1994 - The Company was incorporated on 17th October, as a public limited
company with the Registrar of Companies, Andhra Pradesh at
Hyderabad. It was promoted by Jagapati Rao of Srinivasa
Hatcheries group of companies for carrying on the business of
Shipping, Real Estate Promotion and Development and Construction
of buildings, commercial/residential complexes, plots, farm
houses, etc. The Certificate for Commencement of business was
obtained on 4th November.
- The main object of the company is Operation of ships and real
- The company entered into an agreement for purchase of
property at T-Nagar to construct a commercial complex with an
area of 24,000 sq. ft.
- 9,92,700 No. of equity shares allotted to promoters, directors
etc. 20,07,300 No. of equity shares of Rs. 10 each were issued
at par in May 1995 of which 12,57,300 shares were allotted on a
firm basis to promoters, directors, their friends and relative.
Balance 7,50,000 shares issued to the public.
1995 - The company undertook to real estate business. With this in
view, land admeasuring 1,10,998 sq. ft. was taken at Kodambakkam
high road for developing a nine storeyed commercial complex for
housing office complex with a shopping centre. The project known
as capital Towers is to be built by Sri Satya Sai Construction.
- During the year a wind power project of 1.8 MW capacity was
Srinivasa Shipping & Property Development Ltd has informed that the shares have been delisted from the Madras Stock Exchange wef April 2, 2004.
The company has issued rights in the ratio of 2:1 at a premium of Rs 8 per share.
-Srinivasa Shipping & Property Development Ltd has informed that pursuant to the fresh certificate of incorporation issued by the Registrar of Companies, Andhra Pradesh, the name of the Company has been changed from 'Srinivasa Shipping And Property Development Ltd' to 'SSPDL Ltd' w.e.f. May 07, 2008.
- SSPDL Ltd has appointed Sri. Annam Dilip Kumar anAdditional Director of the Company at the meeting of the Board of Directors held on March 26, 2009.
- SSPDL Ltd has informed that Sri. B. Lokanath have been appointed as an Additional Director of the Company in the capacity as independent and Non-Executive Director w.e.f. March 31, 2010.