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Shree Ajit Pulp & Paper Ltd. Company History and Annual Growth Details

1995 - Shree Ajit Pulp & Paper Ltd. was incorporated as private limited paper-craft company on 23rd March 1995 as M/S Ajit Pulp & Paper Ltd.

- Converted into Public Limited Co. on 13th November 1995 and name was changed to Shree Ajit Pulp & Paper Ltd.

1996 - The Company came out with the public issue of equity shares worth Rs. 315 Lacs in the month of October 1996.

2007 - The board of the company had approved the resignation of Suresh C Shah and he ceased to be a director of the company with effect from 24th March, 2007.

- Mr. Jayantilal M Shah had also resigned and ceased to be director of the company with effect from 24th March, 2007.

2008 - Members of the extra ordinary general meeting had authorized board of the company to borrow any sum of money including non fund based facilities from time to time at their discretion, upto a sum of Rs 40 crores over and above the aggregate of the then paid up capital of the company and its free reserves.

- They also authorized board to arrange or fix the terms and conditions of all such monies to be borrowed from time to time and to mortgage or charge all or any of the movable or immovable properties of the company.

2009

-The Company has recommended dividend of Rs 0.25 per paid up Equity Share of Rs 10/- each
-The Company has appointed Mr. Hemant M Shah as Additional Director (independent Director) of the Company

2010

-Mr. G. P. Gupta has been appointed as Technical Director of the Company with effect from January 01, 2010
-The Company have recommended Dividend of Re. 0.25 per paid up equity Share for the current accounting year ended on March 31, 2010

2011

-The Company have recommended Dividend of Re. 0.25 per paid up equity Share for the current accounting year ended on March 31, 2010

2012

-The Company have recommended dividend of Rs. 0.25 per paid up Equity Share of Rs. 10/- each

2013

-The Company have recommended dividend of Rs. 0.50 (Previous Financial Year Rs. 0.25) per paid up Equity Share of Rs. 10/- each

2014

-The Copmpany have recommended dividend of Rs. 0.50 (Previous Financial Year Rs. 0.50) per paid up Equity Share of Rs. 10/- each

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