Gloster Ltd. Company History and Annual Growth Details

Gloster Limited (Formerly: Gloster Jute Mills Limited) was promoted mainly for the
purpose of taking over the entire assets and liabilities of Jute Division of Fort Gloster
Industries Ltd. (FGIL) and to carry on the affairs of the Jute Division of FGIL as a going
concern pursuant to a scheme of arrangement approved by the Hon’ble High Court at
Calcutta vide its Order dated 31st May, 1993 which came into force on 2nd August,
1993. As per this Scheme all the assets and liabilities of the erstwhile Jute Division of
FGIL were transferred to and vested with Gloster Limited, with effect from 1st April, 1992. 

The name of the Company was subsequently changed to Gloster Limited on 20th October, 2010
vide a fresh certificate of incorporation from Registrar of Companies. The Corporate
Identification Number is L17119WB1992PLC054454 

Major Events 

1991-92 

-Incorporation of the Company under the Companies Act, 1956 

1993-94 

-Issue of shares to the shareholders of Fort Gloster Industries Limited,
pursuant to the scheme of arrangement approved by the Hon’ble High Court
at Kolkata 

1994-95 

-Issue of Right Shares of Rs. 10/- each at a premium of Rs. 40/- 

2002-03 

-Issue of Bonus Shares in the ratio of 1:1 

2008-09 

-Issue of Bonus Shares in the ratio of 1:1 

2008-09 

-Permission from BSE Limited for trading under “B” Group w.e.f 6th May,
2008 

2010-11 

-Change of name from Gloster Jute Mills Limited to Gloster Limited 

2013-14 

Issue of Bonus shares in the ratio of 1:1