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B L Kashyap & Sons Ltd. Company History and Annual Growth Details

Our Company was incorporated on May 8, 1989 under the
Companies Act as "B. L. Kashyap and Sons Private Limited" with
the ROC and subsequently converted into a public limited company
on June 7, 1995 and the name was changed to "B.L. Kashyap and
Sons Limited".

Acquisition of BLK Furnishers & Contractors Pvt. Ltd.

On April 4, 2005, we acquired 11,000 equity shares of Rs. 10 each
of BLK Furnishers & Contractors Pvt. Ltd. ("BLK Furnishers") comprising
100% equity share capital of BLK Furnishers from our Promoters,
namely, Mr. Vinod Kashyap, Mr. Vineet Kashyap and Mr. Vikram
Kashyap. The consideration paid by us to the sellers of the equity
shares was Rs. 4.20 million. For details in relation to BLK Furnishers,
please see sub-section titled "Our Subsidiaries and Associate Firm" of
this section.

Acquisition of Business from M/s. B.L. Kashyap & Sons (partnership firm)

Vide an agreement dated November 16, 2005 executed between our
Company and M/s. B.L. Kashyap & Sons (partnership firm), we acquired
the construction business of the partnership firm on a going-concern basis
as of November 15, 2005. The consideration paid by us to the partnership
firm was Rs. 2.63 million. In addition, M/s. B.L. Kashyap & Sons (partnership
firm) has agreed not to undertake or carry out business of providing
construction services or any other related services, which would
compete with our business.

Major events:

A chronology of some key events since the Company was incorporated is
set forth below:

Year Event

1989 Our Company was incorporated as a private limited company.
1995 Our Company was converted into a public limited company.
1996 Turnover for fiscal 1996 was Rs. 285 million.
1999 Turnover for fiscal 1999 crossed Rs. 500 million.
2004 Turnover for fiscal 2004 crossed Rs. 1,500 million.
2005 Turnover for fiscal 2005 crossed Rs. 3,000 million.
Ventured into interiors and furnishing business by acquisition
of 100% equity shares of BLK Furnishers & Contractors Pvt. Ltd.
Acquisition of construction business of M/s. B.L. Kashyap & Sons
(partnership firm).

Major events:

A chronology of some key events since the Company was incorporated is
set forth below:

Year Event

1989

-Our Company was incorporated as a private limited company.

1995

-Our Company was converted into a public limited company.

1996

-Turnover for fiscal 1996 was Rs. 285 million.

1999

-Turnover for fiscal 1999 crossed Rs. 500 million.

2004

-Turnover for fiscal 2004 crossed Rs. 1,500 million.

2005

-Turnover for fiscal 2005 crossed Rs. 3,000 million.

-Ventured into interiors and furnishing business by acquisition of 100% equity shares of BLK Furnishers.

-Acquisition of construction business of M/s. B.L. Kashyap & Sons (partnership firm).

2006

-National Safety Award for the Year

--Registered Office of the Company has been shifted from "A-12, Kailash Colony, New Delhi-110048" to " A-21/B-1, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110044"

2007

-The Company has bagged fresh Construction Orders for Rs 1007 crores.

-The Company has recommended a dividend of 35% per equity share, on par value of Rs 10/- each.

-Company has splits its Face value of Shares from Rs 10 to Rs 5

2008

-The Company has bagged new projects worth over Rs 1100 Crores.

-The Company has bagged new projects worth over Rs 344 Crores for Construction of approx 3.60 million sq. ft. of space.

-The company has recommended a dividend @ 80% on the face value of Equity Share of Rs 5/- each (i.e. Rs 4/- per Equity Share).

-Registered Office of the Company has been shifted From A-21/B-1, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110 044 To B1 Extension / E-23, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110 044.

2009

-The Company has recommended a dividend at the rate of Re. 1/- per equity share of the face value of Rs. 5/- each.

2010

-The Company bags Orders worth Rs. 516 Crores.

-The Company Bags Orders worth Rs. 815.64 Crores

-The Company recommended a dividend at the rate of Re. 1/- (20%) per Equity Share of the face value of Rs. 5/- each.

-Company has splits its Face value of Shares from Rs 5 to Re 1

-B L Kashyap & Sons has given the Bonus in the Ratio of 1:1

2011

-The Company has recommended a dividend at the rate of Re. 0.10/- (10%) per Equity Share of the face value of Re. 1/- each.

2012

-The Company bags orders worth Rs. 614 Crores.

-The Company has recommended a dividend at the rate of Re. 0.05/- (5%) per Equity Share of the face value of Re. 1/- each.

-The Company has appointed Mr. K. Gopal as Chief Executive Officer (CEO) / Chief Financial Officer (CFO) of the Company.

-Registered Office of the Company has been shifted from "B-1 Extension/E-23, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi - 110044" to " 409, 4th Floor, DLF Tower A, Jasola, New Delhi - 110025"

2013
-B. L. Kashyap and Sons Ltd has recommended a dividend at the rate of Re. 0.05/- (5%) per Equity Share.

2016
-"B.L. Kashyap and Sons Limited bags New Projects worth of Rs. 270 Crores".

2017

-B. L. Kashyap and Sons Ltd bags New Projects Worth of Rs.431 Crores approx..

2018

-B. L. Kashyap and Sons Limited "Recent award of New Projects worth of Rs. 694 Crores approx.

-B L Kashyap & Sons Receipt of Order of New Projects worth of Rs. 605 Crores approx.

2019

-B. L. Kashyap & Sons Limited, one of the leading construction, infrastructure has started execution of order worth Rs 332 crores secured from the National High-Speed Rail Corporation Limited (NHSRCL).

-B. L. Kashyap & Sons bags orders worth Rs 460.53 cr from unrelated domestic clients.

2020

-B L Kashyap and Sons Limited with respect to recent news item captioned Bhutani Infra gives Rs 500 cr contract to BL Kashyap Ltd to construct commercial project in Noida.

2021

-B. L. Kashyap and Sons Limited has informed that "Award of New Projects worth 62.15 Crores.

2023

-B L Kashyap and Sons Limited has informed the Exchange regarding ''Recent award of New Project of Rs 132 Crores''.
-B L Kashyap & Sons wins order worth Rs 313 cr from domestic unrelated client 'Railways Land Development Authority
- B L Kashyap & Sons has secured new orders aggregating to Rs 158 crore.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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