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वर्धमान होल्डिंग्स > कंपनी इतिहास > Textiles - Spinning - Synthetic Blended > कंपनी इतिहास का वर्धमान होल्डिंग्स - बीएसई: 500439, NSE: VHL

वर्धमान होल्डिंग्स

बीएसई: 500439  |  NSE: VHL  |  ISIN: INE701A01023  |  Textiles - Spinning - Synthetic Blended

कंपनी इतिहास - वर्धमान होल्डिंग्स
YEAR                       EVENTS
 1962 - Vardhaman Spinning and General Mills was incorporated on 27th
        December, at Punjab.  The main object of the company is to
        manufacture cotton spinning and line manufacturing, staple
 fibre
        yarn, machine combing and recombing of all types of fibres
 and
        the manufacture of Mild high carbon and spring steel
        billets/ingots.
 
 1970 - Equity shares subdivided.  In July 1972, 20,000 Pref. and
        4,00,000 No. of equity shares issued.  57,000 No. of equity
        shares reserved for directors and the balance offered to
 public.
 
 1975 - Issued 1,00,000 No. of equity shares to IFCI and 80,000 No.
 of
        equity shares to IDBI on conversion of loan on 1.7.1975.
 
 1976 - 4,39,400 bonus equity shares issued in prop. 1:2.
 
 1982 - During February, the Company issued 2,00,000-13.5%
 convertible
        secured debentures of Rs 100 each at par with additional
 interest
        of 1% when the company declares a dividend of 18% or more.
 
      - Rs 18 from each debenture of Rs 100 is convertible into one
        equity share of Rs 10 each at a premium of Rs 8 per share on
 1st
        January, 1983 (Conversion right is already exercised.)  The
        balance amount of Rs 82 per debenture is redeemable in four
 equal
        annual instalments of Rs 20.50 each commencing from the expiry
 of
        the 8th year from the date of allotment of debentures.  In
 the
        event of a bonus issue prior to 1st January, 1983, the
        entitlement to shares will get augmented and the premium
 payable
        on conversion will stand reduced proportionately.
 
      - 13,18,200 bonus equity shares issued in prop. 1:1 during
        December.  4,00,000 No. of equity shares issued to the
        debentureholders in January 1983 of which 2,00,000 shares
 issued
        on account of part conversion of debentures and the balance
        2,00,000 by way of bonus shares.
 
 1985 - The Company proposed to replace 8,216 old spindles by new
 ones
        and also add on a few balancing equipments in the dye house. 
 The
        necessary approval was received for setting up an industrial
 unit
        with 300 looms and process house.
 
 1986 - The Company launched another modernisation scheme for its
        spinning unit at Ludhiana.  The Company then launched one
 more
        modernisation scheme.
 
      - The Company issued 3,00,000-15% secured non-convertible
        redeemable debentures of Rs 100 each on private placement
 basis
        to the Life Insurance Corporation of India, the Unit Trust of
        India and General Insurance Corporation to meet the working
        capital needs.
 
 1987 - The Company received a letter of intent for setting up a
 6,000
        worsted spindles project at Mandideep in Madhya Pradesh.
 
      - 20,000-9.5% pref. shares were redeemed.
 
 1989 - The Company launched one more modernisation programme, for
 the
        Company's spinning as well as the steel unit.
 
      - The Company proposed to expand the capacity of the unit by
 about
        30,000 spindles.
 
      - The Company was granted a letter of intent for the setting up
 a
        weaving unit in Himachal Pradesh with a capacity of 300
 tonnes.
        Effective steps were being taken for the implementation of
 the
        first phase by installing 72 airjet weaving machines.
 
 1990 - Production at the Steel Unit was affected by labour unrest
 for
        about three months.
 
      - The Company was granted a letter of intent for setting up a
 100%
        EOU in Himachal Pradesh with a capacity of 25,000 spindles.
 
 1993 - The Company undertook to set up a dye house for processing of
        fibrics/yarns.
 
      - The Company made a preferential issue of 15,00,000 warrants
        entitling 15,00,000 No. of equity shares of Rs 10 each to its
        promoters.
 
      - During January, the Company issued 15,94,110-14% secured
        redeemable partly convertible debentures of Rs 300 each of
 which
        15,18,200 debentures were issued to shareholders on rights
 basis
        in proportion 1 deb. : 2 equity shares held (all were taken
 up).
        Another 75,919 debentures were offered to employees on an
        equitable basis (2,310 shares taken up).
 
      - Part A of Rs 150 of the face value of each debenture was
        converted into 1 equity share of Rs 10 at a premium of Rs 140
 per
        share after 6 months from date of allotment of debentures.
 
