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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

 
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