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ASI Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1945 - The Company was incorporated on 17th January, 1945 at
Ramganjmandi, Rajasthan. The Company acts as stone quarry
operators and also has polishing factories. The products are
sold under brandname `Kotah Stone'.

- The company undertook to set up a new polishing factory and lime
manufacturing plant of 100 tonnes capacity near Jhalawar Road
Station (Shree Chatrapura). In this unit 50 polishing machines,
6 cutting machines and 3 repolishing machines were to be
installed.

- The Company undertook to start a marble/granite processing unit
at Udaipur. Licenses were received for the import of steel shot
gang saw for sawing granite block and high efficiency diamond
multiple blade for sawing marble and orders for the same were
placed with a German firm.

1982 - In August one automatic marble cladding material manufacturing
unit was received and it was installed and commissioned in
Pasoond unit from 25th September.

1983 - Ramganjmandi Investments Ltd., became a wholly owned subsidiary
of the Company during the year.

1987 - The Company allotted 10,000-15% non-convertible debentures of Rs
100 each for Rs 100 lakhs to UTI by private placement. These
debentures are redeemable on the expiry of 7 years from the date
of allotment.

1992 - Hadoti Cement Ltd. became subsidiary of the Company with effect
from 2nd November.

1994 - The Company commissioned its polishing unit at Silvassa without
any cost overrun. The Company launched Kotah Stone which
received good market response.

- 26,64,000 bonus shares issued in proportion 2:1. 15,98,400 share
issued (prem. Rs 30 per shares) to the existing shareholders on
right basis in ratio of 2:5.

1995 - 6,48,257 No. of equity shares issued at par against warrants.
Prerna Syntex Ltd. was amalgamated with the Company pursuant to
the order of the Rajasthan High Court with effect from 1st April.
Accordingly the company allotted 3,85,716 No. of equity shares of
Rs 10 each fully paid-up to the shareholders of the erstwhile
Prerna Syntex Ltd. in the ratio of two equity shares of the
company for every seven equity shares of erstwhile Prerna Syntex
Ltd.

2010
-Company has splits its Face value of Shares from Rs 10 to Rs 5

2013

- Credit Analysis & Research Limited (CARE) has assigned the ratings to Bank Loan facilities of the Company.

- The Company has recommended a Dividend of Rs. 1.25 (25%) per Equity Share of Rs. 5/- each.

2014

- Credit Analysis & Research Limited (CARE) has reaffirmed the ratings to Bank Loan facilities of the Company.

- The Company has recommended a Dividend of Rs. 1.25 (25%) per Equity Shares of Rs. 5/- each.

- The address of the registered office of the Company is as Marathon lnnova, A Wing 7th Floor,Off: Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013 Tel: 022-40896100/40896105 Fax : 022-40896799, email:[email protected]/[email protected] and the New CIN of the Company is: L14101MH1945PLC256122.

- Appointment of Mrs. Anita Jatia as an Additional Director and Mr. Sanjay Seksaria as an Additional Director/ Independent Director on the Board of Directors of the Company.

- Associated Stone Industries Kotah Ltd's subsidiary company ASI Global Limited (ASIGL) has acquired Al Rawasi Rocks and Aggregates L.L.C, Fujairah U.A.E (having lime stone quarry & stone crusher unit) for a consideration of AED 21.71 million (USD 5.915 Million).

2015
-Associated Stone Industries (Kotah) Ltd Change in Registered Office to Marathon innova, A-Wing, 7th Floor, Off. G.K.Marg, Lower Parel, Mumbai.

-Associated Stone Industries (Kotah) has splits its face value from Rs. 5 to Rs. 1

2016
-Associated Stone Industries (Kotah) Ltd. approved Bonus Issue in the proportion of 1:4 i.e. 1 (one) Bonus Share of Re. 1/- each to every existing 4 fully paid up Equity Shares of Re. 1/- each.

2018
-Company name has changed to ASI Industries Ltd. from Associated Stone Industries (Kotah) Ltd..

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