1957 - 17,500 shares subscribed for by directors, etc. 15,500 shares
issued to collaborators.
1958 - The Company was Incorporated on 27th December at Mumbai. The
Company Manufacture pigments, pigment emulsions, dispersions,
binder materials, thickeners, chemicals, dyes and manures.
1959 - 32,500 Rights share issued in prop. 1:1.
- In April 1959, 35,000 shares offered at par to the public.
1962 - In Aug. 1961, 5,500 shares each issued to two collaborators.
14,000 Rights shares offered at par to resident shareholders in
1966 - 50,000 Bonus shares issued in prop. 2:5.
1969 - 1,00,000 Bonus shares issued in prop. 4:7.
1974 - 1,37,500 Bonus shares issued in prop. 1:2.
1976 - 1,54,687 Bonus Equity shares issued in prop. 3:8.
1979 - 2,26,874 Bonus Equity shares issued in prop. 2:5.
1980 - The Company proposed to subscribe to the rights shares offered
by Haycolour Ltd., of the face value not exceeding S.L. Rs 16
lakhs (equivalent to about Indian Rs 7.3 lakhs).
1982 - Kundalika Investments Ltd., became a subsidiary of the Company
during the year.
- The Company jointly promoted 'Vanavil Dyes and Chemicals, Ltd.
(VDCL) along with Tamilnadu Industrial Development Corporation,
Ltd. and Tamilnadu Handloom Weavers Co-operative Society Ltd.
1983 - Haycolour Ltd's., operations were affected due to ethnic problems
in Sri Lanka.
1987 - A BON acid plant with an installed capacity of 300 tonnes annum
at Roha factory went on stream during the year.
1988 - An agreement was reached with TIDCO and TNHWCS to transfer
6,23,000 shares of Rs 10 each out of 6,24,000 shares held jointly
by them in VDCL in the name of Colour Chemicals Ltd., at a price
of Rs 24.67 per share. There was an increase in the equity
shareholding of the Company in VDCL to nearly 51% thereby making
it a subsidairy.
- Farbenfabriken Bayer A.G. Leverkusen, West Germany and Farbwereke
Hoechst A.G. Frankfurt, West Germany were the
technical-cum-financial collaborators of the Company since its
- The technical agreements signed by Bayer AG with the Company
stood terminated by mutual consent effective from 31st July,
1990 - The Company launched the indenting business during the year.
- Necessary approvals were received for the manufacture of oil and
well chemicals with a capacity of 5,000 tonnes per annum at the
- The Company issued 14% non-convertible debentures of an aggregate
value of Rs 400 lakhs on a private placement basis with the UTI.
1991 - Effective from 4th June, the Company was forced to suspend its
operations at the Roha work due to intermittent work stoppage
and frequent agitation by the workmen.
- On 26th June, the Company declared a lock-out at its Roha plant.
The lock-out was lifted on the 29th July, 1991 on the
intervention of the Industrial Court, Thane.
1992 - 1,68,000 No. of Equity shares allotted (prem. Rs 60 per share) to
Hoechst AG to increase its holding from 40% to 50.52% in the
1993 - The Company incurred a capital expenditure of Rs 14.65 crores on
programme of modernisation and upgradation of manufacturing
- As on 31st March, the Company held all the 2,50,000 No. of Equity
shares of Rs 10 each fully paid-up of this subsidiary.
- Vanavil Dyes & Chemicals Ltd., is also a subsidiary of the
Company with a holding of 12,22,934 No. of equity shares of Rs 10
each out of 24,00,000 No. of equity shares issued as on 31st
- The Company undertook to enter into a joint venture in Sri Lanka
to manufacture pigment emulsions and dispersions for textile
printing in collaboration with Hyaleys Ltd. of Colombo. For this
purpose a new company under the name Haycolour Ltd., was
incorporated in March 1980 as a private limited company in Sri
- Approval of the Indian Government was received for subscribing
to 40% of the equity capital of Haycolour Ltd., i.e., Sri Lanka
currency Rs 24 lakhs (equivalent to Indian Rs 12.13 lakhs). The
Company was appointed the technical consultants of Haycolour
Ltd., for an initial period of 10 years.
