|The Company was incorporated initially as a Private Limited Company in 1980. The Company's conversion into a Public Limited Company was effected in 1987. In 1989, IFCI and ICICI took up an Equity stake of 3.90 lac Shares of the Company. In March 1990, Rs.5 lacs of Equity Capital of the Company were also allotted to RCTC for cash. In November
1993, the Company made a Public Issue of 15.41 lac Shares of Rs.10/- each at a premium of Rs.5/- per Share. Initially the Company's Shares were listed on the Hyderabad (Regional), Bombay and Ahmedabad Stock Exchanges. Subsequently, at the request of the Company, the listing on
the Ahmedabad Stock Exchange was discontinued from March 16, 1994 as the Shares of the Company were not traded regularly on the Exchange.
2000 - The company has entered into agreement with NSDL and CDSL for
dematerialisation of its securities.
2002-Premier Explosives Ltd has informed BSE that they have entered into a Joint Venture with one of the countries in Middle East for manufacture of explosives and accessories.
- Premier Explosives Ltd has informed about the following persons were appointed as additional directors in the Board Meeting held on April 27, 2009
Mr. K Rama Rao, an Aeronautical Engineer and Ex. Associate Director of DRDL as independent director.<BR><BR>2. Dr. A Venkata Ramana, as independent director.<BR><BR>3. Dr. N V Srinivasa Rao, Present President (Production) of the Company, designated as Director (Production) as whole time director.