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Mahalaxmi Rubtech Ltd. Company History and Annual Growth Details

1991 - Mahalaxmi Rubtech Ltd. was incorporated for manufacturing of synthetic rubber coated, cotton printing blankets and also air cells and hydraulic seals.

2007 - The comapny had planed to raise a sum of about Rs 25 crore for its ongoing expansion project, by way of rights issue of equity shares and debt.

-The Company has issued Bonus Shares in the Ratio of 1:4.

2008 - The board of the company had allotted 12,00,000 warrants convertible in to equity share of Rs 10 each at price of Rs 79 per warrant on preferential basis.

- The company had announced the merger of a group flagship company Mahalaxmi Fabric Mills Pvt. Ltd. with itself.

-Company has splits its Face value of Shares from Rs 10 to Re 1.

- Mahalaxmi Rubtech Ltd has recommended Dividend @ 5% (Rs. 0.05 per Equity share on the face value of Rs. 1/- each).

-Mahalaxmi Rubtech Ltd has consolidated its face value of share from Rs. 1 to Rs. 10