Dalmia DSP Ltd. Company History and Annual Growth Details

YEAR EVENTS
1937 - The Company was Incorporated at Calcutta. The Company's object
is to manufacture cement.

1954 - 15,750 preference shares and 15,750 No. of equity shares issued
at par.

1962 - The Company persuaded the Industrial Credit and Investment
Corporation of India Ltd., which held two-third of 6% preference
issue to accept 8.5% basic, participating upto 1.75% only instead
of 12.85%.

1965 - 30,250 9.5% pref. shares and 4,57,500 No. of equity issued at par
through a prospectus.

1970 - In January, 6,00,000 Right equity shares issued in prop. 3:5.

1979 - Redemption date of 11% pref. shares further extended to a date
not later than 31st January, 1983. 2,75,000 No. of equity
shares issued.

1988 - There was substantial loss of production mainly due to liquidity
constraints which hampered supplies of essential inputs.

- The Company embarked on a modernisation-cum-expansion scheme with
the assistance of World Bank for increasing the installed
capacity from 4 lakh tonnes to 10 lakh tonnes per annum based on
1,650 tonnes per day dry process kiln with a 5-stage suspension
pre-heater and pre-calciner. The scheme was to be implemented by
1992-93 in technical and financial collaboration with Holderbank
Management & Consulting Ltd. of Switzerland. A letter of intent
for this expansion was already received.

- The name of the Company was changed from Kalyanpur Lime & Cement
Works Ltd., to Kalyanpur Cements Ltd., with effect from 9th
March.

1990 - In October-November, the Company issued 56,25,000 No. of equity
shares at par as follows:

- (i) 53,57,143 shares as rights in prop. 28.571429:10 (only
16,71,762 shares taken up) and

- (ii) 2,67,857 shares to permanent employees/workers of the
Company on an equitable basis (only 100 shares taken up). The
remaining 39,53,138 shares unsubscribed from the rights issue and
employees quota was issued as follows:

- (i) 20,00,000 shares to foreign collaborators - Holderbank
Management Consulting Ltd.,

- (ii) 2,00,000 shares to NRIs;

- (iii) 8,76,569 shares to IDBI and

- (iv) 8,76,569 shares to IFCI.

- In October, 56,25,000 No. of equity shares issued.

1991 - The Company, however, was able to earn a profit after
depreciation and interest mainly due to better price realisation
and overall cost control.

1992 - Operations were adversely affected due to increase in the cost
of production resulting in loss.

1993 - The new dry process million tonne slag cement plant was
commissioned.

- During March, the company issued 75,00,000 No. of equity shares
of Rs.10 each at par on rights basis in the prop. 1:1. All were
taken up.

- The rate of dividend on 30,250 preference shares was increased
from 11% to 13.5% with effect from 1st February, 1983 and the
date of redemption extended to 31st January, 1988. The rate of
dividend was again increased to 14% with effect from 1st
February, 1988 and redemption date extended to 31st January 1993.

- The Company Law Board indicated that both the classes of
preference shares would be redeemed by issue of fresh 15%
cumulative preference shares together with arrears dividend till
date. Accordingly fresh arrears dividend has been calculated on
14% cumulative preference shares at 15% from 1st February to
31st March, the date of redemption fixed on 31st March. 8%
cumulative preference shares will have to be redeemed on 15th
June. The final order of Company Law Board was awaited.

- The Company had made an application to the Company Law Board to
redeem 8.5% and 14% Cumulative Convertible Preference shares.
Orders were received for redemption of both 8.5% and 14% and to
issue fresh 155 cumulative redeemable preference shares. The
1,09,293 - 15% Cumulative redeemable preference are due for
redemption not earlier than 31st January 1998 and not later than
31st January 2003. The 57,473 - 15% Cumulative redeemable
preference shares are to be redeemed not earlier than 16th June
1998 and not later than 16th June 2003.

- 166,766 - 15% fresh Cumulative redeemable preference shares
issued. Both 8.5% and 14% preference shares redeemed.

1994 - 50,00,000 rights equity shares issued (prop. 1:3, Prem. Rs.5)

1995 - 1,00,00,000 No. of equity shares (Prem. Rs. 8 per share) issued
to promoters.

1997 - 925,000 Pref. shares issued.

2007

-The Company appointed Mr. Shailendra P Sinha as Managing Director of the Company.

2014
-Kalyanpur Cement has announced Rights in the Ratio of 1:2

2019
-Company name has changed to Dalmia DSP Ltd. from Kalyanpur Cement Ltd.

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