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Associated Stone Industries (Kotah) > Company History > Mining/Minerals > Company History of Associated Stone Industries (Kotah) - BSE: 502015, NSE: ASOCSTONE
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Associated Stone Industries (Kotah)
BSE: 502015|NSE: ASOCSTONE|ISIN: INE443A01022|SECTOR: Mining/Minerals
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Company History - Associated Stone Industries (Kotah)
YEAR                       EVENTS
 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
 lime
        manufacturing plant of 100 tonnes capacity near Jhalawar Road
        Station (Shree Chatrapura).  In this unit 50 polishing
 machines,
        6 cutting machines and 3 repolishing machines were to be
        installed.
 
      - The Company undertook to start a marble/granite processing
 unit
        at Udaipur.  Licenses were received for the import of steel
 shot
        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
 manufacturing
        unit was received and it was installed and commissioned in
        Pasoond unit from 25th September.
 
 1983 - Ramganjmandi Investments Ltd., became a wholly owned
 subsidiary
        of the Company during the year.
 
 1987 - The Company allotted 10,000-15% non-convertible debentures of
 Rs
        100 each for Rs 100 lakhs to UTI by private placement.  These
        debentures are redeemable on the expiry of 7 years from the
 date
        of allotment.
 
 1992 - Hadoti Cement Ltd. became subsidiary of the Company with
 effect
        from 2nd November.
 
 1994 - The Company commissioned its polishing unit at Silvassa
 without
        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
 share
        issued (prem. Rs 30 per shares) to the existing shareholders
 on
        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
 to
        the order of the Rajasthan High Court with effect from 1st
 April.
        Accordingly the company allotted 3,85,716 No. of equity shares
 of
        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
 Syntex
        Ltd.
 
 2010
 -Company has splits its Face value of Shares from Rs 10 to Rs 5
Source : Dion Global Solutions Limited
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