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Nath Pulp & Paper Mills Ltd. Company History and Annual Growth Details

YEAR EVENTS 1975 - The Company was incorporated on 10th April, in Maharashtra. The
Company was promoted by Agriculturists and businessmen of repute
who were connected with Maharashtra Hybrid Seeds Co., Ltd.
Commercial production was started from 1st January, 1979. The
bleaching plant was commissioned with effect from 1st January,
1981.

- The main objective of the company is manufacture paper, pulp &
boards.

1977 - 3,40,000 No. of equity shares subscribed for by promoters etc.
5,000 pref. and 5,10,000 No. of equity shares offered at par to
the public during February/March 1978.

1983 - The company took up a scheme of expansion/modernisation to
increase the production capacity to 9,900 tonnes per annum.

1984 - 1,50,000 No. of equity shares issued at par to lenders of
unsecured loans as on 30.06.1984 at the discretion of directors.

1986 - The company embarked on second phase of modernisation and
expansion to increase the capacity to 14000 tps.

1987 - A scheme to expand the installed capacity from 9,000 tonnes to
14,000 tonnes was in progress. The company also formulated a
scheme for further increase in the capacity to 17,000 tonnes
per annum.

- 1,50,000 No. of equity shares issued at par.

1989 - Production and sales registered an improvement at 12,437 tonnes.

- The company undertook to set up a unit for manufacture of coated
papers/boards with an installed capacity of 8250 tpa. Also,
another plant was to be set up for regeneration of caustic soda.
It was also proposed to instal a modern fluidized bed boiler with
a turbo-generator to produce 5 MW of power.

1991 - The company had commissioned twin wire modern machine for
manufacture of high strength export quality double lines and
white lines kraft papers. Also trail runs of the coating plant
and water pipe line from Jayakwadi.

- 18,00,000 rights shares issued in prop. 1:1.5652. (Additional
2,70,000 shares allotted to retain oversubscription). Another
90,000 shares offered to employees (Additional 13,500 shares
allotted to retain oversubscription).

1992
- The company had fully established production of high value added high quality kraft and coating base papers from agro waste. Production and sales registered substantial improvement at 21,741 tonnes.
- The project based on latern technology of manufacture of newsprint from recyclid waste paper. The company has signed an agreement with Jackko Poyny, a firm from Finland while production process know-how was to be made available from Parento of Netherland.
- The company issued 34,57,068-14% secured fully convertible debentures of Rs. 90 each of which 24,92,625 debentures were offered to the equity shareholders of the Company on Rights basis in the proportion 3:4 (additional 3,73,894 debentures) were allotted) and 1,24,632 debentures were reserved for preferential allotment to employees (additional 15,668 debentures were allotted). Of the remaining, 41,991 debentures reserved for preferential allotment to employees (additional 6,284 debentures were allotted). Remaining 7,97,820 debentures were allotted to the public (additional 1,19,680 debentures were allotted).
- Each debenture could be automatically converted into two equity shares of Rs. 10 each for cash at a premium of Rs. 35 per equity share on the expiry of 6 months from the date of allotment.
- 11% pref. shares redeemed. 79,45,188 No. of equity shares (prem. Rs. 35) allotted in conversion of fully convertible debentures.

1993
- During December, the company issued 30,00,000 equity shares of Rs. 10 each on preferential allotment basis (to ICICI and other bodies corporate).

1994
- The company has introduced coated kraft and Art kraft papers for the first time in the country.
- 30,00,000 No. of equity shares allotted on Preferential Basis at Rs. 45 per share.

1996
- On 31st January, the scheme of Amalgamation of Rama Pulp & Papers Ltd. with the company was approved.

2008
- E-mail ID for Investors Complaints :[email protected].

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