- During March, 1,92,572 Rights equity shares were issued (Prem.
Rs 500; Prop. 1:5) (all were taken up). Another 9,567 shares
(Prem. Rs 500) were offered to employees' all were taken up.
1995 - The Company augmented the capacities for Azo pigments through the
modernisation of existing facilities and the installation of
state-of-the-art equipment for drying and handling of
- The Company diversified into a new business by producing and
marketing laminating adhesives for the packaging industry. The
Company incurred an aggregate capital expenditure of Rs 20.03
1996 - The range of auxiliary chemicals for the textile industry was
upgraded by the introduction of new high performance production
while some eco-friendly products were added to the range pigment
emulsions for the textile printing industry.
- Semi-automatic filling and packaging systems were installed at
various plants thus reducing manual work.
1997 - The domestic leather chemicals business was adversely affected
due to lower demand in the local market.
- It entered into a toll manufacturing agreement with DyStar India
effective from September.
1998 - With improve business of laminating adhesives, a separate
division cellulose ethers & polymerisates was set up in June.
- The company has recently commissioned its project for the
manufacture of Mowilith emulsions at its plant in Roha.
- While Hoechst Ag (on behalf of Clariant International) holds
around 50.1 per cent in ColourChem, the remaining is shared
between banks, financial institutions and investment companies
(22.8 per cent), mutual funds (1.5 per cent), FIIs (6.4 per
cent) and the public (19.2 per cent).
1999 - Colour-Chem is entering into a Rs 29-crore capital expenditure
for calendar 1999.
- The company successfully implemented a Voluntary Retirement
Scheme (VRS) during the quarter ended December 1998.
- The company had offered VRS for the first time in its 42-year
history to its employees in two instalements during the year
and 443 employees opted for the scheme leading to a 27 per cent
reduction in a manpower.
- Colour-Chem Ltd. has recently launched Movicoll, a wood adhesive
making its entry into consumer products.
- Colour-Chem is among the top companies in every sector to
operate in an has enjoyed technological support of Hoechst AG
and Bayer and AG from the beginning. It has also pioneered
production of pigments and diketene in India and was also one
of the first chemical company to obtain the ISO certification.
- The company is also in the process of shutting down its marketing
office in Khaitan Bhawan in Mumbai.
2000 - Colour Chem Ltd, a subsidiary of the Swiss chemicals giant Clariant International Ltd,
has ruled out the possibility of getting merged in India with its parent, even though
globally their merger had taken place.
-A Minority Share Holder of CCL lodged a complaint with Sebi in connection
with the avoidance of open offer by Switzerland based Clariant International.
-Sebi orders to make open offer to the share holder at Rs.320 per share with
this scrip price raised in the market.
-Clariant International appeal with SAT against SEBI's order for open offer.
-Securities Appellate Tribunal directs Clariant to pay interest to Chem investors.
-Color Chem and EBITO Chemiebeteikigungen AG, along with Clariant
International and Clariant AG, decide to make open offer to acquire
9.86lakh shares in Vanavil Dyes.
-Board elects Mr P Linder as the Chairman of the company.
-SBC Securities and Capital Markets (India) Private Limited (Managers to the Offer) have informed regarding the Public Announcement being issued by them regarding the Open Offer to acquire upto 23,30,000 fully paid equity shares (representing 20% the paid up equity share capital) of Rs.10 each of Colour-Chem Limited (CCL) at a price of Rs.318/- per share in cash by EBITO Chemiebeteiligungen AG ('the Acquirer' or 'EBITO') along with Clariant International ('CIL') and Clariant AG (Persons Acting Concert). The Revised Time Schedule for major activities for the Offer is as follows : 1) The specified date (for the purpose of determining the names of shareholders to whom the Letter of Offer would be sent) is April 29, 2005; 2) The offer opening date is June 08, 2005; 3) The Offer Closing Date is June 27, 2005.
-the name of Colour Chem Ltd. shall be changed to Clariant Chemicals (India) Limited and the trading symbol of the company be changed from COLORCHEM to CLNINDIA w.e.f. June 5, 2006