1993 - The Company was incorporated on 17th March as a Public Limited
Company and obtained certificate of commencement on 19th July.
KUL is promoted by Shri H.D. Katwa, Smt. N.H. Katwa and Shri M.L.
Bevinketti to take up the business of manufacture and sale of
cement. The Company objective of the company is to manufacture
ordinary portland cement.
- In April, the company purchased a 20 TPD plant from KSFC. The
plant was situated at Bagalkot Taluk, Karnataka. The Company
marketing the cement in its own brand name `Jyoti Cement'.
1995 - The Company proposed to add further capacity of 50 tonnes per
day, install electronic weight feeder system and to acquire other
assets such as weigh bridge, D.G. Sets, loader and goods and
- During January, the Company offered 31,60,000 No. of equity
shares of Rs. 10 each for cash at par of which 17,800 shares were
offered to the employees (Only 16,500 shares were taken up.
Balance added to the public issue). 7,50,000 shares were offered
to the NRIs, FIIs (All were taken up), 23,92,200 shares were
offered to public (all were taken up). Additional 33,000 shares
were allotted including unsubscribed portion from employees
1996 - 19,32,500 shares were held by Promoters, directors, their friends
-Katwa Udyog has recommended 10% dividend
-Company name has been changed from Katwa Udyog Ltd to Shri Keshav Cements & Infra Ltd.
-Katwa Udyog Ltd has recommended Dividend @ 10%