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Makers Laboratories Ltd. Company History and Annual Growth Details

1984 - The Company was Incorporated on 21st July, in the state of
Maharashtra and obtained the Certificate of Commencement of
Business. The Company was promoted by Satish Kumar Gupta and
Naval Tated. The Company's object is to manufacture of
pharmaceutical formulations and drug intermediaries.

1985 - 70 No. of equity shares subscribed for by the signatories to the
Memorandum of Association. 2,99,930 shares then issued at par of
which 1,19,930 shares reserved and allotted to the promoters,
directors and their friends etc. Remaining 1,80,000 shares
issued for public subscription during August 1985. Additional
75,000 shares were allotted to retain oversubscription.

1986 - 3,75,000 No. of equity shares issued at par on rights basis in
prop. 1:1.

1989 - Though sales and other income improved to Rs.104.72 lakhs when
compared to the previous period, margins continued to remain
under pressure due to escalating marketing cost, initial
launching expenses of the products and under utilisation of

- 5,00,000 No. of equity shares issued at par on rights basis in
prop. 2:3.

1993 - Makers Drugs & Food Products Ltd. (MDFP) was amalgamated with
the Company with effect from 1st April. As per terms of the
scheme of amalgamation, the Company allotted 3,02,700 No. of
equity shares of the company fully paid, to the members of
MDFPL in the ratio of 2 equity shares for every 1 equity share
held by them in MDFPL.


-Makers Laboratories Ltd has informed that Mrs Purnima Jain has been appointed as an Additional Director of the Company and designated as the Whole-time Director w.e.f. October 30, 2006.
Oct 24, 3:53 pm
Oct 24, 3:54 pm
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