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Sky Industries Ltd. Company History and Annual Growth Details

Sky Industries Limited was incorporated on 18th July, 1989 as Fine Velvets and Plastofabs Private Limited with Registrar of Companies, Maharashtra. It was subsequently converted into a Public Limited Company on 17th March, 1993 by passing special resolution in the Extra Ordinary General Meeting held on 26th December, 1992. The Company since its incorporation was analysing the market for setting up the project and as such was not involved in any commercial operations till 1993.

The change in the main activity of the Company to manufacture tape fasteners necessitated a change in name commensurate with the object to be pursued by the company. Accordingly the name of the company was changed to Sky Industries Limited by passing special resolution in the Extra Ordinary General Meeting held on 10th May, 1993 and a fresh incorporation Certificate consequent on change of name was obtained pursuant to Section 23 of the Companies Act, 1956 from the Registrar of Companies, Maharashtra on 20th May, 1993.

2006

-The Company entered into an agreement with a Taiwan based Company, who are the market leaders in their product, to form a joint venture (JV) for manufacturing & marketing "Ribbons - for Label Printing", in India.

-The Company recommended 15% Dividend.

2007

-Sky Industries signs agreement with Dyno LLC, USA.

-Sky Industries Ltd has appointed Mr. Vijay Choraria as a Additional Director of the Company.

2008

-The Company designated email ID for investor grievance et is "maikal@vashi.skgroup.com".

2009

-The Company appointed Mr. Shailesh Shah as Managing director of the company.

2010

-The Company has recommended a dividend of Rs. 0.5 per share.

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