YEAR EVENTS 1993 - The company was incorporated in the name of Eastern Precured Treads Pvt. Ltd., on 2nd July, and converted into a public limited company on 17th February 1995. It was promoted by M.E. Meeran, Nawas M. Meeran, and Kerala State Industrial Development Corporation Ltd. The main objects of the company is to manufacture of precured tread rubber and other type of rubber materials. - The company undertook to set up a precured tread rubber and other tyre repair materials manufacturing unit at Oonukal in Ernakulam district, Kerala. The unit was to have an installed capacity of 4200 MTs p.a. of precured tread rubber, 420 MTs of cushion Gum & 165 Killo litres of bonding solution per annum. 1996 - 5,30,400 No. of equity shares allotted to promoters, their friends, associates etc. 50,61,100 No. of equity shares of Rs. 10 each were issued in October 1995 through a Prospectus of which 12,46,100 shares and 6,15,000 shares were reserved and allotted on a firm basis to Indian promoters, their friends and KSIDC respectively. Of the remaining the following were reserved for allotment on a preferential basis; - (1) 4,00,000 shares to IDBI; - (2) 3,00,000 shares to NRIs/OCBs on repatriation. Balance 25,00,000 shares issued to the public. 2004 -The promoters of Eastern Threads Ltd (ETL) have purchased 4 lakh equity shares of face value of Rs 10 each of ETL, from Industrial Development Bank of India, at a price of Re 1 per share. The transaction constituted over one per cent of the paid up capital of the ETL. 2008 -Eastern Treads has designated E-mail ID for Investors Complaints: [email protected] 2011 -Eastern Treads appointed Mr. M. S. Ranganathan as a member of Share Transfer Committee of the Board of Directors of the Company. 2016 -The Company has received Business order from Kerala State Road Transport Corporation. -The Company bags order for supplying tyre material. |
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