Home  »  Company  »  SIL Investments Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

SIL Investments Ltd. Company History and Annual Growth Details

YEAR EVENTS
1934 - The Company was Incorporated at Delhi. The Company engaged in
the manufacture of cotton textile goods. The products
manufactured are longcloth, twills, mulmuls, sarees, sushies,
towels, drills, shirtings, bed-sheets, tapestry cloth, etc.
Counts ranging from 14s to 40s are spun and the cloth width
ranges from 27' to 68'.

1968 - 9,00,000 Bonus Equity shares issued in the prop. 6:1.

1973 - 5,25,000 bonus equity shares issued in the prop. 1:2.

1980 - 7,87,500 bonus equity shares issued in the prop. 1:2.

1986 - The Company installed the balance of 8,500 spindles at
Bhawanimandi. Also steps were taken to modernise both its units
at Bhawanimandi and Kathua under the Textile Modernisation Fund
Scheme with the financial assistance from financial institutions.

- RTM Investment and Trading Co., Ltd. and SCM Investment and
Trading Co., Ltd., became subsidiaries of the Company.

1987 - To broadbase and increase its activities, the Company entered
into an arrangement with Texmaco Ltd., for working its Birla
textile mills unit at Delhi and four ginning factories, in
partnership with Upper Ganges Sugar and Industries, Ltd. and
Gobind Sugar Mills, Ltd. for a period of 5 years from 1st July.

1988 - At Bhawanimandi unit, the workers went on strike from 16th May,
and efforts were on to settle the issue. The striking workmen
accepted the revised workload norms and the unions entered into a
conciliation settlement to this effect with the management.

1989 - To supplement its power requirement, the Company proposed to
install an additional DY set of 380 KVA capacity at Chenab
textile mills.

- 4200 spindles were added to the Kathua unit.

- The Company undertook substantial modernisation at both
Bhawanimandi and Kathua units.

- The Company issued 3,00,000-14% secured redeemable
non-convertible debentures of Rs 100 each on private placement
basis with UTI (1,50,000 debentures) and LIC (1,50,000
debentures).

- These debentures are redeemable in three equal instalments of Rs
50 lakhs each at the expiry of 6th, 7th and 8th year respectively
from the date of allotment at a premium of Rs 5 per debenture.

1991 - The Company issued 2,00,000-14% secured redeemable
non-convertible debentures of Rs 100 each on private placement
basis with Army Group Insurance Fund.

- These debentures are redeemable in three equal instalments at the
expiry of 6th, 7th and 8th year respectively from the date of
allotment at a premium of 5% per debenture.

- 11,81,250 Bonus equity shares issued in the prop. 1:2.

1992 - Spindle capacity at Kathua Unit was increased.

1994 - The Company proposed to undertake a modernisation cum expansion
cum balancing scheme for the company's units at Bhawanimandi &
Kathua.

- The working arrangement with Texmaco, Ltd. for operating their
unit known as Chenab Textile Mills, Kathua was renewed for a
further period of 2 years upto 31st January.

1995 - The company has undertaken an expansion scheme for 6,048 spindles
in respect of the unit at Kathua.

- The Company was exploring the possibility of setting up a Denim
Fabrics project as a part of its diversification programme.

- The Company issued by way of private placement 2,00,000-18%
non-Convertible secured redeemable debentures of Rs 100 each
aggregating to Rs 200 lakhs to Army Group Insurance Fund to meet
the long term working capital requirement.

1996 - The Company proposed to undertake modernisation cum technological
upgradation scheme for both its units to further strengthen its
competitiveness in domestic and international markets.

- The Company entered into a scheme of arrangment with Texmaco
Ltd. whereby Chenab Textile Mills stand transferred to the
company as a going concern with effect from 31st March 1997 in
exchange of transfer of 3,50,000 fully paid up equity shares of
Rs 10 each held by the company in Zuari Agro Chemicals Ltd. to
Texmaco Ltd. subject to the approval by the concerned
authorities.

1997 - During April/May, the company offered 35,43,750-18% unsecured
fully convertible debentures of Rs 100 each on right basis to the
existing shareholders in the ratio of 1:1. All were accepted.

- Part 'A' of Rs 40 was converted into one equity share of Rs 10
each at a premium of Rs 30 per share on allotment. Part 'B' of
Rs 60 was converted into one equity share of Rs 10 each at a
premium of Rs 50 per share on 1st October 1998.


2004

-Delists shares from Delhi Stock Exchange

-Sutlej Industries Ltd has informed that Rajasthan Chamber of Commerce & Industry has awarded the company with 'RCCI Excellence Award for Best Annual Report-2003' under the category Business & Qualitative Aspects based upon the Company's overall performance, disclosure and Government practices

2006

-Sutlej Industries Ltd on July 24, 2006, has appointed Shri C S Nopany as Non-executive Chairman of the Company.

-Sutlej forges alliance with global retail brands.

2007

-Company name has been changed from Sutlej Industries Ltd to SIL Investments Ltd.

2009

- SIL Investments Ltd has informed that Shri. Shiv Shanker Maheshwari has been appointed as an Additional Director of the Company with effect from July 24, 2009.

2010

- SIL Investments Ltd has appointed Mrs. Shalini Nopany as Managing Director of the Company with effect from January 25, 2010.
 
Subscribe now to get personal finance updates in your inbox!