Rollatainers Ltd. Company History and Annual Growth Details

YEAR EVENTS 

1968 - The Company was Incorporated in February and converted as a
public limited Company on 27th May 1971. The Company's object is
to manufacture all kinds of packaging laminated coated materials,
pulp, paper and board and packaging machinery.

1970 - 4,50,000 shares issued. Of these, 3,00,000 shares issued to
Rolls Print Co. Ltd., and 2,000 shares to Envelop Manufacturers
Co. Pvt. Ltd. 

 1971 - The technical collaboration agreement with Cekapac International,
Sweden (formerly Christenssons Maskiner and Patenter A/B Sweden),
a division of Eseelte, Sweden was extended for further 5 years in
1982.

- Rolls Print Co. Pvt. Ltd., former holding Company of the Company
were appointed as sole selling agents for a period of 5 years
with effect from 1st July, on commission of 2% on the net selling
price of cartons. 

 1972 - 5,000 - 9.5% Redeemable cumulative pref. shares of the first
series were issued to LIC and ICICI. 

 1974 - With the issue of equity shares to the public during
January-February, Rolls Print Co. Pvt. Ltd. offered for sale at
par 2,00,000 No. of equity shares to the public and 50,018 No. of
equity shares to financial institutions viz., ICICI, LIC and UTI.

- 50,000 No. of equity shares issued at par to the public in early
1974. 

 1981 - 2,50,015 Bonus equity shares issued in prop. 1:2 in May.

1985 - In order to augment long term working capital resources and to
meet capital expenditure, the company, in January, issued 80,000
- 15% secured non-convertible debentures of Rs.100 each at par as
rights to resident Indian equity and preference shareholders in
the prop. 1 debenture for every 10 equity shares held and 1
debenture for every 1 preference share held. 

 1987 - The Operating profits declined marginally due to the increase in
the input costs.

- Sidharth Papers, Ltd. (SPL) was a subsidiary of the Company.

- The Subsidiary came under the provision of Sick Industrial
Companies (Sp. Provisions) Act. 1985. BIFR had sanctioned the
amalgamation of Sidharth Papers, Ltd. with the Company with
effect from 1.4.1990.

- As per the terms of the Scheme of Amalgamation, the Company was
to issue and allot 1 equity share of Rs.10 each of the company
for every 910 No. of equity shares of Rs.10 each or for every 91
preference shares of Rs.100 each held by respective shareholders
in SPL. Accordingly, a total of 302 No. of equity shares of
Rs.10 each of the Company were allotted to the shareholders of
SPL without payment in cash in 1991-92.