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Swan Energy Ltd. Company History and Annual Growth Details

The Company was established in 1909.

The Jubilee Mills Ltd., was amalgamated with this Company on 1st July, 1975 and the scheme was approved by the High Court of Bombay on August, 1976.

The Coorla Spinning and Weaving Co. Ltd. was amalgamated with this, company on 1st April 1978 and the Scheme was approved by the High Court of Bombay.

The scheme of Amalgamation with Basanti Cotton Mills Ltd. as approved by the members of both companies was approved and sanctioned.

The products manufactured by the Company are polyester blended shirting, sarees, Cotton and blended Cambrics, etc. yarn Counts 10 to 100s, Polyester blended 45 to 80s.

The Mills are at Tokersey Jivraj Road, Sewri, Bombay-400 015 and old Agra Road, Kurla, Bombay - 400 070.

SML Holdings Limited is the wholly owned subsidiary.

2004

-The Ajay Piramal group has entered into an alliance with the promoters of Swan Mills to develop around 10 lakh sq ft spread over central and north Mumbai. Swan Mills, one of the city's old textile mills and promoted by the Merchant and Dave families, has been shut for the past few years.

2006
-Company has splits its Face value of Shares from Rs 100 to Rs 2

2008

-Company name has been changed from Swan Mills Ltd to Swan Energy Ltd.

2010

- Swan Mills - Board to consider Dividend @ 10% on Equity Shares (Rs. 0.20 per share) for the year ended March 31, 2010

- The Company appointed Mr. Rajkumar Sukhdevsinhji as an Additional Director at its meeting held on November 15, 2010.

2011

- Swan Mills - Outcome of Board Meeting - declare Dividend @ 10%

2013

-"Environment clearance for the development of project "Floating Storage and regassification Unit (FSRU)" based LNG import terminal near Pipavav, Gujarat".

-Development of the Project “Greenfield LNG Port Terminal with Floating Storage and regassification Unit (FSRU)" at Jafrabad, Gujarat".

-Split / Sub-Division of the Face Value of Equity Shares of the Company from Rs 2/- per share to Rs 1/- per share and consequential changes in the Memorandum & Articles of Association of the Company.

-Swan LNG becomes wholly owned subsidiary of Swan Energy

2014

-The Company has recommended the dividend of Rs 0.15 per Equity Share (15% on the face value of Rs.1/- per Equity Share).
-Swan Energy has splits its face value from Rs 2/- to 1/-

2016
-Swan Energy Ltd has signed a MOU with Petronasr and Alpha Energy Ltd.
-Swan Energy Ltd. has received approval from Gujarat Maritime Board (GMB) for commencement of construction of LNG terminal in Gujarat.

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