YEAR EVENTS 1974 - The Company was incorporated on 24th December, at Calcutta. The original promoters of the Company were Satyanarayan Kedia and Sitaram Kedia of Ajanta Paper & General Products Pvt. Ltd. The Company manufacture writing and printing paper, kraft paper and packing paper. 1976 - Vishwanath Kedia of Nitin Castings Ltd., and Bajranglal Dalmia of M/s. Prahladrai Dalmia & Sons joined as co-promoters. 1977 - In December, the interest of Kedias of Ajanta Paper & General Products Pvt. Ltd., in the Company was completely taken over by the Kedias of Nitin Castings Ltd., and Dalmias of M/s. Prahladrai Dalmia & Sons who then became the present promoters of the Company. - The company was licensed to manufacture 13,200 tonnes per annum of writing and printing paper, kraft paper and packing paper. 1979 - 100 shares subscribed for by the signatories to the Memorandum of Association and 4,99,900 shares taken up by promoters, etc. 7,50,000 shares offered for public subscription during February-March. 1981 - Rs 50 lakhs of promoters unsecured loans were converted into equity capital. 1988 - The Company came under the provisions of the Sick Industrial Companies (Sp. Provisions) Act, 1985 and as per the requirement a reference to the Board for Industrial and Financial Reconstruction was made. 1993 - The overall performance of the Company was affected by the prolonged strike by the workers. 1997 - The Company undertook a four crore modernisation plan phased over a period of two years with a view to cost reduction and quality improvement. 1998 - The Company launched a four crore modernization cum expansion plan with a view to achieve the dual impact of cost reduction and quality improvement. 2003 -The board has approved the allotment of 250000 equity shares of Rs 10 to Sudhir Goenka A/C C P Enterprises at a price of Rs 10 per share on preferential allotment basis. 2007 - The Company has recommended a dividend of 12% (Rs 1.20 per share of Rs 10/- each) for 2006-07. 2008 - The Board has recommended a dividend of 10% (Re 1.00 per share of Rs 10/- each) for 2007-08. 2016 -Ellora Paper Mills Ltd. shifted its Registered office from Kolkata to Ahmedabad.The new address is A-307, 3rd Floor, Titanium City Center, Nr. Sachin Tower, 100 ft. Road, Satellite, Ahmedabad, Gujarat- 380015. |
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