Lerthai Finance Ltd. Company History and Annual Growth Details

YEAR EVENTS
1979 - The company was incorporated on 2nd November, at Mumbai. The
main objective of the company is to manufacture magnesite
ramming masses and refractory bricks.

- The company entered into a technical collaboration agreement with
Orissa Cement, Ltd., for providing necessary technical know-how
to set up the company's plant and run it.

- Amongst other things, the collaborators were to supply to the
Company complete engineering/technical know-how, specifications
of plant and machinery, drawings/designs of the plant and
technical assistance for the installation or erection of the
plant and machinery.

- The agreement is for 7 years from 28th February, 1980.

1980 - 700 No. of equity shares subscribed for by the signatories to the
Memorandum of Association. 10,000 pref. and 1,39,300 No. of
equity shares reserved and allotted to promoters, directors, etc.
2,10,000 No. of equity shares offered at par to the public in
August.

1982 - The company undertook expansion project for the manufacture of
chemically bonded magnesite bricks.

1990 - Pref. shares redeemed on 31st December.

1996 - 35,00,000 Rights equity shares issued in prop. 1:1.

2011
-Registered Office of the Company has been shifted To #41, Vittal Mallya Road, Bangalore.

2012
-Marathwada Refractories appointed Mr. H. S. Girish Gupta as the Compliance Officer.

2013
-Marathwada Refractories has appointed Mr. S. Baaskaran as an additional director of the Compan.

2014
-Marathwada Refractories has appointed Mr. T Rajagopala Rao as an additional director of the Company.

2015
- Marathwada Refractories completed the new brochure published
- HarbisonWalker International guests to visit Marathwada Refractories
-Jidong Cement Group leadership to visit Marathwada Refractories

2019
-Company name has changed to Lerthai Finance Ltd. from Marathwada Refractories Ltd.

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