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Aro Granite Industries Ltd. Company History and Annual Growth Details

1988 - The Company was incorporated as a private limited company on 3rd
May and was converted into a Public Limited Company with effect
from 4th April 1989. The Company was promoted by Sunil K. Arora
and Sunil Arora and Prem Arora.

- The Company had set up a project for manufacture of Granite Tiles
(Polished) with an installed capacity of 72,000 Sq. mts. at
SIPCOT Industrial Area, Hosur, Dist. Dharmapuri, Tamilnadu.

1995 - During January the company offered 30,00,000 No. of equity shares
of Rs. 10 each for cash at a premium of Rs. 10 per share of which
2,50,000 shares were offered to promoters, directors, their
friends and relatives. 3,75,000 shares were offered to ICICI,
5,70,000 shares were offered NRIs, FIIs, OCBs, 15,400 shares were
offered to the employees and the balance 17,89,600 shares were
offered to the public. All were taken up.

1996 - 14,00,000 Shares were held by promoters. 2,80,000 shares
allotted on conversion of Convertible Cumulative Preference
shares held by ICICI.

2003 - Company is being awarded with 'Special Export Award' by Chemical & Allied Product Export Promotion Council (CAPEXIL) for its outstanding export performance during the year 2002-2003 by the Government of India on November 7, 2003.


-The Company has issued Bonus Shares in the Ratio of 1:2.


- Aro Granite Industries Ltd has appointed Sh. Rahul Gupta as Additional Director of the Company.
Oct 26, 3:10 pm
Oct 26, 3:19 pm
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