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Hindoostan Mills Ltd. Company History and Annual Growth Details

1903 - 250 No. of equity shares allotted as fully paid-up pursuant to a
contract without payment in cash.

1904 - The Company was incorporated. The Main object of the company is
to manufacture carbon dioxide (CO2) gas, liquid and solid dry ice
and soda water machines and spare parts.

1950 - In September 3,000 Bonus shares issued in the prop. 1:2.

1962 - In July 3,000 Bonus shares issued in the prop. 1:2.

1967 - In January 9,000 Bonus shares allotted in the prop. 1:1.

1984 - In spite of labour trouble in one of the units and other adverse
factors, the Company was able to make a profit. Profitability,
however, was low. The Company sold the property at Prabhadevi in
Mumbai, where its Freezite factory was situated, to Tanna
Builders Pvt. Ltd., at a price of Rs.71,000.

- Prudential Holdings Pvt. Ltd., Assured Investments Pvt. Ltd., and
Earnest Holdings Pvt, Ltd., became subsidiaries of the company
with effect from 27th July.

1985 - The Company proposed to enter into the manufacturing activities.
During the year, the Company undertook to supervise the
operations of the dyestuff unit of Nirmal Colorants and Chemicals
Manufacturing Company Ltd. (NCL), while a fixed rent would be
paid by the Company to NCL, the working results of the unit would
be incorporated in the Company's account.

1990 - The Company continued the business of leasing and deployment of
surplus funds for financing activities.

1992 - The Company constructed carbon-dioxide business and leasing and
deployment of surplus funds for financing activities.

1994 - The Company proposed to diversify the business activities to hire
purchase, finance, leasing investment, loan, housing,
construction and computer related business.

2001 - The Company approved the scheme of amalgamation of Eck Haubold and
Laxmi Ltd with the company.
Oct 24, 12:00 am
Oct 24, 4:14 pm
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