MSL Industries Ltd. వార్షిక వృద్ధి వివరాలు ఆధారంగా కంపెనీ చరిత్ర

YEAR EVENTS 1971 - The company was incorporated in the State of Bihar on 7th May, as
a private limited company and was converted into a deemed public
limited company on 1st October, 1981. It was promoted by Mr. M.
P. Modi and his sons.

- The main objective of the company is to manufacture Cold Rolled
galvanised Steel Strips and insulating and sheathing polymer
compounds.

- Subject to necessary approvals being obtained, the company
proposed to change its name to MSL Industries, Ltd., since the
company's business was no longer restricted to manufacture of
steel strips but had diversified into other fields like polymers
etc.

1973 - The company started operations at its factory in Patna with
production of cold rolled steel strips required for various
engineering applications.

1985 - The company commenced manufacture of Hot Dip Galvanised Steel
Tapes primarily require the Tele-communication and power cable
industry.

1986 - Till date 3,35,000 No. of equity shares allotted to promoters,
directors, etc.

1987 - 3,35,000 Bonus Equity shares issued in January 1988 in prop. 1:1.

1988 - 14,71,430 No. of equity shares issued (prem. Rs. 4 per share)
through a prospectus of which 5,71,430 shares were reserved and
allotted to promoters, directors, etc. and associate companies.

- Out of the remaining 9,00,000 shares the following shares were
reserved for preferential allotment:

- (i) 73,600 shares to employees (including Indian working
directors)/workers of the company (only 10,000 shares taken up)
and

- (ii) 2,25,000 shares to NRIs (all were taken up).

- The balance 6,01,400 shares, along with the unsubscribed portion
of 63,600 shares out of the employees quota were offered for
public subscription during November/December. 2,20,714
additional shares were allotted to retain oversubscription
(85,714 shares to promoters, 33,700 shares to NRIs and 1,01,300
shares to the public).

1989 - The company took up a project to expand and modernise its
existing cold rolling mill at Patna by upgrading the annealing
and pickling facilities to produce thin guaged cold rolled steel
strips.

- The company set up 'Hind Polymers' at Surajpur in Ghaziabad
district of U.P. for manufacture of 8,000 TPA of insulating and
sheathing polymer compound required for polyethelene jelly filled
cables and dry core telephone cables. Main plant and machinery
technical services for erection and commissioning was provided by
Pomini Farrel SPA of Italy.

1990 - The company proposed to expand the manufacturing capacity of CR
strip by installing a sophisticated wider width mill and other
facilities. It was also proposed to set up additional
compounding line and substantially upgrade the laboratory
facility to obtain better quality products.

1991 - The Company undertook the expansion of its cold rolling capacity
to 16,000 TPA.

1992 - The Company undertook a project to manufacture 7,000 TPA of high
tensie steel strappings with a view to exports and broad basing
of the division.

- The company promoted Jersy India, Ltd., for setting up a project
for manufacture of cotton knitted fabrics.

1993 - The company undertook the modernisation and expansion of its cold
rolling capacity from 16,000 TPA to 40,000 TPA.

- The Company undertook the modernisation and expansion of
installed capacity of polymer division from 10,000 tPA to 15,000
TPA for manufacture of higher value added products for the niche
markts.

- During February, the company issued 11,81,072 No. of equity
shares of Rs. 10 each at a premium of Rs. 50 per share on rights
basis in the proportion 1:2 (all were taken up).

- Another 43,800 No. of equity shares of Rs. 10 each at a premium
of Rs. 50 per share were offered to the employees, etc. on an
equitable basis (only 100 shares taken up). Unsubscribed portion
was allowed to lapse.

1994 - 8,50,000 No. of equity shares allotted to foreign Institutional
Investors at a price of Rs. 130 per share.

1995 - Company has undertaken a project to manufacture Polymer compounds
for power cables. Company is setting up a plant near Calcutta.

1996 - Company has put on hold implementation of the project due to
adverse market conditions.

- 21,96,658 No. of equity shares of Rs. 10 each at a premium of Rs.
65 per share allotted on conversion of part A of 16% FCDs.

1997 - Performance of Polymer division was adversely affected due to
delay in placement of orders by the Tele-Communication Department
and severe competition due to liberalised policy.

- 21,96,658 No. of equity shares issued on conversion of Part-B of
16% FDCS.

2001 - The Company has entered into an agreement with CDSL, NSDL & MCS
Ltd. for dematerialisation.

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