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South India Paper Mills Ltd. Company History and Annual Growth Details

YEAR EVENTS
1959 - The company was incorporated and acquired a paper mill for a
consideration of Rs.7.16 lakhs. During 1968 and 1970, the
company increased its capacity to 24 TPD. During 1982 capacity
was further enhanced to 45 TPD. The company's object is to
manufacture paper and paper boards.

1994 - During December, the company came out with a public issue of
12,80,000 No. of equity shares of Rs.10 each at a prem. of Rs.50
per share aggregating to Rs.768 lakhs to finance co-generation
project.

1995 - 220000 No. of equity shares allotted to promoters and Associates
at a price of Rs.60 per share on firm basis. 12,80,000 No. of
equity shares of Rs.10 each at a prem. of Rs.50 per share
allotted to FIs, Mutual Funds and Indian Public through public
issue.

1996 - The high pressure power boiler became operational from February.
This is expected to insulate the cost of fuel by virtue of supply
shortages and off season scarcities.

1998 - The Company undertook an expansion project for setting up
(i) Electro static precipitator system (ii) High pressure boiler
of 25 tph capacity (iii) New paper machine (iv) Turbo generating
set of 3.5 MW capacity.

2010

-South India Paper Mills has given the Bonus in the Ratio of 1:1

2012

- The Board of Directors has recommended Dividend @ 22% on the Equity Capital i.e. Rs. 2.20 per Share for the year.

2013

-Board of Directors of the Company has recommended Dividend @ 22% on the Equity Capital i.e. Rs. 2.20 per share for the year.

2014

-Board of Directors of the Company has recommended Dividend @15% on the Equity Capital i.e., Rs. 1.50 per share for the year.

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