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Kisan Mouldings Ltd. Company History and Annual Growth Details

Kisan Mouldings Limited (KML) was originally incorporated on 20th November, 1989 as a private limited company under the name and style of Sanwaria Synthetics Private Limited. Subsequently the Company was converted into Public Limited Company by passing special Resolution dated 20.07.1993 and the company was converted into Public Limited Company by obtaining a fresh certificate of incorporation from
Registrar of Companies, Maharashtra dated 5.11.93. The name of the company was changed to Kisan Mouldings Limited on 24th November, 1993 and a fresh Certificate of Incorporation consequent on change of name was obtained.

The object clause of the Company was changed to include carrying on the business of all types of processing of plastic materials vide Company Law Board Order dated 18.11.1993.

The company has initially set-up at Tarapur a project for manufacturing SWR Rigid PVC fittings with an installed capacity of 600 TPA at the cost of Rs. 230.00 lacs with financial assistance of Rs.85.00 lacs from Maharashtra State Financial Corporation (MSFC). The construction of
the building and erection of Machineries for phase I has been completed and production of SWR PVC fittings was commenced in April 1994. However, in view of common market segment and the rising demand, it was decided to expand and enlarge and diversify its product range by manufacturing rigid PVC threaded/plumbing fittings, large sized rigid
PVC agriculture/pressure pipe fittings and ABS flush tanks, at the incremental cost of Rs. 550.00 lacs (total cost Rs. 780.00 lacs). The same is now under implementation.

The present main objects of the company, as set out in its Memorandum of Association and as approved by Company Law Board Bench, western region, Bombay vide its order dated 18.11.93 and as set out in object clause 'C' vide sub-clauses 98 & 99 are as follows:

1. To carry on the business of all types of plastics and polymers mouldings, manufacturing, moulding producing, fabricating, processing, converting, refining, preparing, importing, exporting selling, distributing, commission agency and dealers in all types of sewerage fittings, tubes, pipes, hoses, vessels, containers, wrapping materials accessories, fittings, appliances, spare parts, packing materials, drums, bags, articles and things made of polyvinyl chloride, polythene, polystyrene, polycar bonate, polytetra flouriethylene, acrylics, nylon and other kinds of plastics, whether reinforced or otherwise, rubber, ferrous and non-ferrous metals and other synthetic, ferrous and non-ferrous materials and substances blends/alloys thereof, required for use in toilets, over head, surface and underground irrigation, industrial and agricultural machinery and equipments, building construction, mopeds, scooters, cars, trucks and house-hold goods.

2. To carry on the business as manufacturers of and dealers in all types of plastics, synthetics resin, synthetic rubbers and elastomers, latices and formulations thereof including reclaimed rubber and all kinds of plastic and rubber products goods and by-products hereto.

PRESENT BUSINESS OF THE COMPANY

The company is engaged in the manufacturer of SWR rigid PVC fittings. It is presently implementing the expansion/diversification of project for manufacturing of threaded rigid PVC Fittings and flush tanks at Tarapur, Maharashtra.

2009

- Kisan Mouldings Ltd has informed BSE that Shri. Kunal Aggarwal has been appointed as an additional director of the Company with effect from October 27, 2008.

2010

- Kisan Mouldings Ltd Opening of manufactring Unit in Nalagarh, Himachal Pradesh.

- Company has recommended Dividend of Rs. 1.20 per share (12%) on Paid - Up Equity Shares of the Company.

2011

- Company has recommended 10 % dividend (i.e. Rs. 1 per equity share) for the year ended March 31, 2011.

2012

- Kisan Mouldings Ltd has informed that Hon'ble Court of Bombay, vide order dated July 26, 2012 has sanctioned Scheme of Arrangement between Kisan Irrigation Limited, The Transferor Company with Kisan Moulding Limited.

2013
-The Board of Directors of the Company has Recommended dividend of Rs. 0.50 (5%) on the Paid Share Capital of the Company.

2014
-The Board of Directors of the Company has Recommended dividend of Rs. 0.50 (5%) on the Paid Share Capital of the Company.

2017

-Company launched new product "PE Water Tanks"

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