      - Part B of Rs 150 of the face value of each debenture was to
 be
        redeemed at par in 3 annual instalment of Rs 50 each at the
 end
        of 7th, 8th & 9th year from the date of allotment of
 debentures.
 
 1994 - 92,56,400 bonus equity shares issued in prop. 2:1.
 
 1995 - The performance of the Company suffered due to the high prices
 of
        cotton which kept the margins under pressure.
 
      - The Company undertook to enrich its product-mix and also
        diversify its market base, by new development of products
 based
        on capabilities and skills created.
 
      - 6,90,000 No. of Equity shares allotted against warrants which
 was 
        earlier issued to promoters and their associates on
 preferential
        basis.  Another 13,80,000 Bonus Equity shares issued in prop.
 2:1 
        on 30.9.95.
 
 1996 - Introduction of new value added products.  The Company
 proposed
        to change the location of the 100% EOU project having capacity
 of
        50,000 spindles from Pithampur to Baddi with a capacity of
 25,200 
        spindles in the first phase was expected to be commissioned
        during 1997-98.
 
      - The Company also proposed to expand weaving operations by
 adding
        36 looms.
 
 1997 - The Company proposed to set up a fabric house in the name and
        style of `Auro Textiles' at Himachal Pradesh in technical
        collaboration with `Tokai Senko' of Japan with a capacity of
 30
        million metres per annum.
 
      - Vardhman is also setting up a 100 per cent EoU at Baddi with
        installed capacity of 25,200 spindles.
 
      - The company is also taking up expansion programme of its
 weaving
        division by installing another 36 looms.  The expansion will
 be
        operational by November.
 
 1998 - VSGM has maintained its capacity utilisation at about 97 per
        cent.
 
      - Vardhman Spinning and General Mills (VSGML), the flagship
        company of the Ludhiana-based Vardhman group, issued
 partially
        convertible debentures (PCDs) in December 1992.
 
      - The company set up a 100 per cent EoU of 25,000 spindles,
 which
        was commissioned in March.  With this, the total capacity
 stands
        at 1.48 lakh spindles.
 
      - The company plans to set up a fabric process house in Baddi
 with
        technical collaboration from Tokai Senko of Japan.
 
 1999 - The company has a strong market position in the yarn
 business,
        sound fundamentals and an impressive financial track record.
 
       - The company has been implementing projects to enhance its
         spindleage.
 
 2003
 
  - Industrial Development Bank of India (IDBI) has withdrawn the
 nomination of Mr. B K Batra from the Board of the Company and has
 appointed Mr. C V Ramani as its nominee director on the Board of the
 Company in his place.
 
 -Mr. S P Oswal appointed as Chairman & Managing Director of the
 Company
 
 -Board approves delisting of securities from Delhi Stock Exchange
 
 2004
 
 -Vardhman Spinning & General Mills Ltd has informed that the Equity
 Shares of the Company has been delisted from the Delhi Stock Exchange
 Association Ltd, New Delhi w.e.f. March 31, 2004.
 
 2006
 
 -Company has changed its name from Vardhman Spinning and General
 Mills Ltd. to Vardhman Holdings Ltd.                                 
                    
                                   
 2009
 
 - Vardhman Holdings Ltd has appointed Shri. O P Sharma as an
 additional director on the Board of the Directors with effect from
 July 24, 2009.
 
 2010
 
 -Vardhman Holdings recommended a dividend of Rs.2/- per share 
 
 2011
 
 -Vardhman Holdings has recommended a dividend of Rs. 2.5 per share
 
 2012
 
 -M/s R. Dewan & Company has been appointed as Statutory auditors of
 the Company
 
 -Vardhman Holdings has recommended a dividend of Rs. 2.50 per share
 
 2013
 
 -Mrs. Apinder Sodhi, has been appointed as an Independent Director of
 the Company with effect from July 27, 2013.
 -Vardhman has recommended a dividend of Rs. 3 per share on fully paid
 up equity shares of the Company.
 
 2014
 
 -Vardhman has recommended a dividend of Rs. 3.00 per share on fully
 paid-up equity share capital of the Company.
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `191 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `590 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `3344 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `994 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1539 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `768 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `43.26 Cr की खरीदारी
  • MACQUARIE ON BANDHAN BANK : Underperform रेटिंग, लक्ष्य `470/Sh
  • MACQUARIE ON INFOSYS : Outperform रेटिंग, लक्ष्य `830/Sh
  • CITI ON AUROBINDO PHARMA : BUY रेटिंग, लक्ष्य `820/Sh

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