1973 - The Company was incorporated as Private Limited company on
5th October. The Company was later converted into public limited
company 29th October 1988. The Company promoted by Shri
Saradchandra S. Kothari and his family members and is one of the
leading manufacturers of Reactive and Disperse Dyes in India.
The Company is the fourth largest manufacturer of dyes in India.
The Company also manufactures a number of Dye Intermediates.
- The Company has an R&D department and has agents and distributors
all over the world and the products are sold under the brand
name Reactofix and Terenex.
1989 - Effective 1st April, the Group companies viz. Jay Phthalocyanines
Pvt. Ltd., Jay Ethyl Organics Pvt. Ltd. and N.A. Chemicals Pvt.
Ltd., having their plants next to the company's plant at Turbhe &
manufacturing similar products as of the company were amalgamated
with the company.
1993 - The company has issued 8,209,960 Bonus Shares in the ratio of 517
No. of Equity Shares for every 50 Equity share held. Further
2,150,000 No. of Equity Shares of Rs.10/- each at a premium of
Rs.90/- per share were issued and allotted by private placement
to ICICI Ltd., UTI & TDICI Ltd.
1994 - The Company implemented the project at both the plants of the
company at a cost of Rs 23 crores which enhanced the dyeing
capacity from 3600 tpa to 4680 tpa.
- Plant and Machinery comprised rubberlined/titlelined/carbonlined
reactors, holding tanks, membrane systems were installed.
- 121,00,000 No. of equity shares issued to promoters and companies
belonging to promoters group (of these 16,90,000 shares issued
as per scheme of amalgamation) 3,000 Pref. shares issued to
erstwhile shareholders of Jay Phthalocyanines Pvt. Ltd., Jay
Ethyl Organics Pvt. Ltd. as their amalgamation with the company.
- In order to get Equity Shares of the Company listed on Stock
Exchanges, an Offer for Sale of 3,075,000 No. of Equity Shares of
Rs.10/- each of the Company at a price of Rs.135/- per Share
aggregating Rs.415,125,000/- was made by the Promoters, Financial
Institutions and a Finance Company to the Resident Indian Public
vide Offer Document dated 22nd April.
- During the year under review Jay Pesticides Ltd., Jaysynth
Polychem Ltd. and Jaysynth Finance Ltd. have become subsidiaries
of the Company.
1995 - The Company issued 8,00,000-17.5% secured non-convertible
debentures of Rs 100 each on private placement basis to UTI.
These were to be redeemed in three equal instalments on the
expiry of 6th, 7th & 8th year from the date of allotment of
- The Company issued 11,50,000 No. of equity shares of Rs 10 each
at a premium of Rs 150 per share to ICICI on exercising the right
of part conversion of loans.
1996 - The Company issued 13,73,000 zero interest secured
non-convertible debentures of Rs 120 each to ICICI on private
placement basis. Also, the Company issued 11,00,000 NCDs to UTI
(4,00,000 debs.) LIC (2,00,000 debs) LIC Mutual Fund (2,00,000
debs.) and Bank of Baroda (3,00,000 debs.).
- During the year under review 800,000 17.5% Secured
Non-convertible Debentures of Rs.100/- each aggregating Rs. 80
Million were issued and allotted by Private Placement to Unit
Trust of India.
- During the year under review 1,150,000 Equity Shares of Rs.10/-
each at a premium of Rs.150/- per share were issued and allotted
to The Industrial Credit & Investment Corporation of India
Ltd.(ICICI), on ICICI exercising right of part conversion of
Rs. 184 Million out of its Term Loan of Rs. 260 Million.
1999 - During the year under review, 300,000 14% Secured Non-Convertible
Debenture of Rs.100/- each (Series II), 300,000 18.5% Secured
Non-Convertible Debenture of Rs.100/- each (Series III), and
800,000 17.5% Secured Non-Convertible Debenture of Rs.100/- each
(Series IV), 300,000 19% Secured Non-Convertible Debenture of
Rs.100/- each (Series VI) were all prematurely redeemed.
2000 - The Company has entered into an agreement with NSDL and CDSL.
2001 - Jaysynth Dyechem Ltd has informed BSE that due to Labour problems, the Company has declared lock-out at its Factory situated at Plot No.A-4/2, MIDC Industrial Area, Patelganga, Dist. Raigad.
2003 - Changed the name of the Company from Jaysynth Dyechem Ltd. to JD Orgochem Ltd. 2) Re-appointment of Shri S. S. Kothari as a Managing Director for a period of two years. 3) Re-appointment of Shri S. K. Kothari as a Whole time Director for a period of two years.
-Jaysynth Dyechem Ltd has informed that the office of the Registrar of Companies, Maharashtra, Mumbai have registered the change of Name of the Company u/s. 21 of the Companies Act, 1956 and have issued a fresh Certificate of Incorporation dated December 19, 2003 consequent on Change of Name of the Company from JAYSYNTH DYECHEM LTD. to JD ORGOCHEM LTD.