|The Company was incorporated on 3rd September, 1984 as a Private Limited Company and was subsequently convented into a Public Limited Company on 13th January, 1986.
It was promoted by NRI Investors Inc, Republic of Panama, wholly owned by Ramsinganis, the promoters of Rama Group of Companies.
The Company undertook to set up a project for the manufacture of 66,000 tpa of Single Super Phosphate (SSP) and 33000 tpa of Sulphuric Acid at Indore in Madhya Pradesh.
Production at the SSP Plant, commenced from 27th September 1987 and that of the Sulphuric acid plant from 23rd March, 1988.
The company entered into an agreement with M/s S S Engineering Consultants (India) Pvt Ltd, for technical know how inclusive of designs, details of engineering and site supervision etc.
-0ut come of AGM
Delisting of its share from Ahmedabad, Delhi, Madras, Madhya Pradesh and Kolkata Stock Exchanges.
Authority to the Board of Directors to give on lease the Indore Oil Division of the Company.
-Mr. A P Mohanty has been appointed as the Nominee Director of the Bank of India on the Board of the company
-Shri. K. Raghuraman has been appointed as the Special Director on the Board of the Company
-Mr. K. D. Ailani has been appointed as the Nominee Director of IDDI Bank Ltd on the Board of the company
-Mr. P. K. Srivastava has been appointed as the Nominee Director of Bank of India on the Board of the Company
-Rama Phosphates Fertilizer Unit at Pune has won an award for Best Performing SSP Industry in the country consecutively for second year in a row
- Rama Phosphates Ltd has recommended a final dividend of Rs. 0.50 per Equity share (5% on face value of Rs. 10/- shares).
-Registered Office of the Company has been shifted from the 812, Raheja Chambers, Nariman Point, Mumbai - 400 021, to 51/52, Free Press House, Nariman Point, Mumbai - 400021 which is within the local limits of Mumbai city.