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Nath Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1980 - The company was incorporated on 8th July, at Mumbai as a private
limited company. It was converted into a public limited company
on 19th October 1983. The main object of the company is to
manufacture industrial papers such as M.G. Kraft, crepe Kraft
paper, poster paper, blue match paper etc. The company was
promoted by Ashok J. Ramsinghni, Vishnu J. Ramshinghani and
associates.

1983 - 13,10,000 No. of equity shares taken up by promoters, etc.
Including 13,09,800 shares by Vald International Inc. USA.
5,40,000 shares offered at par to the public in March 1984 of
which 27,000 shares to employees etc. and 10,800 shares to
business associates of the company were reserved for allotment.

1984 - The Company developed new value added products such as low
grammage kraft paper, crepe kraft paper, coated abrasive packing
paper and high burst strength sack kraft paper. Some trial runs
were undertaken.

1985 - During the year, the Company commenced production of high burst
strength sack kraft paper utilised in the manufacture of
multiwall paper sacks and HDPE Woven sacks for packing cement,
fertiliser etc.

1986 - The Company undertook a expansion-cum-modernisation programme to
increase the existing capacity by 2,000 tonnes to 12,000 tonnes.

1990 - The Company's licensed capacity was revised upwards from 10,000
tonnes to 15,000 tonnes per annum. The Company also registered
with Ministry of Industry for the manufacture of 10,000 tonnes
per annum of speciality papers thereby increasing the total
licensed capacity from 10,000 tonnes to 25,000 tonnes per annum.

1991 - Performance improved through effective cost control and
improvement in net realisation of the company's products.

1992 - During the year, the company undertook to manufacture lower GSM
plain and ribbed kraft paper by putting into operation, the
second machine in March 1993.

- The Company undertook to increase the installed capacity of M/C-I
for manufacture of kraft paper from 13,200 TPA to 21,000 TPA.
Also, undertook to increase the effective installed capacity of
M/C-II for manufacture of low GSM kraft and poster paper from
4,950 TPA to 8,400 TPA. In addition, necessary steps were taken
to improve the product-mix for higher value added items at lower
cost to ensure fuel and energy efficiency at all levels of
production.

- The Company proposed to issue 18,50,000 No. of equity shares of
Rs. 10 each at a premium of Rs. 20 per share on rights basis in
the proportion of 1:1.

- Another 92,500 No. of equity shares of Rs. 10 each at a premium
of Rs. 20 per share were to be offered to the employees of the
Company on an equitable basis.

- On 24th September, Nath Pulp & Paper Mills Ltd., along with its
associate companies tookover the management control of the
Company through acquisition of the Company's equity shares
aggregating 51.41% of the existing paid-up capital.

1993 - The Company was reported to have performed considerably well.
Value added papers like power GSM plain & ribbed kraft, posters,
sack kraft and pink manila were produced on machine II and were
well received in the market.

- Between September 27th, and 6th November, Nath Pulp & Paper Mills
Ltd., along with its group companies offered to buy shares of the
company from its shareholders to the extent of 5,16,500 shares of
Rs. 10 each representing about 27.92% of the present voting
capital of the Company.

- 4,00,00 shares issued.

1994 - During March, the Company issued 31,50,000 No. of equity shares
of Rs. 10 each at a premium of Rs. 70 per share on preferential
allotment basis to the promoters.

2007
-Company has recommended a final dividend of 10%.

2011

-Rama Pulp & Papers Ltd recommended dividend @ Rs. 0.50, i.e. 5% per equity share.

2019
-Company name changed to Nath Industries Ltd. from Rama Pulp & Papers Ltd..

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