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Syncom Formulation (India) Ltd. Company History and Annual Growth Details

1988 - Syncom Formulation (India) Ltd. was established.

2005 - Company had allotted 2.65lakh fully paid-up equity shares of Rs 10 each at a premium of Rs 80 per share on the preferential basis.

2006 - Board of directors of the company had considered issue of 2.95 equity shares aggregating to Rs 1.59 crore on preferential basis.

- The comapny approved an Rs 7.1 crore plan to install two wind mills of 0.60 MW each at Sangli in Maharashtra.

2008 - Board of directors of the company had approved amendment in the Articles of Association for insertion of clauses relating to authorizing the board for issuance of warrants convertible into equity shares of the company.

- On 25th March 2008, board of directors of the company had transacted the allotment of 3.1 lakh equity shares of Rs 10 each by way of preferential allotment at a premium of Rs 36per equity share to Shri. Kedarmal Bankda, promoter of the company.

- On the same date board of directors of the company had transacted the allotment of 3.25 lakh warrants of Rs 46 each.

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