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Valson Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1983 - Valson Synthetics Ltd was incorporated on 2nd June, as a private limited Company and
was converted into public limited Company on 27th September, 1994 consequent to which
Certificate of change of name was obtained from the Registrar of Companies, Maharashtra
at Mumbai on 7th November, 1994.

- The Company has received registration for Texturising, Twisting, and Conning of Yarn from
the Secretariat for Industrial Approval, Department of Industrial Development, Ministry of Industry,
Government of India under Reference No. 4333/SIA/IMO/93 dated 27th December, for Silvassa
unit and the Company has also received licence from Directorate of Industries., Government
of Gujarat no. 24(246)14A dated 5th April, 1989 for dyeing facility at Vapi unit.

- The Company today has a wide range of polyester dyed yarn with strong market acceptance
and a niche position for new shades and grades. The Valson products are marketed under
the brand name of VALSON, which includes a wide range of exclusive shades introduced in
the market by the Company on a continuous basis.

- The Company has a strong research team for development of new shades in its own
well equipped laboratory.

1994 - The Company has set up the texturising plant which went on stream in November.

1995 - The Company has well equipped laboratory for development of innovative shades at
Andheri, where new shades are constantly developed and introduced in the market for
commercial acceptance.

- The Company has in-house facility to develop desired shade in few hours which enables
it to make timely delivery of quality products at the 11th hour.

- The Company is perhaps the only company in the country which has got matching capacity
for Dyeing backed up with Texturising and Twisting.

- The Company has successfully managed its maiden Public Issue of Rs. 231 lakhs
consisting of 7,70,000 No. of Equity Shares of Rs. 10/- each at a premium of Rs. 20/- per
share and the same was oversubscribed nearly 1.23 times.

- The Company has made allotment of 4,00,000 No. of Equity Shares to the Promoters and
7,80,400 No. of Equity Shares to the Public on 29th May, as per basis of allotment finalised
in consultation with The Stock Exchange, Bombay.

- During the year of review, the Company carried out in house R & D Programme in the nature of
development of innovative shades at Andheri, where new shades are constantly developed
and introduced in the market for commercial acceptance.

1996 - The yarn texturising capacity at Silvassa has been already increased to 3000 tpa from 1200 tpa.

1997 - The company has been able to generate a healthy cash flow all throughout the year mainly
due to strong Brand Equity 'VALSON' and sound working capital management.

- During the year of review, the Company carried out in-house R & D Programme in the nature
of development of innovative shades at Andheri, where new shades are constantly developed
and introduced in the market for commercial acceptance.

1998 - The Company has during the second half of FY 97-98 expanded its Yarn Dyeing Capacity to
3000 tpa from 1200 tpa.

- The company's R&D has also developed several new shades in cotton yarn.

- Shri Harshad C. Shah and Shri Berjis Desai, Directors, retire at the forthcoming Annual
General Meeting and being eligible offers themselves for re-appointment.

1999 - The Company has acquired all the necessary equipment's for quality Cotton Yarn Dyeing
which were successfully commissioned during April.

- The Company has allotted 8000 14.5% Redeemable Cumulative Preference Shares of
Rs. 1000/- each to the promoters and friends on 1st April.

- The Company has acquired all the necessary equipment's for quality Cotton Yarn Dyeing
which were successfully commissioned during April, 99.

- The company has allotted 8000 14.5 % Redeemable Cumulative Preference Shares of
Rs. 1000/- each to the promoters and friends on 1st April 1999.

- Shri Kamlesh T. Mody and Shri Ramkumar Sharma, Directors, retire at the forthcoming
Annual General Meeting and being eligible to offers themselves for re-appointment.

2000

-The company has allotted 5000 14.5% Redeemable Cumulative Preference Shares of Rs 1000/- each to the Promoters, Directors and Associates to part finance the ongoing normal capital expenditure.

-The company has also allotted 2000 14.5% Redeemable Cumulative Preference Shares of Rs. 1000/- each to the promoters and friends on 15th February.

-The Company has acquired all the necessary equipment's for quality Cotton Yarn Dyeing which were successfully commissioned during April'99.

2003

-Valson Industries has recommended a final equity Dividend of Rs 2.50 per share

2007

-Valson Industries has designated E-mail ID for Investor Complaints: [email protected]

2009

-Valson Industries has given the Bonus in the Ratio of 1:1

2011

-Valson Industries has recommended dividend on equity shares @ 10%

2013
-Valson Industries Ltd has recommended dividend of 5% i.e. Rs. 0.50/- per share on equity share (face value of Rs. 10/- each)

2014
-Valson Industries Ltd has recommended dividend on equity shares @ 8% p.a. (i.e. Re. 0.80/- per equity share)

2016
-Valson Ind. Ltd has Acquisition of Land on Lease From MIDC
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