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Sadhana Nitro Chem Ltd. Company History and Annual Growth Details

YEAR EVENTS
1973 - The Company was incorporated on 21st July, at Mumbai. The
Company was promoted by Indo-Berolina Industries Pvt. Ltd. (IBI)
Mumbai, Shri D.T. Javeri, Shri M.I. Shah and Shri A.T. Shah.

- The main object of the Company is to manufacture nitrobenzene.

1974 - 670 No. of equity shares allotted to the subscribers to the
Memorandum of Association and directors. 1,29,330 No. of equity
shares allotted to the directors, etc. In March, 5,000 Pref. and
1,95,000 No. of equity shares offered to the public. Pref.
shares redeemable during 16th May 1986/89.

1978 - 81,250 Right Equity shares issued at par in prop. 1:4 during
1975-76. Arrears: Rs 13,250.

1983 - Production suffered due to labour unrest and strike for nearly 2
months. The working for the year resulted in a loss.

1987 - 1,62,500 bonus equity shares issued in prop. 2:5. Preference
shares were redeemed on 30th June 1988.

1988 - Turnover declined due to labour unrest for 4 months.

1990 - Turnover declined due to Gulf crisis, recessionary trend in
demand coupled with competitive market conditions and loss on
account of a fire accident.

1991 - The Company expanded its product range with the commencement of
production of new items of dye intermediate.

- The company proposed to set up a plant for the manufacture of
Meta amino phenol with foreign collaboration.

2002-Sadhana Nitro Chem Ltd has informed BSE that their Chairman Mr Dhankumar T. Javeri passed away on June 27, 2002.

2008

-The company has issued rights in the ratio of 7:2 at a premium of Rs 0/- Per Share.
 
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