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Vikas WSP Ltd. Company History and Annual Growth Details

1988

- The company was incorporated as Private Limited company with
Registrar of Companies Delhi and Haryana, New Delhi on 22nd June under
the name Vikas Gum Mills Pvt. Ltd.

- The main promoters of Vikas WSP Ltd., are Shri. J.D. Agarwal, Shri.B.
Jindal and Shri. B.D. Agarwal. The Promoters hail from a agricultural
family from Siwani.

1990

- The company is engaged in manufacturing and export of Guar water
Soluable Polymers

1992

- The name of the company was subsequently changed to Vikas WSP Pvt.
Ltd., on 19th August subsequently it was converted into a Public
Limited Co. on 22nd September.

1995

- The Company very successfully launched its maiden public issue of
44,86,500 No. of equity shares of Rs. 10 each cash at par aggregating
to Rs 4,48,65,000/-.

- Sh. J. D. Agarwal & Sh. B. D. Agarwal retire by rotation and being
eligible offer thesmelves for re-appointment.

- The Company proposes to install economiser at thermic fluid boiler
and DG Sets which will use the exhaust of the DG Sets and thermic fluid
heaters to heat the water used in the process.

1996

- Sh. R.C. Jindal & Sh. Koshal Patodi retire by rotation and being
eligible offer themselves for re-appointment.

1997

- Sh. J.D. Agarwal and Sh. B.D. Agarwal retire by rotation and being
eligible offer themselves for re-appointment.

- The Company proposes to install economiser at thermic fluid boiler
and DG Sets which will use the exhaust of the DG Sets and thermic fluid
heaters to heat the water used in the process.

2000

-Shelved its Rs 140 crore preferential share issue due to sharp erosion in the share price from Rs 1 550 a few weeks ago to the current level of Rs 300.

- Mr. B.M. Jindal, Director, have resigned from the board.

2001

-Allotts 1 crore equity shares of Re 1 each at a price of Rs 82.5 per share to the promoters/directors/associates of the company.