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Apcotex Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1986 - The Company was incorporated as a private limited company which
was converted into a deemed public limited company with effect
from May 12, 1988. The main object of the Company is to
manufacture and trade in wide variety of synthetic rubber and
lattices used in the Tyre, Paper, Textile and carpet industries
and synthetic rubber used in footwear industry.

1990 - The Company took over Apcotex Division of Asian Paints. The
Company manufactures Vinyl Pyridine Latex, an important raw
material for Tyre industry at Taloja, Maharashtra in technical
collaboration with Chemische Werke Huls (CWH).

1995 - The company has undertaken expansion of capacities to manufacture
10,000 MT of Synthetic Rubber from the existing 1500 MT at a cost
of Rs 30 crores.

- Apcotex Financial Services Ltd. is the subsidiary of the Company.

1997 - 4,76,071 No. of equity shares of Rs 10 each at a premium of Rs
105 per share allotted to the shareholders holding odd lots below
50 shares for converting odd lot in to market lot. 5,00,000 No.
of equity shares of Rs 10 each at a prem. of Rs 105 per share
allotted to the promoters through firm allotment. 14,400 No. of
equity shares of Rs 10 each at a premium of Rs 105 per share
allotted to the employees of the company. 1,09,550 No. of equity
shares of Rs 10 each at a prem. of Rs 105 per share allotted to
the public.
2010

- Apcotex Industries Limited has appointed Shri. Abhiraj Choksey as the Managing Director of the Company for a period of three years with effect from May 01, 2010. Further Shri. Abhiraj Choksey was serving the Company as the Executive Director of the Company from May 01, 2005 and his term expires on April 30, 2010. Shri Sanjay Kumar Lahiri was appointed as Whole-time Director and CEO of the Company from June 04, 2007 and his term expires on June 03, 2010.
 
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