Company History - Associated Stone Industries (Kotah)
1945 - The Company was incorporated on 17th January, 1945 at
Ramganjmandi, Rajasthan. The Company acts as stone quarry
operators and also has polishing factories. The products are
sold under brandname `Kotah Stone'.
- The company undertook to set up a new polishing factory and
manufacturing plant of 100 tonnes capacity near Jhalawar Road
Station (Shree Chatrapura). In this unit 50 polishing
6 cutting machines and 3 repolishing machines were to be
- The Company undertook to start a marble/granite processing
at Udaipur. Licenses were received for the import of steel
gang saw for sawing granite block and high efficiency diamond
multiple blade for sawing marble and orders for the same were
placed with a German firm.
1982 - In August one automatic marble cladding material
unit was received and it was installed and commissioned in
Pasoond unit from 25th September.
1983 - Ramganjmandi Investments Ltd., became a wholly owned
of the Company during the year.
1987 - The Company allotted 10,000-15% non-convertible debentures of
100 each for Rs 100 lakhs to UTI by private placement. These
debentures are redeemable on the expiry of 7 years from the
1992 - Hadoti Cement Ltd. became subsidiary of the Company with
from 2nd November.
1994 - The Company commissioned its polishing unit at Silvassa
any cost overrun. The Company launched Kotah Stone which
received good market response.
- 26,64,000 bonus shares issued in proportion 2:1. 15,98,400
issued (prem. Rs 30 per shares) to the existing shareholders
right basis in ratio of 2:5.
1995 - 6,48,257 No. of equity shares issued at par against warrants.
Prerna Syntex Ltd. was amalgamated with the Company pursuant
the order of the Rajasthan High Court with effect from 1st
Accordingly the company allotted 3,85,716 No. of equity shares
Rs 10 each fully paid-up to the shareholders of the erstwhile
Prerna Syntex Ltd. in the ratio of two equity shares of the
company for every seven equity shares of erstwhile Prerna
-Company has splits its Face value of Shares from Rs 10 to Rs 5
Source : Dion Global Solutions Limited
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