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Rainbow Papers Ltd. Company History and Annual Growth Details

YEAR EVENTS
1986 - The Company was Incorporated on 4th July, and the Company's name
was changed to Rainbow Papers Private Ltd. on 1st June 1989.
Subsequently, the name of the Company was changed into a public
limited company on 30th Jay, 1991.

- The Company was promoted by Radheshyam Goenka and Ajay Goenka.
Set up a project with an installed capacity of 12,000 tpa of
duplex boards. The Company's object is to manufacture duplex
board.

1991 - During December, the Company came out with a public issue of
18,00,000 No. of equity shares of Rs.10 each for cash at par to
part finance its project.

- 2,00,000 No. of equity shares of Rs.10 each for cash at par
allotted to promoters and 18,00,000 No. of equity shares of Rs.10
each for cash at par allotted to the Indian public.

1993 - Orient Crepe Paper Industries Ltd. was amalgamated with the
Company.

- 24,69,250 No. of equity shares of Rs.10 each allotted to the
shareholders of Orient Crepe Paper Industries Ltd. in lieu of
Amalgamation of the said Company.

1994 - The Company has entered into a Power generation through wind
mills by instaling two wind mills of 0.45 M.W. at Lamba in
Jamnagar.

1995 - The Company has further installed Seven Wind Mills each of 90 KW
making total capacity of 0.630 MW at Dhank in Rajkot.

1996 - The Company installed third paper machine at paper plant and also
took production of manufacturing base paper for its Master Cote
Division.

2002-Rainbow Papers Ltd has informed that Mr Kamlesh J Shah has resigned as Director and Company Secretary of the company with effect from October 31, 2002.Ms Runel Baldwa has been appointed as Company Secretary of the company with effect from October 31, 2002.

2010

- Rainbow Papers Limited has appointed Shri Manish Bagadia as an Additional Director of the Company w.e.f. September 01, 2010 and has also decided to appoint him as an Executive Director of the Company subject to approval of members in a general meeting.

- Rainbow Papers Ltd has appointed Shri. Manish Bagadia as an Additional Director of the Company w.e.f. September 01, 2010 and has also decided to appoint him as an Executive Director of the Company subject to approval of members in a general meeting.

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2011

-Rainbow Papers has recommended Dividend of Re.0.40 per equity share of Rs.2/- each

2012

-Rainbow Papers has recommended a Dividend of Re. 0.40 per Equity Share

2013

-Rainbow Papers Ltd has has recommended a Dividend of Rs. 0.40 per Equity Share having face value of Rs. 2/- each for the financial year ended 2013.

2014

-Board has recommended a Dividend of Rs. 0.40 per Equity Share of Face Value of Rs. 2/- per share (Previous year Rs. 0.40 per equity share).

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