 - Closure of Shree Rishabh Papers for almost two months under
              orders from state Pollution Control Board and lower
 utilisation in
              spinning division because of liquidity crunch.
 
            - Operations in Shree Rishabh Papers, Banah unit were
 affected for two months
               during the year resulting in fall in production from
 15349 MTs to 13774 MTs.
 
           - Production in spinning division of Shreyans Spinning
 Mills, Machhiwara decreased
             from 4139 MTs to 2929 MTs primarily because of change in
 product pattern from
             cotton to polyester cotton in finer counts because of
 very adverse market conditions in
             cotton yarn and lower spindle utilisation because of
 liquidity crunch.
 
 2000 
 
 -To issue to GIC Mutual Fund, 24,000 14 per cent optionally fully
 convertible debentures of Rs 100 each, convertible at the option of
 the holder into 10 equity shares of Rs 10 each aggregating Rs 24
 lakhs on preferential basis.
 
 -Mr. Suresh Nagarkatte has been appointed as the Nominee Director in
 place of Mr. Deepak Agarwal.
 
 2005
 
 -The Company appointed Sh. D K Oswal as Managing Director. 
 
 2007
 
 - Shreyans Industries Ltd has appointed Sh. Kunal Oswal as Whole Time
 Director.
 
 2009
 
 - Shreyans Industries Ltd has informed that Board of Directors at its
 meeting held on May 18, 2009 has appointed Mr. A.K. Chakraborty, as an
 Additional Director of the Company.
 
 2011
 
 -The Company appointed Mr. Rajneesh Oswal as Chairman & Managing
 Director.
 
 2013
 -Mr. Videshwar Sharma has been appointed as Company Secretary and
 Compliance Officer of the company.
 -The company has recommended Dividend of Rs. 1.00 per equity shares.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `637 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `468 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `2005 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `494 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `2119 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `596 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `12 Cr की बिकवाली
  • CITI ON DLF : Sell रेटिंग, लक्ष्य `144/Sh
  • MS ON DLF : Overweight रेटिंग, लक्ष्य `211/Sh
  • CLSA ON DLF : Buy रेटिंग बरकरार, लक्ष्य `190/Sh

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