1976 - The company was incorporated on 7th October at New Delhi. The
company was promoted by Ashok Jaipuria and is engaged in
manufacture of Biaxially Oriented Polypropylene (BOPP) film for
packaging and electronic applications.
- The Company undertook to manufacture biaxially oriented
polypropylene film both coated and uncoated. The film was to be
manufactured in the thickness range of 10 to 15 microns and was
intended to cater mainly to the packaging industry.
1980 - Allotted 2,60,000 shares to promoters, etc., 99,000 shares to
SICOM and 1,00,000 shares to Ashok Jaipuria. 4,41,000 shares
offered at par for public subscription during July.
1984 - The operations registered a satisfactory growth. Production and
sales increased to 512 tonnes and 499 tonnes respectively.
1985 - The research and development wing of the Company developed a new
product, pearlined film, which is used for attractive packaging.
- Forfeiture on 1,700 No. of equity shares annulled.
1986 - Subject to necessary approvals being obtained, the Company
proposed to offer 11,93,800-15% secured convertible debentures of
Rs. 120 each on Rights basis in the proportion 1 deb.: 2 equity
- Simultaneously another 59,690-15% debentures of Rs. 120 each and
2,38,760 debentures of Rs. 120 each were to be offered on
preferential basis to employees of the Company and to the
shareholders of the promoter companies.
- Rs. 20 of the face value of each debenture was to be
automatically and compuslorily converted into 2 equity shares of
Rs. 10 each at the expiry of 6 months from the date of allotment
- Remaining Rs. 100 of the face value of each debenture was to be
converted into fully paid equity shares of the Company anytime
between 3 and 4 years at a price to be decided by the Board, at a
price not exceeding 45% of the average market price prevailing
during the period of 6 months preceding the date of conversion or
at Rs. 100 whichever is lower.
- For those not opting for conversion, debentures would be redeemed
in three yearly equal instalments payable at the end of 6th, 7th
and 8th year from the date of allotment of debentures.
1987 - 14,17,500 shares issued (prem. Rs. 30 per share); 9,00,000 shares
Authorised Capital reclassified. (Rs. 30 per share); 9,00,000
shares as right in prop. 1:1 (all were taken up); 4,50,000 shares
to the public in Dec. (all were taken up) and 67,500 shares to
employees (only 2,600 shares taken up and the balance 64,900
shares were allowed to lapse). Additional 1,35,000 shares
allotted to retain oversubscription (90,000 shares as rights and
45,000 shares to the public).
1988 - Despite the favourable results, margins were adversely affected
on account of increased raw material costs, heavy burden of
interest and depreciation in respect of plant II and declining
realisation. The Company received overseas enquiries for sale of
know-how for production of BOPP film and negotiation pertaining
to the enquiries were in progress.
- The Company received a letter of intent to expand the capacity by
an additional 2,000 tonnes per annum of packaging grade film in
collaboration with General Electric, U.S.A.
- The Company promoted Cosmo Electrofil Ltd., for implementing a
800 tpa capacity grade film project.
1989 - The Company also took up implementation of the 800 tonnes per
annum capacitor film project which went on stream.
1990 - Increase in the cost of raw material, higher interest charges and
steep levy in margin money on imports adversely affected the
- Authorised capital increased by issue of unclassified shares.
1991 - The company developed a very specialised BOPP film under the
brand name CMP-111 that has all the advantages and feel of paper.
-Change of address: Alankit Assignments Ltd, 205-208, Anarkali complex, Jhandewalan Extn, New Delhi - 110 055. Tel : 3610220-24, 3513512-16 Fax : 3552001.
-Appoints valuer to determine SWAP ratio of 1:2 and approves for the merger of Gujarat Propack Ltd with the company
-Promoters of the company increase their stake by 8.49% by acquiring 7.02 lakh shares at the rate of Rs.34.55 per share.
-Holds 93.5% stake in Gujarat Propack Ltd and undertakes comprehensive restructuring which includes cost reduction and man power rationalisation.
-Holds 55% share in biaxially oriented polypropylene (BOPP) domestic flexible packaging market.
-Board approves for the expansion of additional production facilities of 14000 TPA at the cost of Rs. 500 million.
-Board approves for the Bonus issue in the ratio of one equity share for every equity share held.
-Invests Rs.50cr to expand the capacity of its Aurangabad (Maharashtra) facility from 46000 tons to 60000 tons.
-Members approve for the delisting of the company's share from Delhi stock exchange and Ahmedabad stock exchange.
-The securities of the company has been de-listed from The Delhi Stock Exchange and The Stock Exchange, Ahmedabad.
-Cosmo Films Ltd has has appointed Mr R Vasudevan as additional director of the Company w.e.f. October 26, 2006.
-Cosmo Films Ltd has appointed Mr. Parvinder S Arora as Company Secretary w.e.f. July 04, 2008.
- Cosmo Films Ltd has informed that the Board of Directors of the Company has co-opted Mr. H. N. Sinor, as Additional Director in the category of Non Executive and Independent Director w.e.f. March 02, 2009 by way of resolution by circulation.
- Cosmo Films Ltd has appointed Mr. Suresh Rajpal as a Director in the Casual Vacancy in the category of Non-Executive and Independent Director w.e.f. May 28, 2010.