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Nilkamal Ltd. Company History and Annual Growth Details

YEAR EVENTS
1985 - The Company under the name of creamer plastic Pvt. Ltd. was incorporated on 5th December,
Which was converted into creamer plastic Ltd on 18th July, 1990.

- The Company is promoted by the Parekh Family of Nilkamal Group. The promoters are
Shri Vamanrai V. Parekh, Shri Sharad V. Parekh and Shri Hiten V. Parekh .

- Nilkamal Plastic Ltd is promoted to produce new models of material handling crates and
variety of moulded seating systems.

1990 - The Company's name was changed to Nilkamal Plastic Ltd on 23rd August.

- The Company entered into the Capital Market in the month of February, 1991 to issue
the Equity Shares of Rs.180 Lacs which has received excellent response and was
over-subscribed by about 5.23 times.

- The Company has made an allotment within 27 days to enable shareholders to get the
benefit of Section 88-A of Income Tax Act 1961.

1992 - The Company has installed capacitors which have resulted in getting better power factor
and saving in energy consumption.

1993 - According to the total Dividend payable on 30 lac Equity shares of Rs.10/- each and
on pro rata basis on 9 lac Equity shares of Rs.10/- each, is as under:

- On 30,00,000 No. of Equity Shares of Rs.10/- each @ 10% i.e. Re.1.00 per share: Rs.30,00,000.

- On 9,00,000 No. of Equity Shares of Rs.10/- each @ 10% on pro rata basis from 19.06.1992 to
31.03.1993 i.e. Re.0.784 per share: Rs.7,05,600.

- During the year, the Equity Share Capital of the Company was increased by a sum of
Rs.90 lac by issuing 9 lac Equity Shares of Rs.10/- each at par to the promoters of the
Company.

- The Company has installed capacitors which has resulted in getting better power factor
and saving in energy consumption.

2000 - The Company has added to its range with the launch of two single
seater sofas, Solo Cane and Solo Blossom.

2001 - The Company has launched `Chair 2051' and `Chair 2052'.

2003
- Mr. Arun R. Gandhi,Director of the Company has resigned from the Board of Directors of the Company.

-Shri Gopichand Keswani, Director of the Company has resigned from the Board of Directors of the Company.
- Appointed Shri Dadi B Engineer and Shri K R Ramamoorthy as the Directors of the Company in casual vacancy.

2004

-Shares delisted from Ahmedabad Stock Exchange

2006

-Nilkamal forms JV with German firm

-Company has changed its name from Nilkamal Plastics Ltd. to Nilkamal Ltd.

2007

-Nilkamal has signed Business Transfer Agreement (BTA) to acquire for a total consideration of Rs. 25 Crore, the Material Handling Business of 'Prince Containers Private Limited' (PCPL) and 'Prince Multiplast Private Limited (PMPL)

2008

-Nilkamal acquires Starshine Land Developers Private Limited

2009

-Nilkamal have recommended a Dividend of Rs.2/- per share

- Grabbed the award ÂBest retail Design & Visual MerchandisingÂ under the Home improvement category in 2009.

2010

-Nilkamal enters into Joint Venture Agreement with Cambro Manufacturing Company, USA

-Nilkamal has recommended a Dividend of Rs. 3/- (30%) per share

2011

-Nilkamal has won the prestigious Economic Times Indian Manufacturing Excellence - "Gold Award - Process Sector, Emerging Business"

-Nilkamal has Recommended a Dividend of Rs. 4/- (40 %) per share

2012

-Nilkamal has appointed Mr. S. K. Palekar as an Additional Director of the Company

-Nilkamal has recommended a Dividend of Rs. 4/- (40%) per share.

2013

-Nilkamal has recommended a Dividend of Rs. 4/- (40%) per share.

2014

-Nilkamal has recommended a Dividend of Rs. 4/- (40%) per share.

2015

-6 time winner of India Manufacturing Excellence Award (IMEA) from Frost and Sullivan with Economic Times

-Green Manufacturing Excellence Award (GMEA) from Frost and Sullivan in collaboration with Business Standard 2015.

-Winner of the National Energy Conservation Award (GOLD) by Ministry of Power (Govt of India) in 2014, 2015 and 2016

2016

-Grabbed the award ÂRetailer of The YearÂ under the Home Product and Office Improvements category in 2016.

2017

-National Award for Excellence in Energy Management from CII in 2016 and 2017.

2018

-Nilkamal Material Handling efficaciously participated in IndiaÂs biggest poultry event, Paschim Banga Poultry Mela 2018 organised in Kolkata during 15th & 17th feb. 2018.

-Nilkamal We received worthy response from various govt., semi-govt., and private agricultural & animal husbandry visitors.

2019

-Nilkamal got an order for plastic crates, opening up a new business line.

-2020

-Nilkamal Ltd on Thursday announced the launch of a special range of products, including quarantine and isolation beds, as part of its efforts to support growing healthcare infrastructure needs due to the coronavirus pandemic.

-Nilkamal has created a slice of life film. Through this, it is not only urging consumers to adhere to the government mandates but is also offering them a friendly solution on how to cope with the situation.

-Nilkamal, joined forces with Reliance Foundation to donate 2000 quick covid bed, 2000 bedside cabinets, mattress and pillows to the Sardar Patel COVID Care Centre at the Radha Soami Satsang Beas in the national capital.

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